APi Group Corporation $APG Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its stake in APi Group Corporation (NYSE:APG) by 12.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,938 shares of the company’s stock after buying an additional 1,309 shares during the quarter. Maryland State Retirement & Pension System’s holdings in APi Group were worth $609,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Durable Capital Partners LP grew its stake in APi Group by 78.0% in the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock valued at $318,663,000 after buying an additional 3,903,632 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of 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 worth $241,997,000 after buying an additional 2,906,783 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of APi Group by 479,614.2% during the first quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company’s stock worth $102,929,000 after buying an additional 2,877,685 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of APi Group by 114.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company’s stock valued at $100,227,000 after buying an additional 1,495,268 shares during the period. Finally, Select Equity Group L.P. boosted its holdings 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 worth $161,684,000 after purchasing an additional 1,217,554 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Trading Up 1.6%

Shares of NYSE:APG opened at $34.58 on Tuesday. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $36.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37. The firm has a market capitalization of $14.38 billion, a P/E ratio of 108.07 and a beta of 1.62. The business’s 50-day moving average is $35.03 and its 200 day moving average is $31.80.

APi Group (NYSE:APG) last released its 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. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on APG shares. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.67 price target on shares of APi Group in a research report on Friday, June 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a report on Wednesday, October 8th. Finally, Barclays reiterated an “overweight” rating and set a $42.00 price target (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.10.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 95,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the sale, the director owned 7,348,101 shares in the company, valued at $258,873,598.23. This trade represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Martin E. Franklin sold 1,200,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were 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 $688,254,885.60. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last quarter. Company insiders own 17.00% of the company’s stock.

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.