APi Group Corporation $APG Shares Purchased by Alyeska Investment Group L.P.

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. increased its stake in APi Group Corporation (NYSE:APG - Free Report) by 3,967.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 467,632 shares of the company's stock after buying an additional 456,136 shares during the quarter. Alyeska Investment Group L.P. owned about 0.17% of APi Group worth $16,723,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SVB Wealth LLC purchased a new position in APi Group in the 1st quarter worth approximately $38,000. GAMMA Investing LLC lifted its position 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 worth $55,000 after purchasing an additional 785 shares in the last quarter. Versant Capital Management Inc lifted its position 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 worth $58,000 after purchasing an additional 1,261 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of APi Group by 40.5% in the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock valued at $60,000 after purchasing an additional 482 shares during the period. Finally, Signaturefd LLC grew its holdings in APi Group by 6.7% during the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company's stock valued at $145,000 after purchasing an additional 256 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Stock Performance

NYSE:APG traded down $0.05 during trading hours on Friday, reaching $34.97. 1,986,760 shares of the stock were exchanged, compared to its average volume of 2,427,764. The stock has a market capitalization of $14.54 billion, a P/E ratio of 26.55 and a beta of 1.61. The firm has a 50 day simple moving average of $34.95 and a 200-day simple moving average of $30.01. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $36.55.

APi Group (NYSE:APG - Get Free Report) last issued 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. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $0.49 EPS. The business's quarterly revenue was up 15.0% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 205,550 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the completion of the sale, the director owned 7,968,167 shares of the company's stock, valued at $280,798,205.08. This represents a 2.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin E. Franklin sold 1,200,000 shares of the stock in a transaction dated 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 sale, the director owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last three months. 17.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APG. UBS Group boosted 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. Robert W. Baird boosted their price target on APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. 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. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $34.67 target price on shares of APi Group in a research report on Friday, June 27th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $36.10.

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.