APi Group Corporation $APG Stake Increased by Invesco Ltd.

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. boosted its stake in APi Group Corporation (NYSE:APG - Free Report) by 553.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,125,213 shares of the company's stock after purchasing an additional 953,143 shares during the quarter. Invesco Ltd. owned about 0.41% of APi Group worth $40,238,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of APG. Raymond James Financial Inc. purchased a new stake in APi Group in the fourth quarter valued at approximately $7,427,000. CANADA LIFE ASSURANCE Co grew its holdings in APi Group by 3.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 59,931 shares of the company's stock valued at $2,154,000 after purchasing an additional 2,055 shares during the period. Forum Financial Management LP purchased a new stake in APi Group in the fourth quarter valued at approximately $210,000. Dimensional Fund Advisors LP grew its holdings in APi Group by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,631,047 shares of the company's stock valued at $94,640,000 after purchasing an additional 177,947 shares during the period. Finally, Natixis purchased a new stake in APi Group in the fourth quarter valued at approximately $536,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at APi Group

In other news, CAO James Arseniadis sold 4,843 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.38, for a total transaction of $171,345.34. Following the transaction, the chief accounting officer directly owned 12,116 shares of the company's stock, valued at approximately $428,664.08. The trade was a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 205,550 shares of the business's stock in a transaction on 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 transaction, the director directly owned 7,968,167 shares in the company, valued at approximately $280,798,205.08. The trade was a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 589,843 shares of company stock valued at $20,694,672. Corporate insiders own 17.00% of the company's stock.

APi Group Trading Up 0.9%

APG stock traded up $0.31 during midday trading on Friday, reaching $35.75. 2,474,773 shares of the company's stock traded hands, compared to its average volume of 2,859,027. The company has a market capitalization of $14.87 billion, a P/E ratio of 111.72 and a beta of 1.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The business has a 50-day moving average price of $34.50 and a two-hundred day moving average price of $29.31.

APi Group (NYSE:APG - Get Free Report) last posted its 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 net margin of 3.35% and a return on equity of 21.33%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The business'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. Equities research analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on APG shares. UBS Group boosted their target price on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Robert W. Baird lifted their price target on shares of APi Group from $31.3333 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.6667 price target on shares of APi Group in a research report on Friday, June 27th. Finally, Truist Financial lifted their price target on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus 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.