APi Group Corporation $APG Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its position in APi Group Corporation (NYSE:APG) by 627.6% in the second quarter, Holdings Channel.com reports. The firm owned 151,402 shares of the company’s stock after acquiring an additional 130,595 shares during the quarter. New York State Teachers Retirement System’s holdings in APi Group were worth $7,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in APi Group by 6.7% in the first quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock valued at $145,000 after purchasing an additional 256 shares during the period. Amalgamated Bank lifted its position in APi Group by 2.3% in the first quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock valued at $438,000 after purchasing an additional 279 shares during the period. PNC Financial Services Group Inc. lifted its position in APi Group by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock valued at $194,000 after purchasing an additional 303 shares during the period. Cresset Asset Management LLC lifted its position in APi Group by 3.6% in the first quarter. Cresset Asset Management LLC now owns 10,693 shares of the company’s stock valued at $382,000 after purchasing an additional 374 shares during the period. Finally, State of Wyoming lifted its position in shares of APi Group by 10.7% during the 1st quarter. State of Wyoming now owns 4,106 shares of the company’s stock valued at $147,000 after acquiring an additional 397 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

Analysts Set New Price Targets

APG has been the subject of a number of research reports. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $34.67 price target on shares of APi Group in a research report on Friday, June 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Wednesday, October 8th. Finally, Barclays reiterated an “overweight” rating and set a $42.00 price target (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Eight 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.10.

APi Group Stock Performance

APi Group stock opened at $34.30 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45. The stock has a fifty day moving average of $35.02 and a two-hundred day moving average of $32.10. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 107.18 and a beta of 1.62. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share 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 the consensus estimate of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.APi Group’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insider Activity

In other APi Group news, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.38, for a total value 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 approximately $428,664.08. The trade was a 28.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Lillie sold 95,000 shares of APi Group stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the completion of the sale, the director directly owned 7,348,101 shares of the company’s stock, valued at $258,873,598.23. The trade was a 1.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last quarter. Insiders own 17.00% of the company’s stock.

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.