APi Group Corporation $APG Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in shares of APi Group Corporation (NYSE:APG) by 4.0% during the fourth quarter, Holdings Channel reports. The firm owned 23,116,168 shares of the company’s stock after buying an additional 887,729 shares during the period. Janus Henderson Group PLC owned about 0.06% of APi Group worth $884,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of APi Group by 49.6% during the 3rd quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock valued at $1,207,719,000 after purchasing an additional 11,644,990 shares during the period. Congress Asset Management Co. bought a new stake in shares of APi Group during the 4th quarter worth $49,665,000. TD Asset Management Inc boosted its position in shares of APi Group by 40.0% in the third quarter. TD Asset Management Inc now owns 218,116 shares of the company’s stock worth $7,497,000 after buying an additional 62,322 shares during the period. Rathbones Group PLC boosted its position in shares of APi Group by 215.7% in the fourth quarter. Rathbones Group PLC now owns 211,909 shares of the company’s stock worth $8,108,000 after buying an additional 144,789 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of APi Group by 197.8% in the third quarter. HighTower Advisors LLC now owns 47,472 shares of the company’s stock worth $1,632,000 after buying an additional 31,532 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings lowered APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. UBS Group lifted their price objective on APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a report on Friday, May 1st. Barclays reissued an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. Royal Bank Of Canada boosted their price objective on shares of APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Finally, Citigroup restated a “buy” rating and issued a $53.00 price objective (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.14.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 1,018,466 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $44.73, for a total value of $45,555,984.18. Following the transaction, the director directly owned 9,542,818 shares of the company’s stock, valued at $426,850,249.14. This represents a 9.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the transaction, the director directly owned 19,240,426 shares in the company, valued at $809,637,126.08. This represents a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,444,000 shares of company stock valued at $148,897,645 in the last three months. 18.70% of the stock is currently owned by company insiders.

APi Group Price Performance

Shares of NYSE APG opened at $41.86 on Thursday. The company has a fifty day moving average price of $43.98 and a 200 day moving average price of $42.37. APi Group Corporation has a 1-year low of $31.95 and a 1-year high of $49.99. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. The firm has a market cap of $18.13 billion, a PE ratio of -58.95, a PEG ratio of 2.49 and a beta of 1.60.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. Research analysts predict that APi Group Corporation will post 1.7 earnings per share for the current fiscal year.

APi Group Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.