APi Group Corporation $APG Stake Increased by Tema Etfs LLC

Key Points

• Tema Etfs LLC has significantly increased its stake in APi Group Corporation by 86%, making it the eighth largest position in their portfolio with approximately 2.6% of their holdings.
• Insiders have sold 589,843 shares of APi Group stock valued at over $20 million in the last 90 days, decreasing their ownership to 17.00%.
• APi Group reported earnings of $0.39 per share, exceeding expectations, and achieved a revenue of $1.99 billion, marking a 15% increase year-over-year.

Tema Etfs LLC raised its position in shares of APi Group Corporation (NYSE:APG - Free Report) by 86.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 240,400 shares of the company's stock after acquiring an additional 111,136 shares during the quarter. APi Group makes up approximately 2.6% of Tema Etfs LLC's holdings, making the stock its 8th largest position. Tema Etfs LLC owned 0.09% of APi Group worth $8,597,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of APG. SVB Wealth LLC purchased a new position in shares of APi Group during the first quarter valued at approximately $38,000. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 785 shares during the last quarter. Versant Capital Management Inc lifted its holdings 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 purchasing an additional 1,261 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings 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 purchasing an additional 482 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings 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 purchasing an additional 256 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Stock Performance

APG traded down $0.20 during mid-day trading on Monday, reaching $35.72. 2,259,810 shares of the company traded hands, compared to its average volume of 2,473,451. The stock has a market capitalization of $14.85 billion, a P/E ratio of 111.61 and a beta of 1.61. 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's fifty day moving average price is $34.81 and its 200-day moving average price is $29.71. 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 data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The company's revenue for the quarter was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that APi Group Corporation will post 1.83 EPS for the current year.

Insider Buying and Selling

In related news, CAO James Arseniadis sold 4,843 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.38, for a total value of $171,345.34. Following the sale, the chief accounting officer directly owned 12,116 shares of the company's stock, valued at $428,664.08. This represents a 28.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James E. Lillie sold 190,000 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the completion of the sale, the director directly owned 7,443,101 shares in the company, valued at $259,615,362.88. This trade represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 589,843 shares of company stock valued at $20,694,672. Company insiders own 17.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Robert W. Baird lifted their target price on shares of APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Truist Financial 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. Barclays restated an "overweight" rating and issued a $42.00 price objective (up from $40.00) on shares of APi Group in a report on Monday, August 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $34.67 price objective on shares of APi Group in a report on Friday, June 27th. Finally, 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. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, APi Group currently has an average rating of "Buy" and an average target price of $36.10.

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.