APi Group Corporation $APG Shares Purchased by Findlay Park Partners LLP

Findlay Park Partners LLP lifted its position in shares of APi Group Corporation (NYSE:APG) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,666,648 shares of the company’s stock after purchasing an additional 220,700 shares during the quarter. APi Group makes up about 3.5% of Findlay Park Partners LLP’s investment portfolio, making the stock its 4th largest position. Findlay Park Partners LLP owned 1.60% of APi Group worth $340,332,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of APG. Bridges Investment Management Inc. raised its stake in shares of APi Group by 15.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company’s stock valued at $3,605,000 after buying an additional 9,435 shares in the last quarter. Rathbones Group PLC bought a new stake in APi Group in the second quarter valued at about $2,094,000. Capital Investment Services of America Inc. raised its position in APi Group by 5.4% in the second quarter. Capital Investment Services of America Inc. now owns 397,325 shares of the company’s stock worth $20,283,000 after purchasing an additional 20,337 shares in the last quarter. Equitable Trust Co. raised its position in APi Group by 60.5% in the second quarter. Equitable Trust Co. now owns 33,500 shares of the company’s stock worth $1,710,000 after purchasing an additional 12,630 shares in the last quarter. Finally, South Dakota Investment Council bought a new position in APi Group during the second quarter worth about $2,348,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APG has been the topic of several analyst reports. Citigroup upped their price objective on APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a report on Tuesday. Finally, Barclays upped their target price on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.52.

Insider Transactions at APi Group

In other news, Director Martin E. Franklin sold 1,200,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the completion of the sale, the director owned 19,868,790 shares in the company, valued at $688,254,885.60. The trade was a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 2,100,000 shares of company stock worth $73,910,000. 17.00% of the stock is currently owned by corporate insiders.

APi Group Stock Performance

APi Group stock opened at $39.27 on Thursday. The stock has a 50-day simple moving average of $35.57 and a 200 day simple moving average of $34.39. The stock has a market capitalization of $16.33 billion, a price-to-earnings ratio of 107.09 and a beta of 1.64. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $39.58.

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

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.