Yousif Capital Management LLC Makes New Investment in APi Group Corporation $APG

Key Points

• Yousif Capital Management LLC has made a new investment in APi Group Corporation, purchasing 82,986 shares valued at approximately $4.2 million during the second quarter.
• Research analysts have a generally positive outlook on APi Group, with many upgrades; Barclays and JPMorgan have both set an overweight rating and increased their price target to $42.00.
• Insider activity shows significant selling, with two directors selling over $13 million worth of shares recently, reflecting a decrease in their ownership stakes.

Yousif Capital Management LLC bought a new position in shares of APi Group Corporation (NYSE:APG - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 82,986 shares of the company's stock, valued at approximately $4,236,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SVB Wealth LLC acquired a new position in APi Group during the 1st quarter worth $38,000. GAMMA Investing LLC boosted its position in APi Group by 105.5% in the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after buying an additional 785 shares during the last quarter. First Horizon Advisors Inc. boosted its position in APi Group by 40.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock valued at $60,000 after buying an additional 482 shares during the last quarter. Ulland Investment Advisors LLC boosted its position in APi Group by 41.5% in the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company's stock valued at $77,000 after buying an additional 440 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in APi Group in the 2nd quarter valued at $98,000. Institutional investors and hedge funds own 86.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on APG shares. Zacks Research lowered APi Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Weiss Ratings reiterated a "hold (c+)" rating on shares of APi Group in a research report on Wednesday, October 8th. Barclays restated an "overweight" rating and issued a $42.00 price objective (up from $40.00) on shares of APi Group in a report on Monday, August 4th. JPMorgan Chase & Co. upgraded shares of 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 report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.10.

Insider Activity

In related news, Director Ian G. H. Ashken sold 205,550 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the completion of the transaction, the director owned 7,968,167 shares in the company, valued at approximately $280,798,205.08. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 190,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the transaction, the director owned 7,443,101 shares of the company's stock, valued at approximately $259,615,362.88. This represents a 2.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,789,843 shares of company stock worth $62,262,672 in the last ninety days. Company insiders own 17.00% of the company's stock.

APi Group Trading Down 0.3%

Shares of NYSE APG opened at $34.55 on Thursday. The company's 50 day simple moving average is $35.03 and its 200 day simple moving average is $31.84. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The firm has a market capitalization of $14.37 billion, a P/E ratio of 107.97 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business's revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that APi Group Corporation will post 1.83 EPS for the current year.

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.

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