Goldman Sachs Group Inc. Has $6.37 Million Stock Holdings in APi Group Corporation $APG

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. lifted its holdings in shares of APi Group Corporation (NYSE:APG - Free Report) by 73.6% in the first quarter, according to the company in its most recent 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 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of APG. Cresset Asset Management LLC raised its holdings in shares of APi Group by 3.6% in the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock valued at $382,000 after purchasing an additional 374 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of APi Group by 114.4% in 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 valued at $100,227,000 after purchasing an additional 1,495,268 shares during the period. Amundi bought a new stake in shares of APi Group in the 1st quarter valued at about $10,733,000. Captrust Financial Advisors raised its holdings in shares of APi Group by 50.0% in the 4th quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock valued at $522,000 after purchasing an additional 4,839 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of APi Group by 7.1% in the 1st quarter. Russell Investments Group Ltd. now owns 249,077 shares of the company's stock valued at $8,907,000 after purchasing an additional 16,419 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of NYSE:APG traded down $0.22 on Tuesday, reaching $35.04. 1,625,762 shares of the company's stock were exchanged, compared to its average volume of 2,458,330. The company has a fifty day moving average of $35.10 and a 200-day moving average of $30.43. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 109.50 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 (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) 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 firm 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 business posted $0.49 EPS. The business's revenue was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts predict that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APG. UBS Group upped their target price 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. Robert W. Baird upped their target price on shares of APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $34.67 price target on shares of APi Group in a report on Friday, June 27th. Truist Financial increased 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. Finally, JPMorgan Chase & Co. raised 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 report on Tuesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, APi Group has an average rating of "Buy" and a consensus target price of $36.10.

Insider Buying and Selling at APi Group

In related news, Director Martin E. Franklin sold 1,200,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the sale, the director owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their position. The transaction 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 stock in a transaction that occurred 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 sale, the director owned 7,443,101 shares in the company, valued at $259,615,362.88. This represents a 2.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,789,843 shares of company stock worth $62,262,672. 17.00% of the stock is currently owned by company insiders.

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.