Kingdon Capital Management L.L.C. Invests $9.83 Million in APi Group Corporation $APG

Key Points

• Kingdon Capital Management L.L.C. made a new investment of approximately $9.83 million in APi Group Corporation, acquiring 275,000 shares.
• APi Group's stock saw a 0.5% decrease to $35.72 with a market capitalization of $14.85 billion, and it has a price-to-earnings ratio of 111.61.
• Analysts have rated APi Group as a "Buy", with target prices ranging from $34.00 to $36.10, following recent earnings that surpassed expectations.

Kingdon Capital Management L.L.C. acquired a new position in shares of APi Group Corporation (NYSE:APG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 275,000 shares of the company's stock, valued at approximately $9,834,000. APi Group accounts for 1.0% of Kingdon Capital Management L.L.C.'s investment portfolio, making the stock its 24th biggest holding. Kingdon Capital Management L.L.C. owned 0.10% of APi Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in shares of APi Group by 6.7% in the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock worth $145,000 after acquiring an additional 256 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of APi Group by 2.3% in the first quarter. Amalgamated Bank now owns 12,253 shares of the company's stock worth $438,000 after acquiring an additional 279 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of APi Group by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company's stock worth $194,000 after acquiring an additional 303 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of APi Group by 3.6% in the first quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock worth $382,000 after acquiring an additional 374 shares during the last quarter. Finally, State of Wyoming lifted its holdings in shares of APi Group by 10.7% in the first quarter. State of Wyoming now owns 4,106 shares of the company's stock worth $147,000 after acquiring an additional 397 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of research reports. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. JPMorgan Chase & Co. upgraded shares of APi Group from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Barclays reiterated an "overweight" rating and issued a $42.00 price objective (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. UBS Group raised their price objective 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, Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.67 price objective on shares of APi Group in a report on Friday, June 27th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $36.10.

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 205,550 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 7,968,167 shares of the company's stock, valued at $280,798,205.08. This trade represents a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO James Arseniadis sold 4,843 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.38, for a total transaction of $171,345.34. Following the sale, the chief accounting officer directly owned 12,116 shares of the company's stock, valued at approximately $428,664.08. This trade represents a 28.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders 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 Trading Up 1.1%

NYSE:APG traded up $0.37 on Thursday, reaching $34.96. 654,202 shares of the stock traded hands, compared to its average volume of 3,039,865. The firm has a market capitalization of $14.54 billion, a price-to-earnings ratio of 109.30 and a beta of 1.61. The company's 50 day moving average is $34.89 and its 200-day moving average is $29.85. 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 released its earnings results 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 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 company's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that APi Group Corporation will post 1.83 EPS for the current fiscal year.

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.