532,934 Shares in APi Group Corporation $APG Purchased by Nuveen LLC

Nuveen LLC acquired a new position in APi Group Corporation (NYSE:APG) in the first quarter, HoldingsChannel reports. The fund acquired 532,934 shares of the company’s stock, valued at approximately $19,058,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in APi Group by 6.7% in the first quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock worth $145,000 after acquiring an additional 256 shares during the period. Amalgamated Bank lifted its stake in APi Group by 2.3% in the first quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock worth $438,000 after acquiring an additional 279 shares during the period. PNC Financial Services Group Inc. lifted its stake in APi Group by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock worth $194,000 after acquiring an additional 303 shares during the period. First Horizon Advisors Inc. lifted its stake in APi Group by 40.5% in the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company’s stock worth $60,000 after acquiring an additional 482 shares during the period. Finally, Dynasty Wealth Management LLC lifted its stake in APi Group by 3.5% in the first quarter. Dynasty Wealth Management LLC now owns 14,474 shares of the company’s stock worth $518,000 after acquiring an additional 495 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other APi Group news, Director Ian G. H. Ashken sold 205,550 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly 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 filing with the SEC, which can be accessed through this link. Also, Director James E. Lillie sold 190,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the transaction, the director directly owned 7,443,101 shares of the company’s stock, valued at $259,615,362.88. This represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 589,843 shares of company stock valued at $20,694,672. 17.00% of the stock is owned by insiders.

APi Group Stock Performance

Shares of APi Group stock opened at $35.3520 on Wednesday. The firm has a market capitalization of $14.70 billion, a P/E ratio of 110.48 and a beta of 1.56. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average price of $34.28 and a 200 day moving average price of $29.10. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $36.55.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the firm posted $0.49 EPS. APi Group’s revenue was up 15.0% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that APi Group Corporation will post 1.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on APG shares. Robert W. Baird upped their price objective on shares of APi Group from $31.3333 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Truist Financial increased their price target on shares of APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. UBS Group increased their price target on shares of APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $34.6667 price target on shares of APi Group in a research report on Friday, June 27th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, APi Group presently has a consensus rating of “Buy” and an average target price 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.