Taikang Asset Management Hong Kong Co Ltd Buys 94,289 Shares of APi Group Corporation $APG

Key Points

• Taikang Asset Management Hong Kong Co Ltd increased its stake in APi Group Corporation by 98.2% in the first quarter, acquiring an additional 94,289 shares.
• APi Group's stock has a market capitalization of $14.87 billion, with a P/E ratio of 111.72 and a recent share price increase of 0.9%.
• Analysts have a consensus "Buy" rating for APi Group, with an average price target of $36.10, as several firms have recently raised their targets for the stock.

Taikang Asset Management Hong Kong Co Ltd increased its holdings in APi Group Corporation (NYSE:APG - Free Report) by 98.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,289 shares of the company's stock after purchasing an additional 94,289 shares during the period. APi Group makes up 0.9% of Taikang Asset Management Hong Kong Co Ltd's investment portfolio, making the stock its 29th biggest holding. Taikang Asset Management Hong Kong Co Ltd owned 0.07% of APi Group worth $6,805,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of APG. Cresset Asset Management LLC lifted its position in APi Group by 3.6% during the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock worth $382,000 after acquiring an additional 374 shares during the last quarter. Captrust Financial Advisors lifted its position in APi Group by 50.0% during the 4th quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock worth $522,000 after acquiring an additional 4,839 shares during the last quarter. Russell Investments Group Ltd. lifted its position in APi Group by 7.1% during the 1st quarter. Russell Investments Group Ltd. now owns 249,077 shares of the company's stock worth $8,907,000 after acquiring an additional 16,419 shares during the last quarter. Cetera Investment Advisers lifted its position in APi Group by 85.6% during the 4th quarter. Cetera Investment Advisers now owns 63,123 shares of the company's stock worth $2,271,000 after acquiring an additional 29,104 shares during the last quarter. Finally, Comerica Bank lifted its position in APi Group by 18.9% during the 4th quarter. Comerica Bank now owns 10,264 shares of the company's stock worth $369,000 after acquiring an additional 1,631 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 95,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the sale, the director directly owned 7,348,101 shares of the company's stock, valued at approximately $258,873,598.23. This represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 205,550 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the sale, the director directly owned 7,968,167 shares in the company, valued at $280,798,205.08. This represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 589,843 shares of company stock valued at $20,694,672. 17.00% of the stock is currently owned by insiders.

APi Group Price Performance

NYSE:APG traded down $0.20 during mid-day trading on Friday, hitting $35.72. The company's stock had a trading volume of 2,259,810 shares, compared to its average volume of 2,528,976. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $14.85 billion, a price-to-earnings ratio of 111.61 and a beta of 1.56. The stock has a fifty day moving average of $34.81 and a 200-day moving average of $29.68.

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 for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The company's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior 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, equities analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on APG shares. UBS Group boosted their target price 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. Truist Financial boosted their target price 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. Royal Bank Of Canada reissued an "outperform" rating and set a $34.67 target price on shares of APi Group in a research report on Friday, June 27th. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $31.00 to $42.00 in a research report on Tuesday, July 15th. Finally, Barclays reaffirmed an "overweight" rating and set a $42.00 price objective (up previously from $40.00) on shares of APi Group in a research report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target 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.