Rhumbline Advisers Raises Position in APi Group Corporation $APG

Rhumbline Advisers raised its stake in shares of APi Group Corporation (NYSE:APG) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,997 shares of the company’s stock after purchasing an additional 920 shares during the period. Rhumbline Advisers’ holdings in APi Group were worth $7,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in APi Group by 4.0% during the first 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 during the period. Durable Capital Partners LP raised its position in 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 purchasing an additional 3,903,632 shares during the period. T. Rowe Price Investment Management Inc. raised its position in 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 purchasing an additional 2,906,783 shares during the period. Findlay Park Partners LLP raised its position in 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 purchasing an additional 86,600 shares during the period. Finally, Select Equity Group L.P. raised its position in APi Group by 36.9% during the first quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company’s stock valued at $161,684,000 after purchasing an additional 1,217,554 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Stock Up 1.4%

Shares of NYSE:APG opened at $35.62 on Friday. 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 $14.81 billion, a P/E ratio of 111.32 and a beta of 1.61. The business’s 50 day moving average is $35.05 and its 200 day moving average is $30.22. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87.

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, topping the consensus estimate of $0.37 by $0.02. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. APi Group’s revenue was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that APi Group Corporation will post 1.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group upped their price objective on APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upgraded APi Group from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Robert W. Baird increased their price target on APi Group from $31.33 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Truist Financial increased their price target on APi Group from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Finally, Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $36.10.

Insider Transactions at APi Group

In related news, CAO James Arseniadis sold 4,843 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.38, for a total value of $171,345.34. Following the transaction, the chief accounting officer owned 12,116 shares of the company’s stock, valued at $428,664.08. This represents a 28.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin E. Franklin sold 1,200,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total value of $41,568,000.00. Following the completion of the transaction, the director directly owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,789,843 shares of company stock worth $62,262,672 in the last ninety days. 17.00% of the stock is owned by company insiders.

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.