Focus Partners Wealth Boosts Stake 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 raised its position in shares of APi Group Corporation (NYSE:APG - Free Report) by 19.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,781 shares of the company's stock after buying an additional 41,044 shares during the period. Focus Partners Wealth owned about 0.09% of APi Group worth $9,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of APG. Durable Capital Partners LP boosted its position in shares of APi Group by 78.0% during the first 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. boosted its position in shares of APi Group by 75.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company's stock worth $241,997,000 after buying an additional 2,906,783 shares during the period. Bessemer Group Inc. boosted its position in shares of APi Group by 479,614.2% during the first quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company's stock worth $102,929,000 after buying an additional 2,877,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 buying an additional 1,495,268 shares during the period. Finally, Select Equity Group L.P. boosted its position in shares of APi Group by 36.9% during the first quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company's stock worth $161,684,000 after buying an additional 1,217,554 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 190,000 shares of the company's 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 completion of the sale, the director directly owned 7,443,101 shares in the company, valued at $259,615,362.88. This represents a 2.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Martin E. Franklin sold 1,200,000 shares of the company's stock in a transaction on 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 sale, the director owned 19,868,790 shares of the company's stock, 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. In the last quarter, insiders sold 1,789,843 shares of company stock worth $62,262,672. 17.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APG. JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.67 target price on shares of APi Group in a report on Friday, June 27th. Truist Financial lifted 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. Robert W. Baird lifted their target price on APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Barclays reiterated an "overweight" rating and issued a $42.00 target price (up from $40.00) on shares of APi Group in a report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, APi Group has an average rating of "Moderate Buy" and an average price target of $36.10.

APi Group Price Performance

Shares of NYSE:APG traded up $0.81 during trading on Thursday, hitting $35.50. 2,338,773 shares of the stock were exchanged, compared to its average volume of 2,438,972. The company has a fifty day moving average price of $35.12 and a two-hundred day moving average price of $30.53. The company has a market cap of $14.76 billion, a PE ratio of 110.94 and a beta of 1.61. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $36.55.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The company's quarterly 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, analysts forecast that APi Group Corporation will post 1.83 EPS for the current 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.