UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 1,495,268 Shares of APi Group Corporation $APG

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of APi Group Corporation (NYSE:APG) by 114.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,802,773 shares of the company’s stock after acquiring an additional 1,495,268 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.01% of APi Group worth $100,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its position in APi Group by 6.7% in the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock worth $145,000 after purchasing an additional 256 shares in the last quarter. Amalgamated Bank grew its position in APi Group by 2.3% in the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock worth $438,000 after purchasing an additional 279 shares in the last quarter. PNC Financial Services Group Inc. grew its position in APi Group by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock worth $194,000 after purchasing an additional 303 shares in the last quarter. Cresset Asset Management LLC grew its position in APi Group by 3.6% in the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company’s stock worth $382,000 after purchasing an additional 374 shares in the last quarter. Finally, State of Wyoming boosted its stake in APi Group by 10.7% in the first quarter. State of Wyoming now owns 4,106 shares of the company’s stock valued at $147,000 after acquiring an additional 397 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the transaction, the director 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief accounting officer directly owned 12,116 shares in the company, valued at approximately $428,664.08. This represents a 28.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,789,843 shares of company stock worth $62,262,672 in the last quarter. 17.00% of the stock is currently owned by company insiders.

APi Group Trading Down 2.0%

APi Group stock opened at $34.90 on Friday. The stock has a market cap of $14.51 billion, a P/E ratio of 109.07 and a beta of 1.61. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The firm’s fifty day moving average price is $35.06 and its 200-day moving average price is $30.30. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APG has been the topic of a number of research analyst reports. UBS Group boosted their target price on shares of APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Robert W. Baird boosted their target price on shares of APi Group from $31.33 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $34.67 target price on shares of APi Group in a research note on Friday, June 27th. Finally, Truist Financial boosted their target price on shares of APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $36.10.

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.