Campbell & CO Investment Adviser LLC Buys Shares of 63,876 APi Group Corporation $APG

Campbell & CO Investment Adviser LLC purchased a new stake in APi Group Corporation (NYSE:APG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,876 shares of the company’s stock, valued at approximately $3,261,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC grew its stake in APi Group by 6.7% in the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock valued at $145,000 after acquiring an additional 256 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of APi Group by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock valued at $194,000 after purchasing an additional 303 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in shares of APi Group by 3.6% in the first quarter. Cresset Asset Management LLC now owns 10,693 shares of the company’s stock valued at $382,000 after purchasing an additional 374 shares in the last quarter. State of Wyoming grew its position in shares of APi Group by 10.7% in the first quarter. State of Wyoming now owns 4,106 shares of the company’s stock valued at $147,000 after purchasing an additional 397 shares during the last quarter. Finally, Ulland Investment Advisors LLC increased its stake in shares of APi Group by 41.5% during the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $77,000 after purchasing an additional 440 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

Shares of APG stock opened at $36.19 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 98.70 and a beta of 1.63. APi Group Corporation has a one year low of $20.50 and a one year high of $37.04. The company has a 50 day moving average price of $34.89 and a 200 day moving average price of $33.47.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APG shares. Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a research report on Thursday, October 30th. Citigroup lifted their price objective on APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. raised shares of APi Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average target price of $38.52.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 95,000 shares of APi Group stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total value of $3,346,850.00. Following the transaction, the director directly owned 7,348,101 shares of the company’s stock, valued at $258,873,598.23. The trade was a 1.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ian G. H. Ashken sold 205,550 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total value of $7,243,582.00. Following the sale, the director owned 7,968,167 shares of the company’s stock, valued at $280,798,205.08. The trade was a 2.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,425,550 shares of company stock worth $85,381,182 in the last three months. 17.00% of the stock is currently owned by company insiders.

APi Group Company 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.