Russell Investments Group Ltd. Grows Stake in APi Group Corporation $APG

Key Points

• Russell Investments Group Ltd. has increased its stake in APi Group Corporation by 7.1%, now holding approximately 249,077 shares valued at $8.9 million.
• APi Group has received positive ratings from multiple analysts, with price targets being increased to as high as $42.00, and most analysts rating the stock as a "Buy."
• In recent trading, APi Group's stock opened at $35.35 and has experienced a 0.5% decline, amid strong revenue growth reported in earnings results.

Russell Investments Group Ltd. lifted its stake in APi Group Corporation (NYSE:APG - Free Report) by 7.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,077 shares of the company's stock after purchasing an additional 16,419 shares during the period. Russell Investments Group Ltd. owned 0.09% of APi Group worth $8,907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of APi Group by 105.5% in the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock worth $55,000 after purchasing an additional 785 shares in the last quarter. Versant Capital Management Inc increased its stake in APi Group by 339.0% in the 1st quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock worth $58,000 after buying an additional 1,261 shares in the last quarter. First Horizon Advisors Inc. increased its stake in APi Group by 40.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock worth $60,000 after buying an additional 482 shares in the last quarter. Signaturefd LLC increased its stake in APi Group by 6.7% in the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company's stock worth $145,000 after buying an additional 256 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in APi Group by 1,341.9% in the 1st quarter. Farther Finance Advisors LLC now owns 5,162 shares of the company's stock worth $185,000 after buying an additional 4,804 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APG has been the subject of a number of analyst reports. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Robert W. Baird increased their price target on APi Group from $31.3333 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $31.00 to $42.00 in a research note on Tuesday, July 15th. Barclays reiterated an "overweight" rating and issued a $42.00 price target (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Finally, Truist Financial increased their price target on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $36.10.

Insider Buying and Selling

In related news, Director Ian G. H. Ashken sold 205,550 shares of APi Group 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 completion of the transaction, the director owned 7,968,167 shares in the company, valued at approximately $280,798,205.08. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Lillie sold 190,000 shares of APi Group stock in a transaction dated 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 completion of the transaction, the director owned 7,443,101 shares of the company's stock, valued at approximately $259,615,362.88. This represents a 2.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 589,843 shares of company stock worth $20,694,672. Corporate insiders own 17.00% of the company's stock.

APi Group Price Performance

Shares of APi Group stock traded up $0.1740 during trading on Monday, reaching $35.9340. 2,313,941 shares of the stock traded hands, compared to its average volume of 2,816,660. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 112.30 and a beta of 1.56. The business has a fifty day simple moving average of $34.57 and a two-hundred day simple moving average of $29.41. 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 52-week low of $20.50 and a 52-week high of $36.55.

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