APi Group Corporation $APG Shares Bought by Taikang Asset Management Hong Kong Co Ltd

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 raised its holdings in APi Group Corporation (NYSE:APG - Free Report) by 98.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,289 shares of the company's stock after buying an additional 94,289 shares during the period. APi Group makes up approximately 0.9% of Taikang Asset Management Hong Kong Co Ltd's portfolio, making the stock its 29th largest position. Taikang Asset Management Hong Kong Co Ltd owned 0.07% of APi Group worth $6,805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APG. SVB Wealth LLC purchased a new position in APi Group in the 1st quarter valued at approximately $38,000. GAMMA Investing LLC boosted its position in APi Group by 105.5% in the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after buying an additional 785 shares during the period. Versant Capital Management Inc boosted its position in APi Group by 339.0% in the 1st quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock valued at $58,000 after buying an additional 1,261 shares during the period. First Horizon Advisors Inc. boosted its position in APi Group by 40.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock valued at $60,000 after buying an additional 482 shares during the period. Finally, Signaturefd LLC boosted its position in APi Group by 6.7% in the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company's stock valued at $145,000 after buying an additional 256 shares during the period. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Stock Performance

APG traded up $0.17 on Wednesday, reaching $36.40. The company had a trading volume of 2,581,902 shares, compared to its average volume of 2,811,179. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $36.55. The stock has a market capitalization of $15.14 billion, a PE ratio of 113.74 and a beta of 1.56. 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 stock has a 50-day moving average price of $34.72 and a 200-day moving average price of $29.50.

APi Group (NYSE:APG - Get Free Report) last announced 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 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 analysts' expectations of $1.88 billion. During the same period in the previous year, the company earned $0.49 earnings per share. APi Group's quarterly revenue 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. As a group, research analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on APG. Barclays reaffirmed 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. Truist Financial 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. Robert W. Baird lifted their price objective on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. 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. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.67 price objective 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, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $36.10.

Insider Activity at APi Group

In related 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 value of $7,243,582.00. Following the completion of the sale, the director directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Lillie sold 95,000 shares of the business's stock in a transaction on 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 completion of the sale, the director directly 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 disclosure for this sale can be found here. Insiders sold a total of 589,843 shares of company stock valued at $20,694,672 over the last ninety days. Insiders own 17.00% of the company's stock.

APi Group 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.