California State Teachers Retirement System Raises Holdings in APi Group Corporation $APG

Key Points

• Institutional ownership increased: California State Teachers Retirement System raised its APi Group stake by 22.3% to 411,451 shares, while institutional investors collectively own 86.62% of the stock.
• Quarterly results exceeded expectations: APi Group reported $0.44 in EPS and $2.25 billion in revenue, surpassing estimates and marking 13.3% year-over-year revenue growth.
• Analyst outlook remains positive: The stock carries a “Moderate Buy” consensus rating with an average $52.50 price target, although some analysts recently downgraded their views to “Hold.”

California State Teachers Retirement System grew its stake in APi Group Corporation (NYSE:APG - Free Report) by 22.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 411,451 shares of the company's stock after buying an additional 75,069 shares during the quarter. California State Teachers Retirement System owned 0.09% of APi Group worth $16,672,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in APG. AQR Capital Management LLC acquired a new position in APi Group during the 1st quarter worth approximately $650,000. Goldman Sachs Group Inc. raised its holdings in shares of APi Group by 73.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock valued at $6,369,000 after purchasing an additional 75,490 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of APi Group by 547.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company's stock worth $65,000 after purchasing an additional 1,078 shares during the last quarter. First Trust Advisors LP grew its stake in shares of APi Group by 166.5% during the second quarter. First Trust Advisors LP now owns 173,569 shares of the company's stock worth $8,861,000 after purchasing an additional 108,447 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in APi Group by 5.7% in the second quarter. Cresset Asset Management LLC now owns 11,305 shares of the company's stock valued at $577,000 after buying an additional 612 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on APG shares. Wall Street Zen cut APi Group from a "buy" rating to a "hold" rating in a research report on Saturday. Citigroup reissued a "buy" rating and set a $54.00 target price (up from $53.00) on shares of APi Group in a research report on Friday. Weiss Ratings cut APi Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, June 11th. Robert W. Baird set a $47.00 price target on APi Group in a report on Friday. Finally, UBS Group set a $52.00 price target on shares of APi Group in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.50.

APi Group Trading Up 0.4%

Shares of APi Group stock opened at $39.83 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.39. The company has a market capitalization of $17.26 billion, a P/E ratio of -59.45, a PEG ratio of 2.32 and a beta of 1.60. APi Group Corporation has a 1 year low of $33.40 and a 1 year high of $49.99. The company's fifty day moving average is $41.31 and its two-hundred day moving average is $42.70.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The business had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. Analysts forecast that APi Group Corporation will post 1.71 earnings per share for the current year.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 59,461 shares of APi Group stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $45.50, for a total value of $2,705,475.50. Following the transaction, the director directly owned 9,237,350 shares in the company, valued at approximately $420,299,425. This trade represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 65,534 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $45.49, for a total value of $2,981,141.66. Following the completion of the transaction, the director directly owned 9,477,284 shares in the company, valued at approximately $431,121,649.16. The trade was a 0.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,147,643 shares of company stock valued at $90,855,891 in the last quarter. 18.70% of the stock is currently owned by insiders.

More APi Group News

Here are the key news stories impacting APi Group this week:

• Positive Sentiment: Raised 2026 outlook: APi now forecasts 2026 net revenue of $8.875 billion to $9.025 billion and adjusted EBITDA of $1.205 billion to $1.245 billion, with the EBITDA outlook increased from its prior forecast. APi forecasts 2026 net revenues and raises adjusted EBITDA outlook
• Positive Sentiment: Solid Q2 performance: APi reported earnings of $0.44 per share, slightly above the $0.43 analyst consensus, while revenue reached $2.25 billion, ahead of the $2.20 billion estimate and up 13.3% year over year. APi Group second-quarter earnings report
• Positive Sentiment: Operating momentum continued: Management cited more than 10% organic revenue growth, year-over-year adjusted EBITDA margin expansion and continued strength in inspection, service and monitoring activities. Third-quarter revenue guidance of approximately $2.4 billion also exceeds the roughly $2.2 billion consensus estimate. APi Group reports record second-quarter results
• Neutral Sentiment: Results broadly met expectations: Zacks characterized the $0.44 EPS result as in line with its consensus estimate, meaning the positive reaction is driven more by revenue growth, margins and raised guidance than by a major earnings surprise. APi Q2 earnings match estimates

About APi Group

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.

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