Raymond James Financial Inc. Grows Holdings in APi Group Corporation $APG

Raymond James Financial Inc. grew its stake in APi Group Corporation (NYSE:APG) by 2.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 211,376 shares of the company’s stock after acquiring an additional 4,906 shares during the period. Raymond James Financial Inc. owned about 0.08% of APi Group worth $7,559,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of APi Group by 105.5% in the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock valued at $55,000 after acquiring an additional 785 shares during the period. Versant Capital Management Inc raised its stake in shares of APi Group by 339.0% in the 1st quarter. Versant Capital Management Inc now owns 1,633 shares of the company’s stock valued at $58,000 after acquiring an additional 1,261 shares during the period. First Horizon Advisors Inc. raised its stake in shares of APi Group by 40.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company’s stock valued at $60,000 after acquiring an additional 482 shares during the period. Signaturefd LLC raised its stake in shares of APi Group by 6.7% in the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock valued at $145,000 after acquiring an additional 256 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in APi Group by 1,341.9% during the 1st 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 during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Trading Down 0.5%

Shares of NYSE:APG opened at $35.72 on Tuesday. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $36.55. The company’s 50 day moving average is $34.85 and its two-hundred day moving average is $29.78. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The company has a market cap of $14.85 billion, a PE ratio of 111.61 and a beta of 1.61.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 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 company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm posted $0.49 EPS. The company’s quarterly 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. Equities analysts predict that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on APG. Barclays reaffirmed an “overweight” rating and set a $42.00 target price (up from $40.00) on shares of APi Group in a research note on Monday, August 4th. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Robert W. Baird upped their target price on shares of APi Group from $31.33 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. UBS Group upped their target price on shares of APi Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised shares of APi Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $42.00 in a research note on Tuesday, July 15th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, APi Group currently has an average rating of “Buy” and an average price target of $36.10.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 95,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total value of $3,346,850.00. Following the transaction, the director directly owned 7,348,101 shares of the company’s stock, valued at $258,873,598.23. This trade represents a 1.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO James Arseniadis sold 4,843 shares of the 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 completion of the transaction, the chief accounting officer directly owned 12,116 shares in the company, valued at $428,664.08. This trade represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 589,843 shares of company stock valued at $20,694,672. Insiders own 17.00% of the company’s stock.

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.