Algert Global LLC Has $5.15 Million Stake in APi Group Corporation $APG

Algert Global LLC raised its position in shares of APi Group Corporation (NYSE:APG) by 39.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,025 shares of the company’s stock after buying an additional 40,880 shares during the period. Algert Global LLC owned about 0.05% of APi Group worth $5,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock worth $55,000 after buying an additional 785 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company’s stock worth $58,000 after buying an additional 1,261 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of APi Group by 40.5% during the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company’s stock worth $60,000 after buying an additional 482 shares in the last quarter. Signaturefd LLC increased its holdings in shares of APi Group by 6.7% during the first quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock worth $145,000 after buying an additional 256 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of APi Group by 1,341.9% during the first quarter. Farther Finance Advisors LLC now owns 5,162 shares of the company’s stock worth $185,000 after buying an additional 4,804 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of APi Group from $31.3333 to $34.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $34.6667 price target on shares of APi Group in a report on Friday, June 27th. UBS Group raised their price target on shares of APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised shares of APi Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Finally, Truist Financial raised their price target on shares of APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $36.10.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 205,550 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the transaction, the director directly owned 7,968,167 shares of the company’s stock, valued at approximately $280,798,205.08. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Lillie sold 190,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $34.88, for a total transaction 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. The trade was a 2.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 589,843 shares of company stock valued at $20,694,672. 17.00% of the stock is currently owned by insiders.

APi Group Price Performance

Shares of APG stock opened at $35.44 on Thursday. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $36.55. The stock has a market cap of $14.74 billion, a PE ratio of 110.75 and a beta of 1.56. 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 firm’s 50 day moving average price is $34.35 and its two-hundred day moving average price is $29.14.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.88 billion. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that APi Group Corporation will post 1.83 EPS for the current year.

About APi Group

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.