Strs Ohio Makes New Investment in APi Group Corporation $APG

Key Points

• Strs Ohio has acquired an $11.88 million stake in APi Group Corporation, purchasing 332,138 shares valued at approximately $11,877,000, representing about 0.12% ownership.
• Recent brokerages have updated their ratings for APi Group, with a consensus rating of "Buy" and target prices ranging from $34.67 to $42.00.
• APi Group's stock has experienced a decrease of 2.0%, and the company reported a yearly revenue increase of 15.0%, with quarterly earnings exceeding analyst expectations.

Strs Ohio acquired a new stake in APi Group Corporation (NYSE:APG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 332,138 shares of the company's stock, valued at approximately $11,877,000. Strs Ohio owned about 0.12% of APi Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in APG. Focus Partners Wealth lifted its position in APi Group by 19.2% in the 1st quarter. Focus Partners Wealth now owns 254,781 shares of the company's stock valued at $9,111,000 after acquiring an additional 41,044 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in APi Group by 114.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company's stock valued at $100,227,000 after buying an additional 1,495,268 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in APi Group by 73.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock valued at $6,369,000 after buying an additional 75,490 shares during the last quarter. Select Equity Group L.P. grew its stake in APi Group by 36.9% in the 1st quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company's stock valued at $161,684,000 after buying an additional 1,217,554 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new stake in APi Group in the 1st quarter valued at about $14,276,000. 86.62% of the stock is owned by institutional investors.

APi Group Trading Up 2.3%

Shares of APG traded up $0.81 during trading hours on Thursday, hitting $35.50. 2,338,773 shares of the stock were exchanged, compared to its average volume of 2,438,972. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. 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 business has a 50-day moving average of $35.12 and a 200-day moving average of $30.53. The firm has a market capitalization of $14.76 billion, a P/E ratio of 110.94 and a beta of 1.61.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business 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. APi Group's 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. On average, research analysts expect that APi Group Corporation will post 1.83 EPS for the current year.

Insider Activity

In related news, Director Ian G. H. Ashken sold 205,550 shares of the firm's stock in a transaction dated 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 completion of the sale, 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 filing with the SEC, which is accessible through this link. Also, CAO James Arseniadis sold 4,843 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.38, for a total transaction of $171,345.34. Following the sale, the chief accounting officer owned 12,116 shares of the company's stock, valued at $428,664.08. This trade represents a 28.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,789,843 shares of company stock valued at $62,262,672 over the last ninety days. Company insiders own 17.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on APG shares. Truist Financial upped their price target on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.67 price target on shares of APi Group in a report on Friday, June 27th. Zacks Research downgraded shares of APi Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Finally, Robert W. Baird increased their price objective on shares of APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.10.

About APi Group

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.