Versor Investments LP Purchases New Holdings in APi Group Corporation $APG

Versor Investments LP purchased a new stake in shares of APi Group Corporation (NYSE:APG) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,300 shares of the company’s stock, valued at approximately $475,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bridges Investment Management Inc. lifted its position in APi Group by 15.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company’s stock valued at $3,605,000 after acquiring an additional 9,435 shares in the last quarter. Equitable Trust Co. lifted its position in APi Group by 60.5% in the 2nd quarter. Equitable Trust Co. now owns 33,500 shares of the company’s stock valued at $1,710,000 after acquiring an additional 12,630 shares in the last quarter. Capital Investment Services of America Inc. lifted its position in APi Group by 5.4% in the 2nd quarter. Capital Investment Services of America Inc. now owns 397,325 shares of the company’s stock valued at $20,283,000 after acquiring an additional 20,337 shares in the last quarter. Allianz Asset Management GmbH lifted its position in APi Group by 11.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 228,656 shares of the company’s stock valued at $11,673,000 after acquiring an additional 22,832 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 worth $100,227,000 after acquiring an additional 1,495,268 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Activity

In other news, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the completion of the sale, the director owned 7,968,167 shares in the company, valued at approximately $280,798,205.08. This represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martin E. Franklin sold 1,200,000 shares of the stock in a transaction on 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 sale, the director owned 19,868,790 shares of the company’s stock, valued at approximately $688,254,885.60. This represents a 5.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,785,000 shares of company stock worth $62,091,327. Insiders own 17.00% of the company’s stock.

APi Group Stock Down 1.1%

NYSE:APG opened at $35.39 on Wednesday. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $37.04. The stock has a market capitalization of $14.72 billion, a P/E ratio of 96.51 and a beta of 1.64. 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’s 50-day simple moving average is $34.88 and its 200-day simple moving average is $33.20.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the business earned $0.51 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. On average, equities analysts anticipate 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 several research analyst reports. Barclays increased their price target on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Monday. JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a research note on Thursday, October 30th. Finally, Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and a consensus price target of $38.52.

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.