Wilmington Savings Fund Society FSB Invests $450,000 in APi Group Co. (NYSE:APG)

Wilmington Savings Fund Society FSB purchased a new stake in APi Group Co. (NYSE:APG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,642 shares of the company’s stock, valued at approximately $450,000.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in shares of APi Group in the 3rd quarter valued at about $26,000. Avior Wealth Management LLC bought a new stake in APi Group in the third quarter valued at about $33,000. Strategic Financial Concepts LLC raised its stake in APi Group by 3,622.0% during the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after buying an additional 382,012 shares in the last quarter. SG Americas Securities LLC bought a new position in APi Group during the 3rd quarter worth approximately $165,000. Finally, KBC Group NV grew its position in shares of APi Group by 14.8% in the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock worth $185,000 after acquiring an additional 721 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APG has been the topic of several research analyst reports. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Citigroup raised their price target on shares of APi Group from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Barclays boosted their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird raised their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.43.

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.20% of the company’s stock.

APi Group Price Performance

NYSE:APG opened at $37.58 on Tuesday. APi Group Co. has a 52-week low of $30.26 and a 52-week high of $40.89. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a market cap of $10.33 billion, a P/E ratio of -19.08 and a beta of 1.55. The business’s 50-day moving average price is $35.86 and its 200 day moving average price is $35.72.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts predict that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.