Sumitomo Mitsui DS Asset Management Company Ltd Purchases New Position in APi Group Corporation $APG

Key Points

• Sumitomo Mitsui DS Asset Management opened a new position in APi Group, buying 146,177 shares valued at about $5.6 million in the fourth quarter.
• APi Group’s stock was down 3.5% to $44.68, though the company remains near its 52-week high of $49.99 and has a market value of about $19.36 billion.
• The company recently reported better-than-expected quarterly results, with EPS of $0.32 topping estimates and revenue of $1.98 billion, up 15.3% year over year, while analysts maintain a Moderate Buy consensus target of $52.14.

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of APi Group Corporation (NYSE:APG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 146,177 shares of the company's stock, valued at approximately $5,593,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in APG. AQR Capital Management LLC bought a new stake in shares of APi Group during the 1st quarter valued at approximately $650,000. Goldman Sachs Group Inc. boosted its position in APi Group by 73.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock worth $6,369,000 after buying an additional 75,490 shares during the period. EverSource Wealth Advisors LLC boosted its position in APi Group by 547.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company's stock worth $65,000 after buying an additional 1,078 shares during the period. First Trust Advisors LP boosted its position in APi Group by 166.5% during the 2nd quarter. First Trust Advisors LP now owns 173,569 shares of the company's stock worth $8,861,000 after buying an additional 108,447 shares during the period. Finally, Cresset Asset Management LLC boosted its position in APi Group by 5.7% during the 2nd quarter. Cresset Asset Management LLC now owns 11,305 shares of the company's stock worth $577,000 after buying an additional 612 shares during the period. 86.62% of the stock is owned by institutional investors.

APi Group Stock Down 3.5%

Shares of NYSE APG opened at $44.68 on Friday. The company has a market capitalization of $19.36 billion, a P/E ratio of -62.93, a price-to-earnings-growth ratio of 2.72 and a beta of 1.67. APi Group Corporation has a 52-week low of $28.87 and a 52-week high of $49.99. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.36 and a current ratio of 1.44. The company's 50 day moving average price is $43.75 and its 200-day moving average price is $41.18.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company earned $0.37 EPS. The company's revenue for the quarter was up 15.3% on a year-over-year basis. Equities analysts forecast that APi Group Corporation will post 1.7 earnings per share for the current year.

More APi Group News

Here are the key news stories impacting APi Group this week:

• Positive Sentiment: Strong fundamentals: APi reported record Q1 results with ~15% year‑over‑year revenue growth and beats on revenue and EPS, which underpins analyst upgrades and buy ratings. InsiderMonkey Article
• Neutral Sentiment: Debt issuance priced: APi DE priced $500 million of 5.75% senior notes due 2034 (100% of par). This increases long‑dated fixed‑rate debt (higher interest expense) but can be neutral if proceeds refinance more expensive debt or fund M&A; no use‑of‑proceeds detail was provided. Business Wire
• Neutral Sentiment: Many director sales executed under Rule 10b5‑1 plans, which often indicate scheduled liquidity rather than information‑driven selling; that reduces immediate signal strength. Representative SEC filing: SEC Filing
• Negative Sentiment: Large insider disposals: Director Ian G. H. Ashken sold ~1,084,000 shares (~$48.5M) on May 4–5, and Director James E. Lillie sold ~360,000 shares (~$16.2M) across May 4–5. Even though trades were via 10b5‑1 plans, the magnitude of these sales reduces insider ownership and can weigh on sentiment and near‑term price momentum. SEC filings: Ashken Form 4 (Ashken); Lillie Form 4 (Lillie)

Insider Activity at APi Group

In related news, Director Martin E. Franklin sold 3,000,000 shares of the business's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the transaction, the director owned 21,240,426 shares in the company, valued at $868,308,614.88. The trade was a 12.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 1,018,466 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $44.73, for a total transaction of $45,555,984.18. Following the transaction, the director owned 9,542,818 shares in the company, valued at $426,850,249.14. The trade was a 9.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,126,000 shares of company stock worth $217,071,030 in the last quarter. Company insiders own 18.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Robert W. Baird set a $52.00 target price on shares of APi Group in a research report on Friday, May 1st. Truist Financial set a $55.00 target price on shares of APi Group and gave the stock a "buy" rating in a research report on Friday, May 1st. Royal Bank Of Canada lifted their target price on shares of APi Group from $45.00 to $53.00 and gave the stock an "outperform" rating in a research report on Thursday, February 26th. Citigroup reiterated a "buy" rating and set a $53.00 target price (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.14.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.

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