Mutual of America Capital Management LLC Takes Position in APi Group Corporation $APG

Mutual of America Capital Management LLC acquired a new stake in APi Group Corporation (NYSE:APG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 121,147 shares of the company’s stock, valued at approximately $6,185,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SVB Wealth LLC purchased a new position in shares of APi Group in the first quarter valued at approximately $38,000. Ulland Investment Advisors LLC boosted its stake in shares of APi Group by 41.5% in the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $77,000 after purchasing an additional 440 shares during the period. GAMMA Investing LLC lifted its stake in APi Group by 105.5% in the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock worth $55,000 after acquiring an additional 785 shares during the last quarter. 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 last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in APi Group in the second quarter worth approximately $98,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APG. Barclays reiterated an “overweight” rating and issued a $42.00 price target (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $34.67 price target on shares of APi Group in a research note on Friday, June 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Wednesday, October 8th. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, JPMorgan Chase & Co. upgraded shares of APi Group from a “neutral” rating to an “overweight” rating and lifted their price target 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, APi Group currently has an average rating of “Moderate Buy” and an average target price of $36.10.

Insider Activity at APi Group

In other news, CAO James Arseniadis sold 4,843 shares of the business’s 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 sale, the chief accounting officer owned 12,116 shares in the company, valued at approximately $428,664.08. The trade was a 28.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 95,000 shares of APi Group stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the completion of the transaction, the director directly owned 7,348,101 shares in the company, valued at $258,873,598.23. The trade was a 1.28% decrease in their ownership of the stock. 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 over the last 90 days. 17.00% of the stock is owned by corporate insiders.

APi Group Stock Up 0.6%

Shares of NYSE:APG opened at $35.01 on Wednesday. The company has a market capitalization of $14.56 billion, a PE ratio of 109.42 and a beta of 1.62. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55. The firm has a 50 day simple moving average of $35.01 and a 200-day simple moving average of $32.21.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts predict that APi Group Corporation will post 1.83 EPS for the current fiscal year.

APi Group 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.