APi Group Corporation $APG Shares Acquired by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in APi Group Corporation by 73.6%, owning 178,117 shares valued at approximately $6.37 million after purchasing an additional 75,490 shares.
• Multiple institutional investors have also expanded their holdings in APi Group, with Durable Capital Partners LP raising its position by 78.0% and Bessemer Group Inc. increasing its stake by an astonishing 479,614.2% during the same period.
• APi Group's recent earnings showed a net margin of 3.35% and a revenue increase of 15.0% year-over-year, with the company posting earnings per share of $0.39, exceeding estimates.

Goldman Sachs Group Inc. increased its position in APi Group Corporation (NYSE:APG - Free Report) by 73.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,117 shares of the company's stock after buying an additional 75,490 shares during the period. Goldman Sachs Group Inc. owned about 0.06% of APi Group worth $6,369,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Signaturefd LLC raised its position in shares of 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 buying an additional 256 shares during the last quarter. Amalgamated Bank increased its position in APi Group by 2.3% during the first quarter. Amalgamated Bank now owns 12,253 shares of the company's stock worth $438,000 after purchasing an additional 279 shares during the last quarter. PNC Financial Services Group Inc. increased its position 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. Cresset Asset Management LLC increased its position in APi Group by 3.6% during the first quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock worth $382,000 after purchasing an additional 374 shares during the last quarter. Finally, State of Wyoming increased its position in APi Group by 10.7% during the first quarter. State of Wyoming now owns 4,106 shares of the company's stock worth $147,000 after purchasing an additional 397 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Robert W. Baird upped their price target on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.67 price target on shares of APi Group in a research 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 stock a "buy" rating in a research report on Thursday, May 22nd. UBS Group upped their price target on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Zacks Research downgraded shares of APi Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.10.

Insider Activity

In other news, Director James E. Lillie sold 190,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $34.88, for a total value of $6,627,200.00. Following the completion of the transaction, the director directly owned 7,443,101 shares in the company, valued at approximately $259,615,362.88. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the transaction, the director owned 7,968,167 shares in the company, valued at $280,798,205.08. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last ninety days. 17.00% of the stock is owned by company insiders.

APi Group Trading Down 0.8%

APG traded down $0.30 during trading on Friday, hitting $35.18. 578,276 shares of the company's stock were exchanged, compared to its average volume of 3,002,278. The firm has a market cap of $14.63 billion, a P/E ratio of 109.94 and a beta of 1.61. The stock has a 50 day moving average price of $35.12 and a 200 day moving average price of $30.53. 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 1 year low of $20.50 and a 1 year high of $36.55.

APi Group (NYSE:APG - Get Free Report) last announced its 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 business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that APi Group Corporation will post 1.83 EPS for the current fiscal 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.