Jefferies Financial Group started coverage on shares of APi Group (NYSE:APG – Free Report) in a report released on Friday morning,Zacks reports. The firm issued a strong-buy rating on the stock.
Other equities research analysts have also issued reports about the stock. Citigroup upped their price target on shares of APi Group from $55.00 to $57.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on APi Group from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday. Wall Street Zen cut APi Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Truist Financial set a $58.00 price objective on APi Group and gave the company a “buy” rating in a report on Friday. Finally, Weiss Ratings upgraded APi Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $54.67.
View Our Latest Research Report on APG
APi Group Stock Down 1.7%
APi Group (NYSE:APG – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. APi Group had a net margin of 4.12% and a return on equity of 38.31%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, equities research analysts forecast that APi Group will post 1.74 earnings per share for the current year.
Insider Activity at APi Group
In related news, Director James E. Lillie sold 285,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $39.84, for a total transaction of $11,354,400.00. Following the sale, the director directly owned 8,952,350 shares of the company’s stock, valued at approximately $356,661,624. This represents a 3.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 214,928 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $39.91, for a total transaction of $8,577,776.48. Following the sale, the director directly owned 9,262,356 shares in the company, valued at $369,660,627.96. This trade represents a 2.27% decrease in their ownership of the stock. 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 ninety days, insiders have sold 660,000 shares of company stock valued at $26,353,682. Insiders own 18.70% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in APG. Provenance Wealth Advisors LLC acquired a new position in APi Group during the third quarter worth $538,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in APi Group by 31.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 47,400 shares of the company’s stock valued at $1,830,000 after purchasing an additional 11,300 shares in the last quarter. Choreo LLC grew its position in shares of APi Group by 5.4% in the third quarter. Choreo LLC now owns 100,993 shares of the company’s stock valued at $3,898,000 after purchasing an additional 5,154 shares during the period. North Dakota State Investment Board grew its position in shares of APi Group by 9.9% in the third quarter. North Dakota State Investment Board now owns 11,677 shares of the company’s stock valued at $451,000 after purchasing an additional 1,054 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of APi Group by 25.2% in the third quarter. Asset Management One Co. Ltd. now owns 220,934 shares of the company’s stock valued at $8,528,000 after purchasing an additional 44,450 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.
Key APi Group News
Here are the key news stories impacting APi Group this week:
- Positive Sentiment: Record Q3 results: APi reported revenue of approximately $2.55 billion, up 22.5% year over year and ahead of the $2.40 billion consensus estimate. Adjusted EBITDA increased 24.6% to $350 million, while adjusted EPS of $0.50 exceeded expectations of $0.47 and rose from $0.41 a year earlier. APi Group Reports Record Third Quarter 2026 Financial Results and Raises Full-Year 2026 Outlook
- Positive Sentiment: Higher 2026 outlook: Management raised its full-year revenue forecast to $9.20 billion-$9.25 billion and adjusted EBITDA guidance to $1.235 billion-$1.255 billion, marking the third guidance increase this year. Management also cited double-digit organic growth, strong demand and a goal of reaching a 16% adjusted EBITDA margin by 2028. APi raises 2026 outlook
- Positive Sentiment: Analyst targets increased: Truist raised its APG price target to $58 from $55 while maintaining a Buy rating. Wells Fargo lifted its target to $60 from $53 and kept an Overweight rating, implying substantial upside from the referenced trading level. Truist Securities adjusts APi Group price target
- Neutral Sentiment: Institutional positioning was mixed: Several large investors added APG shares during the latest reporting quarter, while others—including Viking Global Investors—reduced or exited positions. This suggests continued institutional interest but not a uniform bullish view.
- Negative Sentiment: Insider selling may weigh on sentiment: Reported insider activity over the past six months consisted of sales rather than purchases, including sizable transactions by Martin Franklin, Ian Ashken and James Lillie. These sales do not necessarily reflect operating concerns, but they can create an overhang for investors.
APi Group Company Profile
APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.
APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.
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