The Vanguard Group, Inc. has recently announced that it has increased stake in APi Group Corporation (NYSE:APG) by 0.88%. After grabbing 18.36 million shares, the institutional investor is now in possession of 0.16 million shares of the Industrials Company. The new investment brought the stake of investor firm to 7.80% having worth around $557.37 million. Moreover, SSgA Funds Management, Inc. increased its share by 70101.0 to have a control over 4.38 million shares. And Geode Capital Management LLC raised its holdings to 0.19 million shares by acquiring 4.17 million shares or 1.77% of the stake.
APi Group Corporation (APG) concluded trading on 01/03/24 at a closing price of $30.69, with 5.88 million shares of worth about $180.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.39% during that period and on Wednesday the price saw a loss of about -6.66%. Currently the company’s common shares owned by public are about 233.40M shares, out of which, 153.88M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 29 times over the past 12 months. They bought 146,336 shares in 14 of the transactions. In 15 selling transactions, insiders dumped 5,570,578 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in APi Group Corporation Vanguard Total Stock Market ETF is currently holding 5.92 million shares of worth totaling $179.71 million. The company recently came buying 53590.0 shares which brought its stake up to 2.51% of the company’s outstanding shares. iShares Russell 2000 ETF bought 2481.0 shares, after which its hold over company’s outstanding shares expand to 2.14%, leaving 5.05 million shares with the mutual fund that have a worth of about $153.12 million. Vanguard Small Cap Index Fund, after buying 4.88 million shares, have now control over 2.07% of the stake in the company. It holds 20771.0 shares of worth $148.25 million.
APi Group Corporation (NYSE: APG) started trading at $31.53, below -$1.35 from concluding price of the previous day. However, the stock later moved at a day high price of 31.53, or with a loss of -6.66%. Stock saw a price change of -11.53% in past 5 days and over the past one month there was a price change of -1.19%. Year-to-date (YTD), APG shares are showing a performance of -11.30% which increased to 63.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.33 but also hit the highest price of $34.92 during that period. The average intraday trading volume for APi Group Corporation shares is 1.31 million. The stock is currently trading -6.23% below its 20-day simple moving average (SMA20), while that difference is up 2.91% for SMA50 and it goes to 16.61% higher than SMA200.
The Vanguard Group, Inc. acquired 18.36 million shares of APi Group Corporation having value of about $557.37 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.16 million shares in the company valued at close to $4895361.9, or have control over 0.88% stake in the company. APi Group Corporation (NYSE: APG) currently have 233.40M outstanding shares and institutions hold larger chunk of about 99.86% of that. Holding of mutual funds in the company is about 31.81% while other institutional holders and individual stake holders have control over 42.37% and 14.18% of the stake respectively.
The stock has a current market capitalization of $5.32B. PE ratio of stock for trailing 12 months is 77.93, while it has posted earnings per share of $0.39 in the same period. Its PEG reads 4.89 and has Quick Ratio of 1.31 while making debt-to-equity ratio of 0.94. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APG, volatility over the week remained 2.33% while standing at 2.14% over the month.
Analysts are in expectations that APi Group Corporation (APG) stock would likely to be making an EPS of $0.42 in the current quarter, while forecast for next quarter EPS is $0.33 and it is $1.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.4 which is $0.44 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.36 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.60% while it is estimated to increase by 17.17% in next year.
Analysts at 8 brokerage firms have issued recommendations for the APi Group Corporation (APG)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.75. Out of those 8 Wall Street analysts, 4 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on May 17, 2023 offering an Outperform rating for the stock and assigned a target price range of between $27 and $29 to it.
