APi Group Corporation $APG is Norwood Investment Partners LP’s Largest Position

Norwood Investment Partners LP lowered its holdings in APi Group Corporation (NYSE:APG) by 19.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 446,000 shares of the company’s stock after selling 110,440 shares during the period. APi Group accounts for 19.2% of Norwood Investment Partners LP’s investment portfolio, making the stock its largest holding. Norwood Investment Partners LP’s holdings in APi Group were worth $17,064,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Arizona State Retirement System grew its position in shares of APi Group by 0.3% in the fourth quarter. Arizona State Retirement System now owns 98,581 shares of the company’s stock valued at $3,772,000 after purchasing an additional 277 shares during the period. Silicon Valley Capital Partners grew its position in shares of APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after purchasing an additional 286 shares during the period. Parallel Advisors LLC grew its position in shares of APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after purchasing an additional 297 shares during the period. Bradley Foster & Sargent Inc. CT grew its position in shares of APi Group by 0.3% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 103,073 shares of the company’s stock valued at $3,944,000 after purchasing an additional 303 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its position in shares of APi Group by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 82,817 shares of the company’s stock valued at $3,169,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on APG. UBS Group lifted their price objective on APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings cut APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Barclays reiterated 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. Finally, Truist Financial set a $55.00 target price on APi Group and gave the company a “buy” rating in a report on Friday, May 1st. One equities research 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. According to MarketBeat, APi Group has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

Insiders Place Their Bets

In other APi Group news, Director Martin E. Franklin sold 3,000,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the transaction, the director owned 21,240,426 shares in the company, valued at $868,308,614.88. The trade was a 12.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James E. Lillie sold 225,539 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $44.87, for a total value of $10,119,934.93. Following the transaction, the director owned 9,296,811 shares in the company, valued at approximately $417,147,909.57. This represents a 2.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,444,000 shares of company stock worth $271,537,645 over the last quarter. 18.70% of the stock is owned by corporate insiders.

APi Group Trading Up 2.0%

Shares of APG opened at $42.48 on Wednesday. The stock’s 50-day moving average is $43.99 and its two-hundred day moving average is $42.35. The stock has a market cap of $18.40 billion, a PE ratio of -59.83, a P/E/G ratio of 2.44 and a beta of 1.60. APi Group Corporation has a 12 month low of $31.95 and a 12 month high of $49.99. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36.

APi Group (NYSE:APG) last issued 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 for the quarter, compared to analysts’ expectations of $1.92 billion. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities analysts forecast that APi Group Corporation will post 1.7 earnings per share for the current fiscal year.

APi Group Company 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.