Strs Ohio Takes $11.88 Million Position 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 bought a new position in shares of APi Group Corporation (NYSE:APG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 332,138 shares of the company's stock, valued at approximately $11,877,000. Strs Ohio owned 0.12% of APi Group as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in APi Group by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company's stock worth $581,073,000 after purchasing an additional 621,761 shares during the period. Durable Capital Partners LP boosted its position in shares of APi Group by 78.0% in the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company's stock valued at $318,663,000 after acquiring an additional 3,903,632 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of 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 acquiring an additional 2,906,783 shares during the period. Findlay Park Partners LLP boosted its position in shares of APi Group by 1.4% in the first quarter. Findlay Park Partners LLP now owns 6,445,948 shares of the company's stock valued at $230,507,000 after acquiring an additional 86,600 shares during the period. Finally, Select Equity Group L.P. boosted its position in shares of APi Group by 36.9% in the first quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company's stock valued at $161,684,000 after acquiring an additional 1,217,554 shares during the period. Institutional investors own 86.62% of the company's stock.

APi Group Stock Performance

APG stock traded down $0.22 during midday trading on Tuesday, hitting $35.04. The stock had a trading volume of 1,625,762 shares, compared to its average volume of 3,024,925. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 109.50 and a beta of 1.61. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $36.55. The stock has a 50-day simple moving average of $35.08 and a 200 day simple moving average of $30.40. 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 issued its earnings results on Thursday, July 31st. The company reported $0.39 EPS 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 during the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the business earned $0.49 earnings per share. APi Group'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, equities research analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on APG. JPMorgan Chase & Co. raised 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 report on Tuesday, July 15th. Robert W. Baird increased their price objective on APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Truist Financial increased 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. UBS Group increased 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. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $36.10.

Insider Buying and Selling

In other APi Group news, CAO James Arseniadis sold 4,843 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.38, for a total transaction of $171,345.34. Following the sale, the chief accounting officer directly owned 12,116 shares of the company's stock, valued at approximately $428,664.08. This represents a 28.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 205,550 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 1,789,843 shares of company stock valued at $62,262,672. 17.00% of the stock is owned by insiders.

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.