Findlay Park Partners LLP Grows Stake in APi Group Corporation $APG

Key Points

• Findlay Park Partners LLP increased its stake in APi Group Corporation by 1.4%, owning 6,445,948 shares, making the stock their 12th largest position.
• APi Group's recent quarterly earnings report showed earnings per share of $0.39, exceeding expectations and reflecting a year-over-year revenue increase of 15.0%.
• Institutional investors own about 86.62% of APi Group's stock, indicating significant confidence in the company's future prospects.

Findlay Park Partners LLP raised its holdings in APi Group Corporation (NYSE:APG - Free Report) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,445,948 shares of the company's stock after buying an additional 86,600 shares during the quarter. APi Group comprises 2.4% of Findlay Park Partners LLP's investment portfolio, making the stock its 12th largest position. Findlay Park Partners LLP owned approximately 2.33% of APi Group worth $230,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cresset Asset Management LLC increased its position 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 valued at $382,000 after buying an additional 374 shares during the period. Captrust Financial Advisors boosted its position in APi Group by 50.0% during the 4th quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock valued at $522,000 after acquiring an additional 4,839 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of APi Group by 7.1% during the 1st quarter. Russell Investments Group Ltd. now owns 249,077 shares of the company's stock worth $8,907,000 after acquiring an additional 16,419 shares during the period. Cetera Investment Advisers raised its position in shares of APi Group by 85.6% in the 4th quarter. Cetera Investment Advisers now owns 63,123 shares of the company's stock worth $2,271,000 after acquiring an additional 29,104 shares in the last quarter. Finally, Comerica Bank lifted its stake in shares of APi Group by 18.9% in the 4th quarter. Comerica Bank now owns 10,264 shares of the company's stock valued at $369,000 after purchasing an additional 1,631 shares during the period. Institutional investors own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on APG shares. Royal Bank Of Canada reissued an "outperform" rating and set a $34.67 price objective on shares of APi Group in a research report on Friday, June 27th. 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. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock 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. Finally, Robert W. Baird lifted their target price on shares of APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $36.10.

Insider Activity

In related news, Director James E. Lillie sold 190,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the sale, the director directly owned 7,443,101 shares of the company's stock, valued at $259,615,362.88. This trade represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 205,550 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total value of $7,243,582.00. Following the completion of the transaction, the director directly owned 7,968,167 shares of the company's stock, valued at approximately $280,798,205.08. This trade represents a 2.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 589,843 shares of company stock valued at $20,694,672 over the last ninety days. 17.00% of the stock is currently owned by corporate insiders.

APi Group Stock Down 0.5%

Shares of APG traded down $0.20 on Friday, hitting $35.72. 2,259,810 shares of the stock traded hands, compared to its average volume of 2,528,976. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55. The company has a market capitalization of $14.85 billion, a PE ratio of 111.61 and a beta of 1.56. The business has a 50 day simple moving average of $34.81 and a 200 day simple moving average of $29.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The company's revenue was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast that APi Group Corporation will post 1.83 earnings per share 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.