APi Group Corporation (NYSE:APG) Sees Significant Increase in Short Interest

Key Points

• APi Group Corporation experienced a significant increase in short interest, with 10.3 million shares shorted as of September 15th, marking a 46.7% increase from August.
• Insiders have sold a total of 1.79 million shares worth over $62 million in the past 90 days, indicating a decrease in ownership amongst top executives.
• Several institutions, including Vanguard Group and State Street Corp, increased their stakes in APi Group, with institutional investors now owning 86.62% of the stock.

APi Group Corporation (NYSE:APG - Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 10,300,000 shares, an increase of 46.7% from the August 31st total of 7,020,000 shares. Based on an average trading volume of 2,810,000 shares, the short-interest ratio is currently 3.7 days. Based on an average trading volume of 2,810,000 shares, the short-interest ratio is currently 3.7 days.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 205,550 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total value of $7,243,582.00. Following the completion of the sale, the director directly owned 7,968,167 shares in the company, valued at $280,798,205.08. This represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.38, for a total value of $171,345.34. Following the transaction, the chief accounting officer owned 12,116 shares in the company, valued at $428,664.08. This trade represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,789,843 shares of company stock worth $62,262,672. 17.00% of the stock is owned by insiders.

Institutional Trading of APi Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in APi Group by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company's stock worth $1,199,357,000 after buying an additional 453,543 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of APi Group by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company's stock valued at $581,073,000 after acquiring an additional 621,761 shares in the last quarter. Durable Capital Partners LP raised its stake in shares of APi Group by 19.2% during the second quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company's stock valued at $542,333,000 after acquiring an additional 1,712,397 shares in the last quarter. State Street Corp grew its stake in APi Group by 83.2% in the second quarter. State Street Corp now owns 7,150,845 shares of the company's stock worth $365,051,000 after purchasing an additional 3,247,126 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in APi Group by 75.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company's stock worth $241,997,000 after purchasing an additional 2,906,783 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of APi Group in a research note on Saturday, September 27th. Barclays restated an "overweight" rating and issued a $42.00 price objective (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Wall Street Zen raised APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Royal Bank Of Canada reissued an "outperform" rating and issued a $34.67 price target on shares of APi Group in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.10.

APi Group Trading Down 1.7%

Shares of APi Group stock traded down $0.59 on Tuesday, reaching $34.38. The company had a trading volume of 739,644 shares, compared to its average volume of 2,949,230. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 107.42 and a beta of 1.62. The firm's 50-day moving average price is $35.08 and its two-hundred day moving average price is $31.45. APi Group has a 1 year low of $20.50 and a 1 year high of $36.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business's revenue for the quarter was up 15.0% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that APi Group will post 1.83 earnings per share for the current fiscal year.

APi Group Company Profile

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.

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