APi Group Corporation $APG Shares Sold by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP reduced its stake in APi Group Corporation by 37.2%, selling 78,299 shares, resulting in a total holding of 132,287 shares valued at $4.73 million.
• Other institutional investors showed increased interest, with GAMMA Investing LLC and Versant Capital Management Inc. boosting their stakes by 105.5% and 339.0%, respectively, during the same quarter.
• Insider transactions also occurred, with Director James E. Lillie selling 190,000 shares for approximately $6.63 million, reflecting a 2.49% decrease in his position.

Advantage Alpha Capital Partners LP trimmed its holdings in APi Group Corporation (NYSE:APG - Free Report) by 37.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,287 shares of the company's stock after selling 78,299 shares during the quarter. Advantage Alpha Capital Partners LP's holdings in APi Group were worth $4,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Cresset Asset Management LLC boosted its holdings in shares of APi Group by 3.6% in the first quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock worth $382,000 after buying an additional 374 shares during the last quarter. Captrust Financial Advisors raised its position in shares of APi Group by 50.0% during the fourth quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock valued at $522,000 after buying an additional 4,839 shares during the last quarter. Raymond James Financial Inc. bought a new stake in APi Group in the fourth quarter worth $7,427,000. Russell Investments Group Ltd. increased its position in APi Group by 7.1% in the first quarter. Russell Investments Group Ltd. now owns 249,077 shares of the company's stock worth $8,907,000 after purchasing an additional 16,419 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in APi Group by 85.6% in the fourth quarter. Cetera Investment Advisers now owns 63,123 shares of the company's stock worth $2,271,000 after purchasing an additional 29,104 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APG. Royal Bank Of Canada reissued an "outperform" rating and set a $34.67 target price on shares of APi Group in a research note on Friday, June 27th. Robert W. Baird boosted their target price on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Truist Financial raised their price target 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. Barclays reaffirmed an "overweight" rating and issued a $42.00 price objective (up previously from $40.00) on shares of APi Group in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. upgraded 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. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat, APi Group currently has an average rating of "Buy" and an average price target of $36.10.

Insider Activity at APi Group

In related news, CAO James Arseniadis sold 4,843 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.38, for a total value of $171,345.34. Following the sale, the chief accounting officer owned 12,116 shares in the company, valued at $428,664.08. This represents a 28.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Lillie sold 95,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total value of $3,346,850.00. Following the completion of the sale, the director owned 7,348,101 shares in the company, valued at approximately $258,873,598.23. This represents a 1.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 589,843 shares of company stock worth $20,694,672 over the last quarter. Insiders own 17.00% of the company's stock.

APi Group Stock Up 0.0%

Shares of APG traded up $0.00 during mid-day trading on Wednesday, hitting $36.23. 925,461 shares of the company traded hands, compared to its average volume of 3,044,368. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $36.55. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $15.07 billion, a PE ratio of 113.24 and a beta of 1.56. The business has a 50 day moving average of $34.64 and a 200 day moving average of $29.46.

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