BW Gestao de Investimentos Ltda. Acquires New Shares in APi Group Corporation $APG

Key Points

• BW Gestao de Investimentos Ltda. acquired 399,230 shares of APi Group Corporation, valued at approximately $14.3 million, making APi Group 0.4% of their portfolio.
• Major institutional investors, including Price T Rowe Associates Inc. and Durable Capital Partners LP, significantly increased their stakes in APi Group in the first quarter of 2023.
• APi Group's stock has seen a favorable outlook from analysts, with multiple firms raising their ratings and target prices recently, including Truist Financial and JPMorgan Chase.

BW Gestao de Investimentos Ltda. acquired a new stake in APi Group Corporation (NYSE:APG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 399,230 shares of the company's stock, valued at approximately $14,276,000. APi Group comprises 0.4% of BW Gestao de Investimentos Ltda.'s holdings, making the stock its 24th biggest position. BW Gestao de Investimentos Ltda. owned approximately 0.14% of APi Group at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of APi Group by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company's stock worth $581,073,000 after purchasing an additional 621,761 shares during the period. Janus Henderson Group PLC raised its position in APi Group by 19.2% during the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock worth $359,811,000 after purchasing an additional 1,611,744 shares during the last quarter. Durable Capital Partners LP lifted its holdings in APi Group by 78.0% during the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company's stock worth $318,663,000 after buying an additional 3,903,632 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of APi Group by 75.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company's stock valued at $241,997,000 after buying an additional 2,906,783 shares during the last quarter. Finally, Findlay Park Partners LLP increased its stake in shares of APi Group by 1.4% in the first quarter. Findlay Park Partners LLP now owns 6,445,948 shares of the company's stock valued at $230,507,000 after buying an additional 86,600 shares during the period. 86.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Truist Financial upped their target price on 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 upped their price objective for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. 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. Finally, Robert W. Baird increased their price target on APi Group from $31.33 to $34.00 and gave the stock an "outperform" 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 a consensus target price of $36.10.

Insider Activity

In other APi Group news, Director James E. Lillie sold 95,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total value of $3,346,850.00. Following the transaction, the director directly owned 7,348,101 shares in the company, valued at $258,873,598.23. The trade was a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James Arseniadis sold 4,843 shares of the 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 transaction, the chief accounting officer directly owned 12,116 shares of the company's stock, valued at approximately $428,664.08. This trade represents a 28.56% 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 in the last ninety days. 17.00% of the stock is currently owned by insiders.

APi Group Stock Performance

Shares of APG opened at $34.82 on Wednesday. The stock has a 50-day moving average of $34.87 and a 200-day moving average of $29.82. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55. 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 company has a market cap of $14.48 billion, a PE ratio of 108.82 and a beta of 1.61.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business's revenue 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, equities research analysts predict that APi Group Corporation will post 1.83 EPS for the current fiscal year.

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.

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