Invesco Ltd. Grows Stock Position in APi Group Corporation $APG

Key Points

• Invesco Ltd. significantly increased its stake in APi Group Corporation by 553.9% in Q1, now owning over 1.1 million shares, valued at approximately $40 million.
• Several institutional investors also raised their positions, with GAMMA Investing LLC and Farther Finance Advisors LLC increasing holdings by 105.5% and 1,341.9%, respectively.
• Analysts have a positive outlook on APi Group, with the majority rating it as a "Buy"* and raising price targets, including a boost from JPMorgan Chase to $42.00.

Invesco Ltd. lifted its holdings in shares of APi Group Corporation (NYSE:APG - Free Report) by 553.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,125,213 shares of the company's stock after acquiring an additional 953,143 shares during the quarter. Invesco Ltd. owned 0.41% of APi Group worth $40,238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cynosure Group LLC increased its position in shares of APi Group by 19.4% during the first quarter. Cynosure Group LLC now owns 9,127 shares of the company's stock valued at $326,000 after acquiring an additional 1,486 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of APi Group by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,881,129 shares of the company's stock valued at $67,269,000 after acquiring an additional 41,643 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of APi Group by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company's stock valued at $194,000 after acquiring an additional 303 shares during the last quarter. TradeLink Capital LLC bought a new position in APi Group during the first quarter valued at $200,000. Finally, Natixis Advisors LLC grew its holdings in APi Group by 4.3% during the first quarter. Natixis Advisors LLC now owns 265,250 shares of the company's stock valued at $9,485,000 after purchasing an additional 10,947 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APG shares. UBS Group increased their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada reissued an "outperform" rating and set a $34.67 price objective on shares of APi Group in a report on Friday, June 27th. Wall Street Zen raised APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Robert W. Baird increased their price objective on APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Truist Financial increased their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $36.10.

APi Group Stock Performance

Shares of APi Group stock traded up $0.34 during trading hours on Tuesday, reaching $36.30. The company had a trading volume of 3,591,514 shares, compared to its average volume of 2,782,598. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55. The business has a fifty day simple moving average of $34.64 and a 200 day simple moving average of $29.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37. The firm has a market cap of $15.10 billion, a PE ratio of 113.43 and a beta of 1.56.

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

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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction on 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 disclosure for this sale can be found here. Over 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.

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.