Rathbones Group PLC Raises Stake in APi Group Corporation $APG

Key Points

• Rathbones Group PLC increased its stake in APi Group by 215.7% in Q4 to 211,909 shares (about $8.11M), while other institutions like Invesco and Arrowstreet also added sizable positions, leaving institutional ownership at roughly 86.6%.
• Company insiders sold large blocks of stock this quarter — including Ian Ashken (~72,546 shares, ~$3.12M) and Martin Franklin (3,000,000 shares, ~$122.64M) — with insiders selling a total of 3,682,000 shares (~$152.33M) and continuing to hold about 17% of the shares.
• Analysts are broadly positive: multiple brokerages raised price targets and issued Buy/Outperform ratings, giving APi Group a consensus “Moderate Buy” and a target price of $48.57; the company also reported Q4 revenue up 13.8% and an EPS beat ($0.44 vs. $0.40).

Rathbones Group PLC raised its position in APi Group Corporation (NYSE:APG - Free Report) by 215.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,909 shares of the company's stock after acquiring an additional 144,789 shares during the quarter. Rathbones Group PLC owned approximately 0.05% of APi Group worth $8,108,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in APG. AQR Capital Management LLC purchased a new position in APi Group in the first quarter worth approximately $650,000. Goldman Sachs Group Inc. lifted its stake in APi Group by 73.6% in the first quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock worth $6,369,000 after acquiring an additional 75,490 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in APi Group in the second quarter worth approximately $13,932,000. Invesco Ltd. lifted its stake in APi Group by 39.9% in the second quarter. Invesco Ltd. now owns 1,574,220 shares of the company's stock worth $80,364,000 after acquiring an additional 449,007 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in APi Group by 547.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company's stock worth $65,000 after acquiring an additional 1,078 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 72,546 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.94, for a total value of $3,115,125.24. Following the completion of the sale, the director owned 10,561,284 shares in the company, valued at $453,501,534.96. This represents a 0.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin E. Franklin sold 3,000,000 shares of the company's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the completion of the sale, the director owned 21,240,426 shares of the company's stock, valued at approximately $868,308,614.88. This trade represents a 12.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,682,000 shares of company stock worth $152,333,385. 17.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APG. Citigroup lifted their price target on shares of APi Group from $49.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. UBS Group boosted their price objective on shares of APi Group from $49.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Truist Financial boosted their price objective on shares of APi Group from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Royal Bank Of Canada boosted their price objective on shares of APi Group from $45.00 to $53.00 and gave the stock an "outperform" rating in a research report on Thursday, February 26th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of APi Group in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $48.57.

APi Group Stock Up 0.4%

Shares of NYSE:APG opened at $42.20 on Tuesday. The company has a market capitalization of $18.21 billion, a PE ratio of -55.77, a P/E/G ratio of 2.51 and a beta of 1.68. The company has a current ratio of 1.50, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $46.89. The firm has a 50 day simple moving average of $42.60 and a 200-day simple moving average of $39.43.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.09 billion. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The company's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, equities analysts predict that APi Group Corporation will post 1.83 EPS for the current fiscal year.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.

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