Algert Global LLC Boosts Holdings in APi Group Corporation $APG

Key Points

• Algert Global LLC increased its stake in APi Group Corporation by 39.6%, owning 144,025 shares valued at approximately $5.15 million as of its latest SEC filing.
• Multiple hedge funds have also significantly increased their holdings in APi Group, with ownership by institutional investors and hedge funds reaching 86.62% of the company's stock.
• Wall Street analysts have a positive outlook for APi Group, with a majority rating it as a "Buy" and raising price targets, including a notable increase by JPMorgan Chase from $31.00 to $42.00.

Algert Global LLC lifted its position in shares of APi Group Corporation (NYSE:APG - Free Report) by 39.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 144,025 shares of the company's stock after buying an additional 40,880 shares during the period. Algert Global LLC owned 0.05% of APi Group worth $5,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of APG. GAMMA Investing LLC lifted its stake in shares of APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after buying an additional 785 shares during the period. Versant Capital Management Inc lifted its stake in shares of APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock valued at $58,000 after buying an additional 1,261 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of APi Group by 40.5% during the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock valued at $60,000 after buying an additional 482 shares during the period. Signaturefd LLC lifted its stake in shares of APi Group by 6.7% during the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock valued at $145,000 after buying an additional 256 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of APi Group by 1,341.9% during the first quarter. Farther Finance Advisors LLC now owns 5,162 shares of the company's stock valued at $185,000 after buying an additional 4,804 shares during the period. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analyst Ratings Changes

APG has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Truist Financial raised their target price on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $42.00 target price (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Robert W. Baird raised their target price on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $34.67 target price on shares of APi Group in a research report on Friday, June 27th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $36.10.

Insider Activity

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 transaction of $171,345.34. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James E. Lillie sold 95,000 shares of APi Group 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 sale, the director owned 7,348,101 shares in the company, valued at $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 589,843 shares of company stock worth $20,694,672 over the last 90 days. Company insiders own 17.00% of the company's stock.

APi Group Trading Up 0.9%

APG stock traded up $0.34 during midday trading on Tuesday, reaching $36.30. 3,591,514 shares of the company's stock traded hands, compared to its average volume of 2,782,598. The company has a market capitalization of $15.10 billion, a P/E ratio of 113.43 and a beta of 1.56. 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 Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The business has a 50-day moving average price of $34.64 and a two-hundred day moving average price of $29.46.

APi Group (NYSE:APG - Get Free Report) last announced 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 firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations 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 was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

APi Group 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.