Alyeska Investment Group L.P. Buys 456,136 Shares of APi Group Corporation $APG

Key Points

• Alyeska Investment Group L.P. significantly increased its holdings in APi Group Corporation by 3,967.8% in the first quarter, now owning approximately 0.17% of the company worth $16.7 million.
• Insider trading activity included Director Martin E. Franklin selling 1.2 million shares for over $41 million, representing a 5.70% decrease in his position.
• APi Group reported a 15% year-over-year increase in revenue with earnings per share of $0.39, exceeding analysts' estimates, and the company received upgrades from several analysts with target prices now reaching $42.00.

Alyeska Investment Group L.P. grew its position in APi Group Corporation (NYSE:APG - Free Report) by 3,967.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 467,632 shares of the company's stock after purchasing an additional 456,136 shares during the period. Alyeska Investment Group L.P. owned approximately 0.17% of APi Group worth $16,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC raised its position in APi Group by 6.7% in the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock valued at $145,000 after purchasing an additional 256 shares during the period. Amalgamated Bank boosted its position in shares of APi Group by 2.3% during the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company's stock worth $438,000 after acquiring an additional 279 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of APi Group by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company's stock valued at $194,000 after purchasing an additional 303 shares during the period. Cresset Asset Management LLC boosted its position in shares of APi Group by 3.6% in the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock valued at $382,000 after purchasing an additional 374 shares during the period. Finally, State of Wyoming raised its stake in APi Group by 10.7% during the 1st quarter. State of Wyoming now owns 4,106 shares of the company's stock valued at $147,000 after acquiring an additional 397 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Stock Up 1.9%

Shares of NYSE APG traded up $0.65 during midday trading on Wednesday, reaching $35.44. 273,387 shares of the company's stock were exchanged, compared to its average volume of 3,026,173. 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 $14.74 billion, a PE ratio of 110.74 and a beta of 1.61. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $36.55. The business's fifty day moving average price is $35.00 and its two-hundred day moving average price is $30.12.

APi Group (NYSE:APG - Get Free Report) last issued 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 return on equity of 21.33% and a net margin of 3.35%.The business's revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts forecast that APi Group Corporation will post 1.83 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APG. Wall Street Zen raised APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Truist Financial raised their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued an "outperform" rating and set a $34.67 price target on shares of APi Group in a research report on Friday, June 27th. Robert W. Baird raised their price target on APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, UBS Group raised their price objective on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $36.10.

Insider Activity at APi Group

In other news, Director Martin E. Franklin sold 1,200,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total value of $41,568,000.00. Following the transaction, the director directly owned 19,868,790 shares of the company's stock, valued at approximately $688,254,885.60. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Lillie sold 95,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the completion of the sale, the director owned 7,348,101 shares of the company's stock, valued at $258,873,598.23. This represents a 1.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,789,843 shares of company stock worth $62,262,672 in the last quarter. 17.00% of the stock is owned by corporate insiders.

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.