Pacer Advisors Inc. Boosts Holdings in APi Group Corporation $APG

Pacer Advisors Inc. increased its position in shares of APi Group Corporation (NYSE:APG) by 31.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,217 shares of the company’s stock after purchasing an additional 17,639 shares during the period. Pacer Advisors Inc.’s holdings in APi Group were worth $2,967,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in APi Group during the 4th quarter valued at $5,593,000. Hantz Financial Services Inc. increased its stake in APi Group by 628.7% in the fourth quarter. Hantz Financial Services Inc. now owns 174,019 shares of the company’s stock worth $6,658,000 after purchasing an additional 150,139 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in APi Group by 5,212.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 411,590 shares of the company’s stock worth $15,747,000 after purchasing an additional 403,842 shares during the period. M.D. Sass LLC lifted its position in shares of APi Group by 3.4% during the fourth quarter. M.D. Sass LLC now owns 2,005,327 shares of the company’s stock worth $76,724,000 after purchasing an additional 66,753 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of APi Group by 7.5% during the first quarter. Principal Financial Group Inc. now owns 855,638 shares of the company’s stock valued at $34,670,000 after purchasing an additional 59,715 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on APG shares. Truist Financial set a $55.00 price target on shares of APi Group and gave the stock a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company began coverage on shares of APi Group in a research report on Tuesday. They issued an “overweight” rating and a $53.00 price objective for the company. Citigroup restated a “buy” rating and issued a $54.00 target price (up from $53.00) on shares of APi Group in a research note on Friday, July 31st. Weiss Ratings lowered shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen downgraded shares of APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.57.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 285,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $39.84, for a total value of $11,354,400.00. Following the completion of the transaction, the director directly owned 8,952,350 shares in the company, valued at approximately $356,661,624. The trade was a 3.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the sale, the director directly owned 19,240,426 shares of the company’s stock, valued at approximately $809,637,126.08. The trade was a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,667,000 shares of company stock valued at $110,810,972. Company insiders own 18.70% of the company’s stock.

APi Group Stock Performance

Shares of NYSE:APG opened at $41.26 on Friday. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of -61.59, a price-to-earnings-growth ratio of 2.43 and a beta of 1.60. APi Group Corporation has a 52 week low of $33.40 and a 52 week high of $49.99. The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average of $41.26 and a 200 day moving average of $42.66.

APi Group (NYSE:APG) last announced its earnings results on Thursday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. APi Group had a return on equity of 37.59% and a net margin of 3.99%.The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter last year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, sell-side analysts predict that APi Group Corporation will post 1.72 earnings per share for the current fiscal year.

Key Stories Impacting APi Group

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

• Positive Sentiment: Wells Fargo initiated coverage with an “overweight” rating and a $53 price target, implying roughly 27% upside from the referenced share price. The new analyst coverage adds a favorable Wall Street view and is the clearest near-term catalyst. APi Group rated overweight in new Wells Fargo research coverage
• Positive Sentiment: APi Group’s latest quarterly results exceeded expectations, with earnings per share of $0.44 versus $0.43 expected and revenue of $2.25 billion versus $2.20 billion estimated. Revenue grew 13.3% year over year, while analysts expect approximately $1.72 in full-year EPS, supporting the growth case.
• Neutral Sentiment: Director Ian Ashken sold a combined 300,000 shares for about $12.0 million, but retained more than 9.17 million shares. The transactions were executed under a pre-arranged Rule 10b5-1 plan, making them a less reliable indicator of discretionary bearish sentiment. SEC filing for Ian Ashken stock sales
• Negative Sentiment: Director James Lillie sold 360,000 shares worth approximately $14.3 million. Although these sales also followed a 10b5-1 plan and he continues to own substantial APi Group stock, their size could raise short-term concerns about insider conviction and add selling pressure. SEC filing for James Lillie stock sales

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.