14,670 Shares in APi Group Corporation $APG Acquired by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. invested $525,000 in APi Group Corporation by acquiring 14,670 shares during the first quarter, according to their recent SEC filing.
• A number of large investors have significantly increased their holdings in APi Group, with Price T Rowe Associates raising theirs by 20.0% and Durable Capital Partners LP increasing by 199.8% in the fourth quarter.
• Analysts are optimistic about APi Group, with eight firms rating the stock as a "Buy" and raising price targets, including JPMorgan Chase increasing theirs from $31.00 to $42.00.

Fox Run Management L.L.C. bought a new position in shares of APi Group Corporation (NYSE:APG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,670 shares of the company's stock, valued at approximately $525,000.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of APi Group by 6.7% during the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company's stock valued at $145,000 after acquiring an additional 256 shares during the period. Amalgamated Bank increased its stake in APi Group by 2.3% in the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company's stock valued at $438,000 after purchasing an additional 279 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in APi Group by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company's stock worth $194,000 after purchasing an additional 303 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in APi Group by 40.5% during the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock worth $60,000 after purchasing an additional 482 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its position in APi Group by 3.5% during the first quarter. Dynasty Wealth Management LLC now owns 14,474 shares of the company's stock worth $518,000 after purchasing an additional 495 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Trading Up 0.5%

NYSE:APG traded up $0.1740 on Monday, reaching $35.9340. The stock had a trading volume of 2,313,941 shares, compared to its average volume of 2,816,660. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $36.55. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 112.30 and a beta of 1.56. The firm's fifty day moving average is $34.57 and its two-hundred day moving average is $29.41. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The company's revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling at APi Group

In other APi Group news, CAO James Arseniadis sold 4,843 shares of the business's stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 12,116 shares in the company, valued at approximately $428,664.08. The trade was a 28.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Lillie sold 190,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $34.88, for a total value of $6,627,200.00. Following the sale, the director owned 7,443,101 shares in the company, valued at $259,615,362.88. This trade represents a 2.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 589,843 shares of company stock worth $20,694,672. Insiders own 17.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APG. Robert W. Baird raised their price target on APi Group from $31.3333 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $34.6667 target price on shares of APi Group in a report on Friday, June 27th. Truist Financial upped their price target on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of APi Group from a "neutral" rating to an "overweight" rating and increased their price target for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Finally, Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target 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.