Amundi Makes New Investment in APi Group Corporation $APG

Key Points

• Amundi has made a significant investment in APi Group Corporation, acquiring 316,520 shares valued at approximately $10.73 million, representing about 0.11% of the company.
• Several large investors have recently increased their positions in APi Group, with hedge funds and institutional investors currently owning 86.62% of the stock.
• Wall Street analysts show a positive sentiment towards APi Group, with upgrades leading to a consensus rating of "Buy" and a target price of $36.10 per share.

Amundi purchased a new stake in APi Group Corporation (NYSE:APG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 316,520 shares of the company's stock, valued at approximately $10,733,000. Amundi owned approximately 0.11% of APi Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Durable Capital Partners LP grew its position in APi Group by 78.0% during the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company's stock worth $318,663,000 after purchasing an additional 3,903,632 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in APi Group by 75.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company's stock worth $241,997,000 after purchasing an additional 2,906,783 shares in the last quarter. Bessemer Group Inc. grew its position in APi Group by 479,614.2% during the 1st quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company's stock worth $102,929,000 after purchasing an additional 2,877,685 shares in the last quarter. Invesco Ltd. grew its position in APi Group by 553.9% during the 1st quarter. Invesco Ltd. now owns 1,125,213 shares of the company's stock worth $40,238,000 after purchasing an additional 953,143 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in APi Group by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company's stock worth $581,073,000 after purchasing an additional 621,761 shares in the last quarter. Institutional investors own 86.62% of the company's stock.

APi Group Stock Down 2.0%

NYSE:APG traded down $0.71 during trading hours on Friday, reaching $34.90. The company's stock had a trading volume of 1,805,437 shares, compared to its average volume of 2,464,668. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 27.05 and a beta of 1.61. 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 one year low of $20.50 and a one year high of $36.55. The business's 50-day moving average is $35.05 and its 200-day moving average is $30.22.

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

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 205,550 shares of the business's stock in a transaction on 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 transaction, the director owned 7,968,167 shares of the company's stock, valued at $280,798,205.08. The trade was a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO James Arseniadis sold 4,843 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.38, for a total transaction of $171,345.34. Following the transaction, the chief accounting officer directly owned 12,116 shares of the company's stock, valued at approximately $428,664.08. This represents a 28.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,789,843 shares of company stock worth $62,262,672 in the last 90 days. Insiders own 17.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays reiterated an "overweight" rating and set a $42.00 price objective (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. UBS Group lifted their price objective 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. Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Truist Financial boosted 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. Finally, JPMorgan Chase & Co. upgraded shares of APi Group from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus 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.