67,900 Shares in APi Group Corporation $APG Acquired by Louisiana State Employees Retirement System

Key Points

• The Louisiana State Employees Retirement System acquired 67,900 shares of APi Group Corporation valued at approximately $3.47 million, indicating increased institutional investment in the company.
• Several equities research analysts have upgraded APi Group's stock, with JPMorgan raising the rating to "overweight" and setting a target price of $42.00.
• In recent insider activity, Director Ian G. H. Ashken sold 205,550 shares, and Director Martin E. Franklin sold 1.2 million shares, resulting in significant reductions in their ownership stakes.

Louisiana State Employees Retirement System acquired a new position in APi Group Corporation (NYSE:APG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 67,900 shares of the company's stock, valued at approximately $3,466,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new position in APi Group in the 2nd quarter worth approximately $226,000. KLP Kapitalforvaltning AS boosted its stake in APi Group by 1.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 43,000 shares of the company's stock worth $2,195,000 after purchasing an additional 500 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of APi Group during the 2nd quarter valued at $718,000. 111 Capital acquired a new stake in shares of APi Group during the 2nd quarter valued at $340,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of APi Group during the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 86.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on APG shares. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Weiss Ratings reissued a "hold (c+)" rating on shares of APi Group in a research note on Wednesday. Barclays reissued an "overweight" rating and set a $42.00 target price (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Zacks Research lowered shares of APi Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Finally, Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.10.

Insider Activity

In related news, Director Ian G. H. Ashken sold 205,550 shares of APi Group stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the transaction, the director owned 7,968,167 shares in the company, valued at $280,798,205.08. This trade represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Martin E. Franklin sold 1,200,000 shares of APi Group stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the completion of the transaction, the director owned 19,868,790 shares in the company, valued at $688,254,885.60. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,789,843 shares of company stock worth $62,262,672. Insiders own 17.00% of the company's stock.

APi Group Stock Down 1.0%

APi Group stock opened at $35.02 on Friday. The company has a market capitalization of $14.56 billion, a P/E ratio of 109.44 and a beta of 1.62. The firm's fifty day simple moving average is $35.07 and its 200-day simple moving average is $31.56. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $36.55.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $1.99 billion for 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%. APi Group's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts forecast that APi Group Corporation 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.

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