UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $100.23 Million Position 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 increased its position in APi Group Corporation (NYSE:APG - Free Report) by 114.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,802,773 shares of the company's stock after purchasing an additional 1,495,268 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.01% of APi Group worth $100,227,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of APG. Durable Capital Partners LP grew its stake in APi Group by 78.0% in the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company's stock worth $318,663,000 after purchasing an additional 3,903,632 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in 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. Bessemer Group Inc. boosted its stake in APi Group by 479,614.2% in the first quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company's stock valued at $102,929,000 after acquiring an additional 2,877,685 shares during the period. Select Equity Group L.P. boosted its stake in 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. Finally, Invesco Ltd. boosted its stake in APi Group by 553.9% in the first quarter. Invesco Ltd. now owns 1,125,213 shares of the company's stock valued at $40,238,000 after acquiring an additional 953,143 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Price Performance

NYSE:APG traded up $0.81 during midday trading 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 one year low of $20.50 and a one year high of $36.55. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 110.94 and a beta of 1.61. The business has a 50-day moving average price of $35.12 and a two-hundred day moving average price of $30.53. 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 announced 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 for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm'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. Sell-side analysts predict that APi Group Corporation will post 1.83 EPS for the current year.

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 1,200,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total value of $41,568,000.00. Following the transaction, the director owned 19,868,790 shares of the company's stock, valued at approximately $688,254,885.60. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Lillie sold 190,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $34.88, for a total value of $6,627,200.00. Following the completion of the transaction, the director directly owned 7,443,101 shares in the company, valued at $259,615,362.88. This represents a 2.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,789,843 shares of company stock worth $62,262,672 over the last three months. Corporate insiders own 17.00% of the company's stock.

Wall Street Analyst Weigh In

APG has been the subject of a number of research reports. UBS Group lifted their target price on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird lifted their target price on APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Barclays restated an "overweight" rating and issued a $42.00 target price (up from $40.00) on shares of APi Group in a research note on Monday, August 4th. Finally, Truist Financial boosted their price objective on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.10.

APi Group Company 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.