Sumitomo Mitsui DS Asset Management Company Ltd Makes New Investment in APi Group Corporation $APG

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of APi Group Corporation (NYSE:APG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 146,177 shares of the company’s stock, valued at approximately $5,593,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in APi Group by 49.6% during the third quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock worth $1,207,719,000 after buying an additional 11,644,990 shares during the last quarter. Durable Capital Partners LP raised its holdings in APi Group by 40.2% during the third quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock worth $512,050,000 after buying an additional 4,274,610 shares during the last quarter. Viking Global Investors LP raised its holdings in APi Group by 6.7% during the third quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock worth $422,967,000 after buying an additional 768,759 shares during the last quarter. State Street Corp raised its holdings in APi Group by 50.6% during the third quarter. State Street Corp now owns 10,771,776 shares of the company’s stock worth $370,226,000 after buying an additional 3,620,931 shares during the last quarter. Finally, Findlay Park Partners LLP raised its holdings in APi Group by 13.1% during the third quarter. Findlay Park Partners LLP now owns 7,540,068 shares of the company’s stock worth $259,152,000 after buying an additional 873,420 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Buying and Selling

In related news, Director Martin E. Franklin sold 3,000,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the completion of the sale, the director owned 21,240,426 shares in the company, valued at approximately $868,308,614.88. This trade represents a 12.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ian G. H. Ashken sold 65,534 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $45.49, for a total transaction of $2,981,141.66. Following the transaction, the director owned 9,477,284 shares of the company’s stock, valued at $431,121,649.16. This represents a 0.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 5,126,000 shares of company stock worth $217,071,030. Insiders own 18.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APG. Truist Financial set a $55.00 price objective on shares of APi Group and gave the stock a “buy” rating in a report on Friday, May 1st. Citigroup reiterated a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Barclays reiterated an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of APi Group in a research note on Thursday. Finally, Royal Bank Of Canada upped their target price on shares of APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, APi Group presently has an average rating of “Moderate Buy” and an average price target of $52.14.

APi Group Stock Performance

NYSE APG opened at $44.68 on Friday. The firm has a market cap of $19.36 billion, a price-to-earnings ratio of -62.93, a PEG ratio of 2.72 and a beta of 1.67. The company has a fifty day moving average price of $43.75 and a 200-day moving average price of $41.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36. APi Group Corporation has a 1 year low of $28.87 and a 1 year high of $49.99.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.92 billion. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts predict that APi Group Corporation will post 1.7 EPS for the current fiscal year.

Trending Headlines about APi Group

Here are the key news stories impacting APi Group this week:

• Positive Sentiment: Strong fundamentals: APi reported record Q1 results with ~15% year‑over‑year revenue growth and beats on revenue and EPS, which underpins analyst upgrades and buy ratings. InsiderMonkey Article
• Neutral Sentiment: Debt issuance priced: APi DE priced $500 million of 5.75% senior notes due 2034 (100% of par). This increases long‑dated fixed‑rate debt (higher interest expense) but can be neutral if proceeds refinance more expensive debt or fund M&A; no use‑of‑proceeds detail was provided. Business Wire
• Neutral Sentiment: Many director sales executed under Rule 10b5‑1 plans, which often indicate scheduled liquidity rather than information‑driven selling; that reduces immediate signal strength. Representative SEC filing: SEC Filing
• Negative Sentiment: Large insider disposals: Director Ian G. H. Ashken sold ~1,084,000 shares (~$48.5M) on May 4–5, and Director James E. Lillie sold ~360,000 shares (~$16.2M) across May 4–5. Even though trades were via 10b5‑1 plans, the magnitude of these sales reduces insider ownership and can weigh on sentiment and near‑term price momentum. SEC filings: Ashken Form 4 (Ashken); Lillie Form 4 (Lillie)

About APi Group

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.