Spyglass Capital Management LLC lessened its stake in shares of APi Group Corporation (NYSE:APG – Free Report) by 44.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,271,099 shares of the company’s stock after selling 1,017,459 shares during the quarter. APi Group accounts for about 3.6% of Spyglass Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Spyglass Capital Management LLC’s holdings in APi Group were worth $51,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC acquired a new position in APi Group during the first quarter worth $650,000. Goldman Sachs Group Inc. boosted its stake in shares of APi Group by 73.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock valued at $6,369,000 after purchasing an additional 75,490 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of APi Group by 547.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock valued at $65,000 after purchasing an additional 1,078 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of APi Group by 166.5% in the 2nd quarter. First Trust Advisors LP now owns 173,569 shares of the company’s stock worth $8,861,000 after purchasing an additional 108,447 shares during the last quarter. Finally, Cresset Asset Management LLC grew its holdings in shares of APi Group by 5.7% in the 2nd quarter. Cresset Asset Management LLC now owns 11,305 shares of the company’s stock worth $577,000 after purchasing an additional 612 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.
Wall Street Analysts Forecast Growth
APG has been the subject of a number of recent analyst reports. Robert W. Baird set a $52.00 target price on shares of APi Group in a research report on Friday, May 1st. Citigroup reaffirmed a “buy” rating and set a $53.00 price objective (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. UBS Group set a $52.00 price objective on shares of APi Group in a report on Monday, July 20th. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings downgraded APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, APi Group currently has an average rating of “Moderate Buy” and an average target price of $53.17.
Insider Transactions at APi Group
In other APi Group news, Director James E. Lillie sold 225,539 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $44.87, for a total value of $10,119,934.93. Following the transaction, the director directly owned 9,296,811 shares in the company, valued at approximately $417,147,909.57. This trade represents a 2.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony E. Malkin sold 7,000 shares of APi Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total value of $297,290.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,451,000 shares of company stock worth $149,194,935 in the last quarter. 18.70% of the stock is owned by corporate insiders.
APi Group Price Performance
Shares of APG stock opened at $39.37 on Wednesday. APi Group Corporation has a 1 year low of $33.40 and a 1 year high of $49.99. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $41.47 and its 200-day moving average is $42.76. The firm has a market capitalization of $17.05 billion, a price-to-earnings ratio of -55.44, a PEG ratio of 2.33 and a beta of 1.60.
APi Group (NYSE:APG – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business posted $0.37 earnings per share. APi Group’s revenue for the quarter was up 15.3% compared to the same quarter last year. Sell-side analysts forecast that APi Group Corporation will post 1.71 EPS for the current fiscal year.
APi Group Profile
APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.
Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.
Read More
- Five stocks we like better than APi Group
- These 3 Stocks Have Soared in 2026—Can They Keep Climbing?
- Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story
- Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction
- Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
Want to see what other hedge funds are holding APG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APi Group Corporation (NYSE:APG – Free Report).
Receive News & Ratings for APi Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APi Group and related companies with MarketBeat.com's FREE daily email newsletter.
