Findlay Park Partners LLP Has $340.33 Million Holdings in APi Group Corporation $APG

Findlay Park Partners LLP raised its holdings in APi Group Corporation (NYSE:APG) by 3.4% during the second quarter, Holdings Channel.com reports. The fund owned 6,666,648 shares of the company’s stock after purchasing an additional 220,700 shares during the period. APi Group comprises about 3.5% of Findlay Park Partners LLP’s holdings, making the stock its 4th largest holding. Findlay Park Partners LLP’s holdings in APi Group were worth $340,332,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Cetera Investment Advisers grew its stake in shares of APi Group by 5.2% during the first quarter. Cetera Investment Advisers now owns 66,406 shares of the company’s stock worth $2,375,000 after purchasing an additional 3,283 shares during the period. TD Asset Management Inc grew its position in shares of APi Group by 81.2% during the 1st quarter. TD Asset Management Inc now owns 167,688 shares of the company’s stock worth $5,997,000 after buying an additional 75,144 shares during the period. Federated Hermes Inc. grew its position in shares of APi Group by 10.6% during the 1st quarter. Federated Hermes Inc. now owns 41,333 shares of the company’s stock worth $1,478,000 after buying an additional 3,969 shares during the period. Natixis Advisors LLC increased its stake in shares of APi Group by 4.3% in the 1st quarter. Natixis Advisors LLC now owns 265,250 shares of the company’s stock valued at $9,485,000 after acquiring an additional 10,947 shares during the last quarter. Finally, TradeLink Capital LLC acquired a new stake in shares of APi Group in the 1st quarter valued at approximately $200,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

APG opened at $39.27 on Thursday. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 107.09 and a beta of 1.64. The business’s 50-day moving average price is $35.57 and its two-hundred day moving average price is $34.39. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $39.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $0.51 earnings per share. APi Group’s quarterly revenue was up 14.2% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. Equities analysts expect that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insider Activity

In other 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 sale, the director directly owned 18,968,790 shares in the company, valued at $684,583,631.10. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 2,100,000 shares of company stock valued at $73,910,000 in the last 90 days. 17.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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