UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Stake in APi Group Corporation $APG

Key Points

• UBS AM has significantly increased its stake in APi Group Corporation, acquiring 1,495,268 shares for a total ownership of approximately 1.01%, valued at $100.2 million.
• Insider trading activity included Director Ian G. H. Ashken selling 205,550 shares for over $7.2 million, reducing his ownership by 2.51%.
• APi Group's stock is currently valued at $34.90 with a market cap of $14.51 billion, and equates to an average analyst price target of $36.10, indicating a strong buy sentiment.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of APi Group Corporation (NYSE:APG - Free Report) by 114.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,802,773 shares of the company's stock after purchasing an additional 1,495,268 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.01% of APi Group worth $100,227,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew 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 valued at $6,369,000 after purchasing an additional 75,490 shares during the last quarter. Select Equity Group L.P. grew its position in APi Group by 36.9% during 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 purchasing an additional 1,217,554 shares during the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in APi Group during the 1st quarter valued at about $14,276,000. AQR Capital Management LLC bought a new position in APi Group during the 1st quarter valued at about $650,000. Finally, Alyeska Investment Group L.P. lifted its stake in APi Group by 3,967.8% during the 1st quarter. Alyeska Investment Group L.P. now owns 467,632 shares of the company's stock valued at $16,723,000 after acquiring an additional 456,136 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Performance

APi Group stock traded down $0.22 during midday trading on Tuesday, hitting $35.04. The stock had a trading volume of 1,625,757 shares, compared to its average volume of 3,024,925. The firm's fifty day moving average is $35.08 and its two-hundred day moving average is $30.40. The company has a market capitalization of $14.57 billion, a PE 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 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 released 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. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The firm's quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast 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 stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the completion of the sale, the director directly owned 7,968,167 shares of the company's stock, valued at approximately $280,798,205.08. This represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO James Arseniadis sold 4,843 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.38, for a total transaction of $171,345.34. Following the completion of the sale, the chief accounting officer directly owned 12,116 shares of the company's stock, valued at $428,664.08. This represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,789,843 shares of company stock valued at $62,262,672. 17.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Robert W. Baird upped their target price 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. Barclays restated an "overweight" rating and set a $42.00 target price (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Royal Bank Of Canada restated an "outperform" rating and set a $34.67 target price on shares of APi Group in a research note on Friday, June 27th. Finally, Truist Financial upped their target price on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, APi Group presently has an average rating of "Buy" and a consensus price target 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.