Allianz Asset Management GmbH Buys 22,832 Shares of APi Group Corporation $APG

Allianz Asset Management GmbH boosted its stake in APi Group Corporation (NYSE:APG) by 11.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 228,656 shares of the company’s stock after purchasing an additional 22,832 shares during the quarter. Allianz Asset Management GmbH owned about 0.06% of APi Group worth $11,673,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 valued at $581,073,000 after buying an additional 621,761 shares during the period. Durable Capital Partners LP boosted its holdings in APi Group by 78.0% in the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock worth $318,663,000 after acquiring an additional 3,903,632 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in APi Group by 75.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock valued at $241,997,000 after acquiring an additional 2,906,783 shares during the period. Findlay Park Partners LLP increased its holdings in shares of APi Group by 1.4% during the first quarter. Findlay Park Partners LLP now owns 6,445,948 shares of the company’s stock valued at $230,507,000 after acquiring an additional 86,600 shares in the last quarter. Finally, Select Equity Group L.P. raised its position in shares of 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 period. 86.62% of the stock is owned by institutional investors.

Insider Activity at APi Group

In other news, CAO James Arseniadis sold 4,843 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 12,116 shares of the company’s stock, valued at $428,664.08. This represents a 28.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the director owned 7,443,101 shares of the company’s stock, valued at approximately $259,615,362.88. The trade was a 2.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,789,843 shares of company stock worth $62,262,672 in the last ninety days. Corporate insiders own 17.00% of the company’s stock.

APi Group Price Performance

Shares of NYSE APG opened at $34.84 on Tuesday. The company has a market capitalization of $14.49 billion, a PE ratio of 108.87 and a beta of 1.62. 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 stock’s 50 day moving average price is $35.01 and its 200-day moving average price is $32.19. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55.

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 business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.APi Group’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that APi Group Corporation will post 1.83 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on APG. Barclays restated an “overweight” rating and set a $42.00 price target (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report 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 reiterated a “hold (c+)” rating on shares of APi Group in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $31.00 to $42.00 in a research note on Tuesday, July 15th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, APi Group currently has an average rating of “Moderate Buy” and a consensus price target of $36.10.

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.