APi Group Corporation $APG Shares Purchased by Resolute Capital Asset Partners LLC

Key Points

• Resolute Capital Asset Partners LLC increased its stake in APi Group by 154.5% in Q1, now holding 140,000 shares valued at approximately $5 million.
• Insider transactions revealed that directors sold a total of 589,843 shares, valued at over $20 million, indicating a 2.5% decrease in their respective positions.
• APi Group recently reported earnings of $0.39 per share for the last quarter, beating analysts' expectations, and has a consensus price target of $36.10 from multiple analysts.

Resolute Capital Asset Partners LLC increased its position in shares of APi Group Corporation (NYSE:APG - Free Report) by 154.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,000 shares of the company's stock after acquiring an additional 85,000 shares during the quarter. APi Group makes up about 2.8% of Resolute Capital Asset Partners LLC's portfolio, making the stock its 10th biggest holding. Resolute Capital Asset Partners LLC owned approximately 0.05% of APi Group worth $5,006,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of APG. Price T Rowe Associates Inc. MD lifted its position in APi Group by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company's stock valued at $581,073,000 after buying an additional 621,761 shares during the last quarter. Janus Henderson Group PLC lifted its position in APi Group by 19.2% in the fourth quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock valued at $359,811,000 after buying an additional 1,611,744 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted 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 valued at $241,997,000 after buying an additional 2,906,783 shares during the last quarter. Durable Capital Partners LP lifted its position in APi Group by 199.8% in the fourth quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company's stock valued at $180,121,000 after buying an additional 3,337,468 shares during the last quarter. Finally, Permian Investment Partners LP lifted its position in APi Group by 51.7% in the fourth quarter. Permian Investment Partners LP now owns 3,050,622 shares of the company's stock valued at $109,731,000 after buying an additional 1,040,000 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on APG shares. Truist Financial upped their target price on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $34.67 target price on shares of APi Group in a research report on Friday, June 27th. UBS Group upped their target price on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Finally, Robert W. Baird increased their price target on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, APi Group presently has a consensus rating of "Buy" and a consensus price target of $36.10.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO James Arseniadis sold 4,843 shares of the 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 completion of the transaction, the chief accounting officer owned 12,116 shares in the company, valued at $428,664.08. This represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 589,843 shares of company stock worth $20,694,672. Company insiders own 17.00% of the company's stock.

APi Group Stock Down 0.7%

Shares of APG stock traded down $0.27 during trading hours on Thursday, reaching $36.07. 671,317 shares of the stock were exchanged, compared to its average volume of 3,040,571. The business's fifty day moving average is $34.72 and its two-hundred day moving average is $29.50. 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 Corporation has a 12-month low of $20.50 and a 12-month high of $36.55. The firm has a market capitalization of $15.00 billion, a P/E ratio of 112.74 and a beta of 1.56.

APi Group (NYSE:APG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The business's quarterly 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. As a group, research analysts expect that APi Group Corporation will post 1.83 EPS for the current fiscal year.

APi Group 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.