Vestmark Advisory Solutions Inc. Grows Stake in APi Group Corporation $APG

Vestmark Advisory Solutions Inc. lifted its stake in APi Group Corporation (NYSE:APG) by 98.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,522 shares of the company’s stock after purchasing an additional 23,562 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in APi Group were worth $2,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in APi Group by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company’s stock valued at $581,073,000 after purchasing an additional 621,761 shares in the last quarter. Durable Capital Partners LP grew its holdings in shares of APi Group by 78.0% during the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock valued at $318,663,000 after buying an additional 3,903,632 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of APi Group by 75.3% during 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 buying an additional 2,906,783 shares during the last quarter. Findlay Park Partners LLP increased its position in shares of APi Group by 1.4% during the first quarter. Findlay Park Partners LLP now owns 6,445,948 shares of the company’s stock valued at $230,507,000 after acquiring an additional 86,600 shares in the last quarter. Finally, Select Equity Group L.P. raised its holdings in APi Group by 36.9% in the 1st quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company’s stock worth $161,684,000 after acquiring an additional 1,217,554 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of APi Group in a research note on Thursday, October 30th. Citigroup upped their price target on APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, October 31st. Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Barclays lifted their price objective on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Finally, Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.52.

APi Group Stock Up 0.3%

APi Group stock opened at $36.19 on Monday. APi Group Corporation has a one year low of $20.50 and a one year high of $37.04. The stock has a fifty day moving average of $34.89 and a 200 day moving average of $33.47. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The stock has a market cap of $15.05 billion, a PE ratio of 98.70 and a beta of 1.63.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that APi Group Corporation will post 1.83 EPS for the current year.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 205,550 shares of APi Group stock in a transaction 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 transaction, the director owned 7,968,167 shares in the company, valued at $280,798,205.08. This trade represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James E. Lillie sold 95,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the sale, the director directly owned 7,348,101 shares of the company’s stock, valued at approximately $258,873,598.23. The trade was a 1.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,425,550 shares of company stock worth $85,381,182. 17.00% of the stock is owned by company insiders.

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.