Sen. Richard Blumenthal Is Stocking Up on This Industrial Stock

Richard Blumenthal, the senior senator from Connecticut, is buying shares of API Group (APG: US), which provides various construction, specialty contracting, and maintenance services mainly for industrial and commercial clients.

Senator Blumenthal made in total 6 buy trades in September involving APG shares, including the transaction on September 21 when he invested between $100,000 to $250,000 in shares of the Minnesota-based business.

Moreover, Mr. Blumenthal made three buy trades that fell within the $15,000 to $50,000 size range on September 09, 16, and 19. An additional two $1,000 to $15,000 trades were made on September 12 and 20. The lowest price that the Senator was paying was $14.77, while the highest was $16.20.

This is not the first time that a Senator from Connecticut is investing in APG stock. In July, Mr. Blumenthal disclosed that he invested between $50,000 to $100,000 in API Group on 23 June. When the APG stock closed at $15.28.

APG shares closed at $14.43 on October 06, meaning that Mr. Blumenthal is underwater on all his trades.

Senator Blumenthal tends trading bigger sizes. In June, he sold over half a million worth of Kraft Heinz (KHC: US) shares. Similarly, the Senator disclosed that in late April he sold between $250,000 to $500,000 worth of shares of Keurig Dr. Pepper (KDP: US).

Blumenthal is one of the most influential Democrats in the Senate as he sits on committees that are in charge of Armed Services, Judiciary, and Veterans Affairs, among others. His favorite sectors for trading are Communication Services, Financials, and Industrials.