Fox Run Management L.L.C. Makes New Investment in APi Group Corporation $APG

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. purchased a new stake in shares of APi Group Corporation (NYSE:APG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,670 shares of the company's stock, valued at approximately $525,000.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in APi Group by 105.5% in the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after acquiring an additional 785 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of APi Group by 339.0% in the 1st quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock worth $58,000 after purchasing an additional 1,261 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of APi Group by 40.5% in the 1st 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 period. Signaturefd LLC lifted its stake in APi Group by 6.7% in the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock valued at $145,000 after purchasing an additional 256 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in APi Group by 1,341.9% during the first quarter. Farther Finance Advisors LLC now owns 5,162 shares of the company's stock valued at $185,000 after purchasing an additional 4,804 shares during the period. Institutional investors own 86.62% of the company's stock.

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction on 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 sale, the director owned 7,968,167 shares in the company, valued at approximately $280,798,205.08. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.38, for a total value of $171,345.34. Following the sale, the chief accounting officer directly owned 12,116 shares of the company's stock, valued at $428,664.08. This represents a 28.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 589,843 shares of company stock valued at $20,694,672. 17.00% of the stock is currently owned by company insiders.

APi Group Price Performance

Shares of APG stock traded up $0.31 during trading hours on Friday, reaching $35.75. The stock had a trading volume of 2,474,773 shares, compared to its average volume of 2,859,027. The stock's fifty day simple moving average is $34.50 and its 200 day simple moving average is $29.28. 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. The firm has a market capitalization of $14.87 billion, a PE ratio of 111.72 and a beta of 1.56.

APi Group (NYSE:APG - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. 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 prior year, the firm posted $0.49 EPS. APi Group's 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, equities research analysts predict that APi Group Corporation will post 1.83 EPS for the current year.

Analysts Set New Price Targets

APG has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $34.6667 target price on shares of APi Group in a research report on Friday, June 27th. Wall Street Zen raised APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Robert W. Baird upped their price objective on shares of APi Group from $31.3333 to $34.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Barclays reiterated an "overweight" rating and set a $42.00 target price (up previously from $40.00) on shares of APi Group in a research report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, APi Group presently has a consensus rating of "Buy" and a consensus target price of $36.10.

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.