Pelham Capital Ltd. Boosts Stock Holdings in APi Group Corporation $APG

Key Points

• Pelham Capital Ltd. increased its stake in APi Group by 31.5%, acquiring an additional 71,606 shares, bringing its total holdings to 299,020 shares valued at approximately $15.27 million.
• APi Group's stock reported a 0.2% increase with a current market value of $34.43, showing strong performance amid forecasts of $1.83 earnings per share for the fiscal year.
• Institutional investors own 86.62% of APi Group, indicating significant market interest, with analysts predicting robust growth and price target increases following recent positive earnings results.

Pelham Capital Ltd. lifted its holdings in APi Group Corporation (NYSE:APG - Free Report) by 31.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 299,020 shares of the company's stock after buying an additional 71,606 shares during the quarter. APi Group makes up 7.1% of Pelham Capital Ltd.'s portfolio, making the stock its 5th biggest position. Pelham Capital Ltd. owned approximately 0.07% of APi Group worth $15,265,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Durable Capital Partners LP lifted its position in APi Group by 78.0% in the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company's stock valued at $318,663,000 after purchasing an additional 3,903,632 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in APi Group by 75.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company's stock valued at $241,997,000 after purchasing an additional 2,906,783 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of APi Group by 479,614.2% during 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of APi Group by 114.4% during the first 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 buying an additional 1,495,268 shares during the last quarter. Finally, Select Equity Group L.P. raised its holdings in shares of APi Group by 36.9% during the first quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company's stock valued at $161,684,000 after buying an additional 1,217,554 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

APi Group Stock Up 0.2%

NYSE APG opened at $34.43 on Thursday. The company has a market capitalization of $14.32 billion, a P/E ratio of 107.58 and a beta of 1.62. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $36.55. The company's 50 day simple moving average is $35.09 and its 200 day simple moving average is $31.16. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The firm's revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ian G. H. Ashken sold 205,550 shares of the business'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 sale, the director owned 7,968,167 shares in the company, valued at $280,798,205.08. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James Arseniadis sold 4,843 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.38, for a total transaction of $171,345.34. Following the sale, the chief accounting officer owned 12,116 shares in the company, valued at $428,664.08. This represents a 28.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,789,843 shares of company stock worth $62,262,672 in the last quarter. 17.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on APG shares. JPMorgan Chase & Co. raised APi Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Zacks Research cut shares of APi Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Royal Bank Of Canada restated an "outperform" rating and set a $34.67 price target on shares of APi Group in a research report on Friday, June 27th. Finally, Barclays restated an "overweight" rating and set a $42.00 price target (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.10.

About APi Group

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.

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