Teacher Retirement System of Texas Has $76.02 Million Position in APi Group Corporation $APG

Teacher Retirement System of Texas reduced its stake in APi Group Corporation (NYSE:APG) by 0.7% in the 2nd quarter, Holdings Channel reports. The firm owned 1,489,184 shares of the company’s stock after selling 10,108 shares during the period. Teacher Retirement System of Texas’ holdings in APi Group were worth $76,023,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APG. GAMMA Investing LLC lifted its holdings in APi Group by 105.5% in the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock worth $55,000 after purchasing an additional 785 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in APi Group by 29.4% in the 1st 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. Amalgamated Bank lifted its holdings in APi Group by 2.3% in the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock worth $438,000 after purchasing an additional 279 shares during the last quarter. WCM Investment Management LLC lifted its holdings in APi Group by 1.6% in the 1st quarter. WCM Investment Management LLC now owns 108,435 shares of the company’s stock worth $3,901,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Cannon Global Investment Management LLC acquired a new stake in APi Group in the 1st quarter worth approximately $1,091,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 190,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was 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 approximately $259,615,362.88. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total value of $7,243,582.00. Following the completion of the transaction, the director directly owned 7,968,167 shares of the company’s stock, valued at approximately $280,798,205.08. The trade was a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,789,843 shares of company stock valued at $62,262,672. Company insiders own 17.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

APi Group Stock Performance

Shares of NYSE APG opened at $34.79 on Monday. The business has a fifty day simple moving average of $34.94 and a 200 day simple moving average of $32.54. 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 has a market capitalization of $14.47 billion, a price-to-earnings ratio of 108.73 and a beta of 1.62. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55.

APi Group (NYSE:APG) last issued its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect 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.