Teachers Retirement System of The State of Kentucky Buys 46,342 Shares of APi Group Corporation $APG

Key Points

• Teachers Retirement System of Kentucky increased its stake in APi Group by 67.8%, buying 46,342 shares and bringing its holding to 114,737 shares valued at about $3.94 million.
• Company insiders sold roughly 682,000 shares (~$29.7M) in the last quarter — including two directors who sold ~660,000 shares (~$28.7M) — a sizable near‑term supply signal even though insiders still hold 17% of the stock.
• APi Group beat quarterly estimates (EPS $0.44 vs. $0.40; revenue $2.12B vs. $2.09B, revenue +13.8% YoY) and several analysts raised price targets, leaving a consensus rating of Moderate Buy with an average target of $48.57.

Teachers Retirement System of The State of Kentucky increased its position in APi Group Corporation (NYSE:APG - Free Report) by 67.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,737 shares of the company's stock after buying an additional 46,342 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in APi Group were worth $3,943,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APG. Vanguard Group Inc. boosted its holdings in APi Group by 49.6% in the third quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company's stock worth $1,207,719,000 after acquiring an additional 11,644,990 shares in the last quarter. Durable Capital Partners LP lifted its holdings in shares of APi Group by 19.2% in the 2nd quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company's stock worth $542,333,000 after purchasing an additional 1,712,397 shares in the last quarter. Findlay Park Partners LLP lifted its holdings in shares of APi Group by 13.1% in the 3rd quarter. Findlay Park Partners LLP now owns 7,540,068 shares of the company's stock worth $259,152,000 after purchasing an additional 873,420 shares in the last quarter. Artisan Partners Limited Partnership grew its position in APi Group by 49.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 7,292,986 shares of the company's stock valued at $250,660,000 after purchasing an additional 2,414,841 shares during the period. Finally, State Street Corp increased its stake in APi Group by 83.2% during the 2nd quarter. State Street Corp now owns 7,150,845 shares of the company's stock valued at $365,051,000 after purchasing an additional 3,247,126 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

Key Stories Impacting APi Group

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

• Positive Sentiment: SouthernSun Asset Management highlighted APi Group as having a long runway for double‑digit EPS growth in its Q4 2025 SMID Cap investor letter — a fundamental bullish note that could support analyst sentiment and long‑term investor interest. Read More.
• Negative Sentiment: Multiple large director sales: Ian G. H. Ashken sold a total of 300,000 APG shares across Mar 2–4 for roughly $13.1M in proceeds (average prices ~$44.29–$42.94). Director James E. Lillie sold a total of 360,000 shares over the same period for roughly $15.7M. Combined, ~660,000 shares were sold (~$28.7M)—each trade trimmed ownership by ~1% or less, but the concentrated, consecutive selling by two directors is a clear near‑term negative signal and may weigh on sentiment and intraday trading. The filings remain consistent with planned liquidity/diversification rather than an exit (both directors continue to hold large residual positions), but the scale and timing increase short‑term supply. SEC filings: Ashken Read More., Lillie Read More.

Insider Transactions at APi Group

In related news, SVP Louis Lambert sold 22,000 shares of APi Group stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $44.71, for a total value of $983,620.00. Following the sale, the senior vice president owned 16,148 shares of the company's stock, valued at approximately $721,977.08. The trade was a 57.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 72,546 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.94, for a total value of $3,115,125.24. Following the transaction, the director directly owned 10,561,284 shares of the company's stock, valued at approximately $453,501,534.96. This trade represents a 0.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 682,000 shares of company stock worth $29,693,385 in the last quarter. Insiders own 17.00% of the company's stock.

APi Group Stock Down 0.4%

APG stock opened at $43.11 on Thursday. The stock has a market cap of $18.60 billion, a P/E ratio of -56.97, a P/E/G ratio of 2.58 and a beta of 1.69. The company has a current ratio of 1.50, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81. The stock's fifty day simple moving average is $42.51 and its two-hundred day simple moving average is $38.46. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $46.89.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.09 billion. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Analysts expect that APi Group Corporation will post 1.83 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on APG shares. Truist Financial upped their price objective on shares of APi Group from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Weiss Ratings reissued a "hold (c+)" rating on shares of APi Group in a research report on Monday, December 22nd. UBS Group raised their price target on shares of APi Group from $49.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Barclays lifted their price target on APi Group from $44.00 to $52.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th. Finally, Citigroup boosted their price objective on APi Group from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $48.57.

About APi Group

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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