Advantage Alpha Capital Partners LP Trims Holdings in APi Group Corporation $APG

Advantage Alpha Capital Partners LP reduced its holdings in shares of APi Group Corporation (NYSE:APG) by 61.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,340 shares of the company’s stock after selling 80,947 shares during the period. Advantage Alpha Capital Partners LP’s holdings in APi Group were worth $2,621,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of APi Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company’s stock valued at $1,199,357,000 after purchasing an additional 453,543 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of APi Group by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company’s stock worth $581,073,000 after buying an additional 621,761 shares during the last quarter. Durable Capital Partners LP increased its position in APi Group by 78.0% during 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 in the last quarter. T. Rowe Price Investment Management Inc. increased its position in APi Group by 75.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock valued at $241,997,000 after buying an additional 2,906,783 shares in the last quarter. Finally, Findlay Park Partners LLP raised its stake in APi Group by 3.4% during the second quarter. Findlay Park Partners LLP now owns 6,666,648 shares of the company’s stock valued at $340,332,000 after buying an additional 220,700 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a research note on Tuesday. Barclays lifted their price target on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Citigroup increased their price objective on shares of APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Zacks Research cut shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average target price of $38.52.

Insider Transactions at APi Group

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of APi Group stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the sale, the director owned 18,968,790 shares of the company’s stock, valued at approximately $684,583,631.10. The trade was a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,100,000 shares of company stock valued at $73,910,000 in the last 90 days. Company insiders own 17.00% of the company’s stock.

APi Group Price Performance

NYSE APG opened at $39.27 on Friday. APi Group Corporation has a one year low of $20.50 and a one year high of $39.58. The stock has a 50-day moving average of $35.65 and a 200 day moving average of $34.43. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 107.09 and a beta of 1.64.

APi Group (NYSE:APG) last posted its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that APi Group Corporation will post 1.83 EPS for the current year.

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.