Nuveen LLC Invests $19.06 Million in APi Group Corporation $APG

Key Points

• Nuveen LLC acquired a new stake in APi Group Corporation, purchasing 532,934 shares valued at approximately $19.06 million, representing about 0.19% of the company's stock.
• Research analysts recently upgraded APi Group's stock from a "hold" to a "buy" rating, with an average price target now at $36.10.
• APi Group reported a 15% increase in revenue year-over-year, with earnings per share of $0.39 for the last quarter, exceeding analysts' expectations.

Nuveen LLC purchased a new stake in shares of APi Group Corporation (NYSE:APG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 532,934 shares of the company's stock, valued at approximately $19,058,000. Nuveen LLC owned 0.19% of APi Group as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in APG. Durable Capital Partners LP grew its stake in shares of APi Group by 199.8% during the 4th quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company's stock valued at $180,121,000 after purchasing an additional 3,337,468 shares during the period. Bessemer Group Inc. grew its stake in shares of APi Group by 479,614.2% during the 1st quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company's stock valued at $102,929,000 after purchasing an additional 2,877,685 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of APi Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company's stock valued at $562,120,000 after purchasing an additional 2,602,758 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of APi Group by 100.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,860,463 shares of the company's stock valued at $138,861,000 after purchasing an additional 1,936,924 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of APi Group by 19.2% during the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock valued at $359,811,000 after purchasing an additional 1,611,744 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APG has been the subject of a number of recent research reports. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. UBS Group boosted their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird boosted their price objective on APi Group from $31.3333 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $34.6667 price objective on shares of APi Group in a research note on Friday, June 27th. Finally, Barclays reiterated an "overweight" rating and set a $42.00 price objective (up from $40.00) on shares of APi Group in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $36.10.

Insider Buying and Selling

In other news, CAO James Arseniadis sold 4,843 shares of the company'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 $428,664.08. This represents a 28.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Lillie sold 190,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $34.88, for a total value of $6,627,200.00. Following the sale, the director directly owned 7,443,101 shares in the company, valued at $259,615,362.88. This trade represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 589,843 shares of company stock valued at $20,694,672. Corporate insiders own 17.00% of the company's stock.

APi Group Price Performance

NYSE APG traded up $0.1740 during trading hours on Monday, reaching $35.9340. The company's stock had a trading volume of 2,313,941 shares, compared to its average volume of 2,816,660. The firm's 50-day moving average price is $34.57 and its 200-day moving average price is $29.41. The company has a quick ratio of 1.37, a current ratio of 1.45 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. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 112.30 and a beta of 1.56.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the previous year, the firm earned $0.49 EPS. The firm'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, equities research analysts predict 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.