Counterpoint Mutual Funds LLC Makes New $760,000 Investment in APi Group Corporation $APG

Key Points

• Counterpoint Mutual Funds LLC made a new investment in APi Group Corporation worth approximately $760,000, acquiring 14,894 shares during the second quarter.
• Insider trading reports revealed significant stock sales, with CAO James Arseniadis selling 4,843 shares and Director James E. Lillie selling 95,000 shares, representing decreases in their holdings.
• APi Group's recent earnings report showed a quarterly revenue of $1.99 billion, exceeding analyst expectations, with earnings per share reported at $0.39.

Counterpoint Mutual Funds LLC acquired a new position in shares of APi Group Corporation (NYSE:APG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,894 shares of the company's stock, valued at approximately $760,000.

Several other hedge funds have also recently bought and sold shares of APG. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of APi Group by 114.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company's stock worth $100,227,000 after purchasing an additional 1,495,268 shares during the last quarter. Cresset Asset Management LLC grew its holdings in shares of APi Group by 3.6% during the first quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock worth $382,000 after purchasing an additional 374 shares during the last quarter. Amundi bought a new stake in shares of APi Group during the first quarter worth $10,733,000. Goldman Sachs Group Inc. grew its holdings in shares of APi Group by 73.6% during the first quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock worth $6,369,000 after purchasing an additional 75,490 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of APi Group by 7.1% during the first quarter. Russell Investments Group Ltd. now owns 249,077 shares of the company's stock worth $8,907,000 after purchasing an additional 16,419 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.38, for a total value of $171,345.34. Following the sale, the chief accounting officer owned 12,116 shares of the company's stock, valued at approximately $428,664.08. This trade represents a 28.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 95,000 shares of APi Group stock in a transaction that occurred on 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 completion of the sale, the director directly owned 7,348,101 shares in the company, valued at approximately $258,873,598.23. This represents a 1.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,789,843 shares of company stock worth $62,262,672. 17.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on APG. Zacks Research cut APi Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Royal Bank Of Canada restated an "outperform" rating and set a $34.67 target price on shares of APi Group in a report on Friday, June 27th. Barclays reiterated an "overweight" rating and issued a $42.00 price target (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, APi Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.10.

APi Group Trading Up 1.0%

NYSE APG opened at $35.29 on Tuesday. The firm has a market cap of $14.67 billion, a P/E ratio of 110.27 and a beta of 1.61. 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 stock's 50-day moving average is $35.14 and its 200-day moving average is $30.77. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55.

APi Group (NYSE:APG - Get Free Report) last released 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. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.APi Group's revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

APi Group Company 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.

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