Select Equity Group L.P. Purchases 1,217,554 Shares of APi Group Corporation $APG

Key Points

• Select Equity Group L.P. increased its stake in APi Group Corporation by 36.9%, acquiring an additional 1,217,554 shares, bringing its total ownership to approximately 4.52 million shares worth $161.7 million.
• Several hedge funds have adjusted their positions in APi Group, with Durable Capital Partners LP notably increasing its stake by 78.0%, while Price T Rowe Associates and Janus Henderson Group also reported significant increases.
• APi Group recently reported a 15.0% year-over-year increase in revenue for the last quarter, surpassing analyst expectations with $1.99 billion in revenue and an earnings per share of $0.39.

Select Equity Group L.P. lifted its holdings in APi Group Corporation (NYSE:APG - Free Report) by 36.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,521,352 shares of the company's stock after buying an additional 1,217,554 shares during the quarter. Select Equity Group L.P. owned about 1.63% of APi Group worth $161,684,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. SVB Wealth LLC bought a new position in APi Group in the first quarter valued at about $38,000. GAMMA Investing LLC increased its holdings in APi Group by 105.5% in the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after purchasing an additional 785 shares during the last quarter. Versant Capital Management Inc increased its holdings in APi Group by 339.0% in the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock valued at $58,000 after purchasing an additional 1,261 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in APi Group by 40.5% in the first 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 last quarter. Finally, Signaturefd LLC increased its holdings in APi Group by 6.7% in the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock valued at $145,000 after purchasing an additional 256 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Stock Performance

Shares of APG traded down $0.38 during midday trading on Friday, reaching $35.23. The stock had a trading volume of 370,484 shares, compared to its average volume of 3,030,619. The firm has a market cap of $14.65 billion, a PE ratio of 110.21 and a beta of 1.61. The firm has a 50 day simple moving average of $35.05 and a 200-day simple moving average of $30.22. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87.

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

Insiders Place Their Bets

In related news, Director Martin E. Franklin sold 1,200,000 shares of APi Group stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the completion of the transaction, the director owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director owned 7,968,167 shares of the company's stock, valued at $280,798,205.08. The trade was a 2.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,789,843 shares of company stock worth $62,262,672. Company insiders own 17.00% of the company's stock.

Analyst Upgrades and Downgrades

APG has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Robert W. Baird lifted 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. UBS Group lifted 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. JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target 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.