APi Group Corporation $APG Shares Bought by Cresset Asset Management LLC

Cresset Asset Management LLC grew its stake in shares of APi Group Corporation (NYSE:APG) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,693 shares of the company’s stock after acquiring an additional 374 shares during the period. Cresset Asset Management LLC’s holdings in APi Group were worth $382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of APG. Durable Capital Partners LP raised its position in shares of APi Group by 199.8% during the 4th quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company’s stock worth $180,121,000 after purchasing an additional 3,337,468 shares during the last quarter. Bessemer Group Inc. raised its position in shares of APi Group by 479,614.2% during the 1st quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company’s stock worth $102,929,000 after purchasing an additional 2,877,685 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of APi Group by 19.2% during the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company’s stock worth $359,811,000 after purchasing an additional 1,611,744 shares during the last quarter. Permian Investment Partners LP raised its position in shares of APi Group by 51.7% during the 4th quarter. Permian Investment Partners LP now owns 3,050,622 shares of the company’s stock worth $109,731,000 after purchasing an additional 1,040,000 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of APi Group by 553.9% during the 1st quarter. Invesco Ltd. now owns 1,125,213 shares of the company’s stock worth $40,238,000 after purchasing an additional 953,143 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Trading Up 0.9%

Shares of APG opened at $35.75 on Monday. The stock has a fifty day moving average of $34.50 and a two-hundred day moving average of $29.34. 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 company has a market capitalization of $14.87 billion, a PE ratio of 111.72 and a beta of 1.56. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $0.49 EPS. APi Group’s revenue 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.

Insider Activity

In other news, 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 completion of the sale, the director directly owned 7,348,101 shares of the company’s stock, valued at $258,873,598.23. The trade was a 1.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO James Arseniadis sold 4,843 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.38, for a total transaction of $171,345.34. Following the sale, the chief accounting officer directly 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 disclosure for this sale can be found here. Insiders sold 589,843 shares of company stock valued at $20,694,672 in the last ninety days. Company insiders own 17.00% of the company’s stock.

Analyst Upgrades and Downgrades

APG has been the subject of several research reports. JPMorgan Chase & Co. upgraded APi Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $31.00 to $42.00 in a research report on Tuesday, July 15th. UBS Group lifted their price objective on APi Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Truist Financial lifted their price objective on APi Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Barclays restated an “overweight” rating and set a $42.00 price objective (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $34.6667 price target on shares of APi Group in a report on Friday, June 27th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $36.10.

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.