Price T Rowe Associates Inc. MD Purchases 621,761 Shares of APi Group Corporation $APG

Key Points

• Price T Rowe Associates Inc. MD increased its holdings in APi Group by 4.0%, owning approximately 16.25 million shares valued at $581 million as of its latest SEC filing.
• APi Group reported a 15% revenue growth year-over-year, with a quarterly revenue of $1.99 billion, exceeding analysts' expectations of $1.88 billion.
• Several analysts have given APi Group stocks a consensus "Buy" rating, with target prices ranging from $34.00 to $42.00, reflecting positive investor sentiment.

Price T Rowe Associates Inc. MD raised its holdings in shares of APi Group Corporation (NYSE:APG - Free Report) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,249,205 shares of the company's stock after buying an additional 621,761 shares during the quarter. Price T Rowe Associates Inc. MD owned about 5.87% of APi Group worth $581,073,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co raised its stake in APi Group by 3.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 59,931 shares of the company's stock valued at $2,154,000 after purchasing an additional 2,055 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of APi Group by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,631,047 shares of the company's stock valued at $94,640,000 after purchasing an additional 177,947 shares during the period. Natixis acquired a new position in shares of APi Group in the fourth quarter valued at $536,000. OneDigital Investment Advisors LLC lifted its position in APi Group by 12.5% in the fourth quarter. OneDigital Investment Advisors LLC now owns 8,454 shares of the company's stock worth $304,000 after purchasing an additional 938 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in APi Group by 13.9% during the fourth quarter. Susquehanna International Group LLP now owns 453,005 shares of the company's stock worth $16,295,000 after buying an additional 55,286 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 205,550 shares of the 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 transaction, the director owned 7,968,167 shares of the company's stock, valued at approximately $280,798,205.08. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James E. Lillie sold 95,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total value of $3,346,850.00. Following the transaction, the director owned 7,348,101 shares in the company, valued at approximately $258,873,598.23. This trade represents a 1.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 589,843 shares of company stock valued at $20,694,672 over the last three months. Company insiders own 17.00% of the company's stock.

APi Group Trading Down 0.5%

Shares of NYSE:APG traded down $0.17 during trading on Thursday, hitting $36.18. 540,898 shares of the company's stock were exchanged, compared to its average volume of 3,039,933. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The firm has a market cap of $15.04 billion, a P/E ratio of 113.05 and a beta of 1.56. The firm has a 50-day moving average price of $34.72 and a two-hundred day moving average price of $29.50. 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 announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business's revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on APG shares. JPMorgan Chase & Co. upgraded shares of APi Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Truist Financial increased their price target on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.67 price objective on shares of APi Group in a report on Friday, June 27th. UBS Group raised their target price on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. 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 analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price 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.