Yousif Capital Management LLC Takes Position in APi Group Corporation $APG

Yousif Capital Management LLC purchased a new stake in APi Group Corporation (NYSE:APG) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 82,986 shares of the company’s stock, valued at approximately $4,236,000.

Several other institutional investors and hedge funds also recently made changes to their positions in APG. Farther Finance Advisors LLC boosted its holdings in shares of APi Group by 1,341.9% in the first quarter. Farther Finance Advisors LLC now owns 5,162 shares of the company’s stock valued at $185,000 after buying an additional 4,804 shares during the period. GAMMA Investing LLC boosted its holdings in shares of APi Group by 105.5% in the first 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 period. Fifth Third Bancorp boosted its holdings in shares of APi Group by 6.5% in the first quarter. Fifth Third Bancorp now owns 11,975 shares of the company’s stock valued at $428,000 after buying an additional 727 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of APi Group by 3.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 111,666 shares of the company’s stock valued at $3,993,000 after buying an additional 4,157 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in APi Group by 29.4% during the first quarter. Asset Management One Co. Ltd. now owns 116,346 shares of the company’s stock worth $4,161,000 after purchasing an additional 26,449 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Zacks Research cut shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings restated a “hold (c+)” rating on shares of APi Group in a report on Wednesday, October 8th. Barclays restated an “overweight” rating and set a $42.00 target price (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. upgraded shares of APi Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.10.

Insider Activity

In other news, Director James E. Lillie sold 95,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total value of $3,346,850.00. Following the transaction, the director directly owned 7,348,101 shares of the company’s stock, valued at $258,873,598.23. This represents a 1.28% 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, CAO James Arseniadis sold 4,843 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.38, for a total transaction of $171,345.34. Following the completion of the transaction, the chief accounting officer directly owned 12,116 shares in the company, valued at $428,664.08. The trade was a 28.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,789,843 shares of company stock valued at $62,262,672. 17.00% of the stock is owned by insiders.

APi Group Stock Performance

NYSE APG opened at $34.55 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The firm’s fifty day moving average price is $35.03 and its two-hundred day moving average price is $31.84. APi Group Corporation has a 1 year low of $20.50 and a 1 year 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.

APi Group (NYSE:APG) last posted its quarterly 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. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’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. As a group, research analysts anticipate that APi Group Corporation will post 1.83 EPS for the current year.

APi Group 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.