95,371 Shares in APi Group Corporation $APG Purchased by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP has acquired 95,371 shares in APi Group Corporation, a purchase valued at approximately $3.41 million.
• Several institutional investors, including The Manufacturers Life Insurance Company and Comerica Bank, have recently increased their holdings in APi Group, which is now predominantly owned by institutional investors at 86.62%.
• Brokerages, including Barclays and JPMorgan Chase & Co., have upgraded APi Group's stock rating to "overweight" with a consensus target price of $36.10.

Dark Forest Capital Management LP acquired a new position in APi Group Corporation (NYSE:APG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 95,371 shares of the company's stock, valued at approximately $3,410,000.

Other large investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of APi Group by 8.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 62,728 shares of the company's stock worth $2,256,000 after acquiring an additional 5,010 shares in the last quarter. Comerica Bank grew its stake in APi Group by 18.9% in the fourth quarter. Comerica Bank now owns 10,264 shares of the company's stock worth $369,000 after purchasing an additional 1,631 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in APi Group in the fourth quarter worth $307,000. Alyeska Investment Group L.P. bought a new position in APi Group in the fourth quarter worth $414,000. Finally, Algert Global LLC lifted its position in APi Group by 184.4% during the fourth quarter. Algert Global LLC now owns 103,145 shares of the company's stock valued at $3,710,000 after buying an additional 66,879 shares during the period. 86.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on APG. Barclays restated an "overweight" rating and set a $42.00 target price (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $31.00 to $42.00 in a research note on Tuesday, July 15th. UBS Group upped their price objective on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.67 target price on shares of APi Group in a research note on Friday, June 27th. Finally, Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $36.10.

APi Group Stock Performance

Shares of APG stock opened at $34.82 on Wednesday. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55. The company's 50-day moving average is $34.87 and its 200 day moving average is $29.82. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 108.82 and a beta of 1.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results 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. 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 during the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insider Transactions at APi Group

In other news, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 12,116 shares in the company, valued at $428,664.08. The trade was a 28.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 95,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the transaction, the director owned 7,348,101 shares in the company, valued at approximately $258,873,598.23. This trade represents a 1.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 589,843 shares of company stock worth $20,694,672 over the last three months. 17.00% of the stock is currently owned by company insiders.

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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