4D Advisors LLC bought a new stake in shares of APi Group Corporation (NYSE:APG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 110,000 shares of the company's stock, valued at approximately $3,934,000. APi Group comprises 3.1% of 4D Advisors LLC's holdings, making the stock its 15th largest holding.
A number of other hedge funds have also added to or reduced their stakes in APG. Durable Capital Partners LP increased its stake in shares of APi Group by 78.0% in the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company's stock worth $318,663,000 after purchasing an additional 3,903,632 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of APi Group by 75.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company's stock valued at $241,997,000 after acquiring an additional 2,906,783 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of APi Group by 479,614.2% during the 1st quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company's stock valued at $102,929,000 after purchasing an additional 2,877,685 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of APi Group by 19.2% during the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock valued at $359,811,000 after purchasing an additional 1,611,744 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of APi Group by 553.9% during the 1st quarter. Invesco Ltd. now owns 1,125,213 shares of the company's stock valued at $40,238,000 after purchasing an additional 953,143 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. UBS Group increased their price objective on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Truist Financial increased their price objective on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and increased their price target for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $34.67 price target on shares of APi Group in a report on Friday, June 27th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $36.10.
Read Our Latest Stock Report on APi Group
Insider Activity at APi Group
In other news, CAO James Arseniadis sold 4,843 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.38, for a total transaction of $171,345.34. Following the transaction, the chief accounting officer directly owned 12,116 shares of the company's stock, valued at approximately $428,664.08. This trade represents a 28.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Lillie sold 190,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the transaction, the director directly owned 7,443,101 shares in the company, valued at approximately $259,615,362.88. This trade represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,789,843 shares of company stock valued at $62,262,672. 17.00% of the stock is owned by insiders.
APi Group Trading Up 1.3%
NYSE APG traded up $0.46 during trading on Thursday, hitting $35.05. The stock had a trading volume of 2,133,622 shares, compared to its average volume of 2,431,582. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 109.52 and a beta of 1.61. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55. The stock has a 50 day simple moving average of $34.92 and a 200 day simple moving average of $29.92.
APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.
APi Group Profile
(
Free Report)
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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