Focus Partners Wealth Has $9.11 Million Holdings in APi Group Corporation $APG

Key Points

• Focus Partners Wealth increased its stake in APi Group Corporation (NYSE:APG) by 19.2% during the first quarter, now holding 254,781 shares valued at about $9.11 million.
• APi Group reported a 15.0% year-over-year revenue increase, achieving $1.99 billion for the quarter, and beat earnings expectations with $0.39 EPS.
• Over 86.62% of APi Group's stock is owned by institutional investors, indicating strong institutional interest in the company.

Focus Partners Wealth grew its holdings in shares of APi Group Corporation (NYSE:APG - Free Report) by 19.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 254,781 shares of the company's stock after acquiring an additional 41,044 shares during the quarter. Focus Partners Wealth owned about 0.09% of APi Group worth $9,111,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in APi Group by 114.4% during the 1st 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 acquiring an additional 1,495,268 shares during the period. Goldman Sachs Group Inc. boosted its position in APi Group by 73.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock worth $6,369,000 after acquiring an additional 75,490 shares during the period. Select Equity Group L.P. boosted its position in APi Group by 36.9% during the 1st quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company's stock worth $161,684,000 after acquiring an additional 1,217,554 shares during the period. BW Gestao de Investimentos Ltda. acquired a new position in APi Group during the 1st quarter worth $14,276,000. Finally, AQR Capital Management LLC acquired a new position in APi Group during the 1st quarter worth $650,000. Institutional investors and hedge funds own 86.62% of the company's stock.

APi Group Stock Down 0.6%

NYSE:APG traded down $0.22 during trading hours on Tuesday, hitting $35.04. 1,625,762 shares of the company's stock traded hands, compared to its average volume of 3,024,925. The firm has a market cap of $14.57 billion, a P/E ratio of 109.50 and a beta of 1.61. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45. The stock's fifty day moving average price is $35.08 and its two-hundred day moving average price is $30.40.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm 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 quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO James Arseniadis sold 4,843 shares of the company's stock in a transaction on Monday, August 4th. The stock was 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin E. Franklin sold 1,200,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total value of $41,568,000.00. Following the completion of the transaction, the director directly owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last ninety days. Corporate insiders own 17.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. raised 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. Robert W. Baird boosted their price objective on APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $42.00 price objective (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. UBS Group boosted their price objective on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised APi Group from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $36.10.

APi Group 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.