Lansing Management LP Cuts Holdings in APi Group Corporation $APG

Key Points

• Lansing Management LP reduced its holdings in APi Group Corporation by 2.0%, now owning 461,399 shares, which represents about 13.8% of its total holdings.
• APi Group reported a quarterly revenue of $1.99 billion, exceeding analyst expectations of $1.88 billion, and earnings per share (EPS) of $0.39, beating estimates by $0.02.
• Institutional investors own approximately 86.62% of APi Group's stock, indicating significant institutional interest in the company.

Lansing Management LP cut its position in shares of APi Group Corporation (NYSE:APG - Free Report) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 461,399 shares of the company's stock after selling 9,230 shares during the quarter. APi Group accounts for about 13.8% of Lansing Management LP's investment portfolio, making the stock its 5th largest holding. Lansing Management LP owned about 0.17% of APi Group worth $16,500,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in APG. Durable Capital Partners LP lifted its stake in APi Group by 199.8% during the fourth quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company's stock worth $180,121,000 after purchasing an additional 3,337,468 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in APi Group by 75.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company's stock worth $241,997,000 after buying an additional 2,906,783 shares during the period. Bessemer Group Inc. lifted its stake in APi Group by 479,614.2% in the first quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company's stock valued at $102,929,000 after buying an additional 2,877,685 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of APi Group by 19.2% during the fourth quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock valued at $359,811,000 after acquiring an additional 1,611,744 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of APi Group by 553.9% during the first quarter. Invesco Ltd. now owns 1,125,213 shares of the company's stock valued at $40,238,000 after acquiring an additional 953,143 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial boosted 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. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Barclays reissued an "overweight" rating and set a $42.00 price target (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. Royal Bank Of Canada reissued an "outperform" rating and set a $34.67 price target on shares of APi Group in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and upped their price objective for the stock 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, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $36.10.

APi Group Price Performance

NYSE:APG traded down $0.21 during mid-day trading on Wednesday, reaching $34.62. 2,318,568 shares of the stock were exchanged, compared to its average volume of 3,045,389. The business has a fifty day moving average price of $34.87 and a 200 day moving average price of $29.82. The firm has a market capitalization of $14.40 billion, a PE ratio of 108.18 and a beta of 1.61. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $36.55. 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 released 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. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.APi Group's revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.38, for a total value of $171,345.34. Following the transaction, the chief accounting officer 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 205,550 shares of APi Group stock in a transaction dated 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 completion of the transaction, the director directly owned 7,968,167 shares in the company, valued at $280,798,205.08. This represents a 2.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 589,843 shares of company stock valued at $20,694,672. 17.00% of the stock is owned by corporate insiders.

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.