Northern Trust Corp Buys 51,932 Shares of APi Group Corporation $APG

Key Points

• Northern Trust Corp increased its stake in APi Group by 4.0%, now owning 1,338,675 shares valued at approximately $47.87 million.
• Analysts have issued positive ratings for APi Group, with a consensus rating of "Buy" and a target price of $36.10.
• In recent insider activity, Directors James E. Lillie and Ian G. H. Ashken sold a significant number of shares, reflecting a slight decrease in their ownership stakes.

Northern Trust Corp raised its position in shares of APi Group Corporation (NYSE:APG - Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,338,675 shares of the company's stock after purchasing an additional 51,932 shares during the quarter. Northern Trust Corp owned about 0.48% of APi Group worth $47,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC lifted its position in shares of APi Group by 39.6% during the 1st quarter. Algert Global LLC now owns 144,025 shares of the company's stock valued at $5,150,000 after acquiring an additional 40,880 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of APi Group by 2.4% during the 1st quarter. Raymond James Financial Inc. now owns 211,376 shares of the company's stock valued at $7,559,000 after acquiring an additional 4,906 shares during the last quarter. Cresset Asset Management LLC lifted its position in shares of APi Group by 3.6% during the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock valued at $382,000 after acquiring an additional 374 shares during the last quarter. Ethic Inc. lifted its position in shares of APi Group by 19.2% during the 1st quarter. Ethic Inc. now owns 30,698 shares of the company's stock valued at $1,102,000 after acquiring an additional 4,951 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of APi Group during the 1st quarter valued at $525,000. 86.62% of the stock is owned by institutional investors.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 95,000 shares of APi Group 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 approximately $258,873,598.23. This trade represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 205,550 shares of APi Group stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the sale, the director directly owned 7,968,167 shares of the company's stock, valued at approximately $280,798,205.08. The trade was a 2.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 589,843 shares of company stock valued at $20,694,672. Insiders own 17.00% of the company's stock.

APi Group Stock Down 0.5%

Shares of APG traded down $0.20 during mid-day trading on Monday, reaching $35.72. The company's stock had a trading volume of 2,259,810 shares, compared to its average volume of 2,473,451. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 111.61 and a beta of 1.61. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $36.55. 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 business has a fifty day moving average of $34.81 and a 200 day moving average of $29.71.

APi Group (NYSE:APG - Get Free Report) last released 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. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on APG. Royal Bank Of Canada reiterated an "outperform" rating and set a $34.67 price objective on shares of APi Group in a research report on Friday, June 27th. Truist Financial increased their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, Robert W. Baird increased their target price on APi Group from $31.33 to $34.00 and gave the company an "outperform" 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 has an average rating of "Buy" and an average 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.