APi Group Corporation $APG Shares Acquired by Russell Investments Group Ltd.

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% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,077 shares of the company's stock after buying an additional 16,419 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of APi Group worth $8,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in APi Group by 6.7% during the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock valued at $145,000 after acquiring an additional 256 shares during the period. Amalgamated Bank boosted its stake in shares of APi Group by 2.3% in the first quarter. Amalgamated Bank now owns 12,253 shares of the company's stock worth $438,000 after acquiring an additional 279 shares during the period. PNC Financial Services Group Inc. grew its position in shares of APi Group by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company's stock worth $194,000 after purchasing an additional 303 shares in the last quarter. First Horizon Advisors Inc. raised its stake in APi Group by 40.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock valued at $60,000 after purchasing an additional 482 shares during the period. Finally, Dynasty Wealth Management LLC lifted its holdings in APi Group by 3.5% in the 1st quarter. Dynasty Wealth Management LLC now owns 14,474 shares of the company's stock worth $518,000 after purchasing an additional 495 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Up 0.9%

NYSE APG traded up $0.31 on Friday, hitting $35.75. The stock had a trading volume of 2,474,773 shares, compared to its average volume of 2,859,027. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $36.55. The business's fifty day moving average price is $34.50 and its 200 day moving average price is $29.28. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 111.72 and a beta of 1.56.

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

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 205,550 shares of the company'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 transaction, the director owned 7,968,167 shares in the company, valued at approximately $280,798,205.08. This represents a 2.51% decrease in their position. The sale was disclosed in a document filed 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 on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the completion of the transaction, the director directly owned 7,348,101 shares of the company's stock, valued at approximately $258,873,598.23. This represents a 1.28% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 589,843 shares of company stock worth $20,694,672. Insiders own 17.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays reaffirmed an "overweight" rating and set a $42.00 price objective (up from $40.00) on shares of APi Group in a report on Monday, August 4th. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. upgraded shares of APi Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Robert W. Baird increased their price objective on shares of APi Group from $31.3333 to $34.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, UBS Group raised their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $36.10.

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.