APi Group (APG) slides after Q1 results as investors weigh margins, FX, and deal-related complexity

APi Group Corporation (APG) is down 6.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a “good but not good enough” reaction to APi’s first-quarter 2026 earnings update, with investors focusing on margin pressure and other offsets rather than the headline growth and profit figures. Management highlighted gross margin slippage and an FX headwind even as it raised full-year revenue and adjusted EBITDA guidance. This could also reflect short-term caution around execution and integration risk given the company’s active M&A pipeline.

Details:

APi reported Q1 2026 net revenues of $1.982 billion and adjusted diluted EPS of $0.32, alongside year-over-year adjusted EBITDA growth to $235 million and adjusted EBITDA margin expansion to 11.9%.

Gross margin dipped year over year, which the company attributed mainly to business mix, partially offset by pricing and project selection.

Full-year 2026 guidance was increased for both net revenues ($8.475B–$8.675B) and adjusted EBITDA ($1.15B–$1.21B), but the company noted the stronger U.S. dollar as a headwind versus prior guidance.

The company discussed recently closed and signed deals (including CertaSite and announced transactions for Wtech and Onyx), which can add near-term uncertainty around financing, integration costs, and execution.

Sources:

APi Group Investor Relations, Zacks, WTOP (AP)

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$APG Insider Trading Activity

$APG insiders have traded $APG stock on the open market 28 times in the past 6 months. Of those trades, 3 have been purchases and 25 have been sales.

Here’s a breakdown of recent trading of $APG stock by insiders over the last 6 months:

MARTIN E FRANKLIN has made 0 purchases and 6 sales selling 3,900,000 shares for an estimated $154,982,702.
JAMES E LILLIE has made 0 purchases and 12 sales selling 360,000 shares for an estimated $15,655,216.
IAN G H ASHKEN has made 0 purchases and 5 sales selling 300,000 shares for an estimated $13,055,265.
LOUIS LAMBERT (SVP, Gen Counsel & Secretary) sold 22,000 shares for an estimated $983,620
GLENN DAVID JACKOLA (EVP & Chief Financial Officer) sold 18,000 shares for an estimated $796,140
ANTHONY E MALKIN has made 3 purchases buying 7,000 shares for an estimated $275,720 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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$APG Hedge Fund Activity

We have seen 269 institutional investors add shares of $APG stock to their portfolio, and 235 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 8,552,947 shares (-74.7%) from their portfolio in Q4 2025, for an estimated $327,235,752
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 6,368,882 shares (-77.1%) from their portfolio in Q4 2025, for an estimated $243,673,425
WESTFIELD CAPITAL MANAGEMENT CO LP added 3,453,355 shares (+inf%) to their portfolio in Q4 2025, for an estimated $132,125,362
THIRD POINT LLC added 3,000,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $114,780,000
ROYAL LONDON ASSET MANAGEMENT LTD added 2,054,527 shares (+367.3%) to their portfolio in Q4 2025, for an estimated $78,606,203
CAPITAL RESEARCH GLOBAL INVESTORS removed 1,969,663 shares (-30.3%) from their portfolio in Q4 2025, for an estimated $75,359,306
RENAISSANCE TECHNOLOGIES LLC removed 1,645,200 shares (-87.9%) from their portfolio in Q4 2025, for an estimated $62,945,352

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$APG Congressional Stock Trading

Members of Congress have traded $APG stock 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $APG stock by members of Congress over the last 6 months:

SENATOR MARKWAYNE MULLIN has traded it 3 times. They made 3 purchases worth up to $150,000 on 02/04, 01/05 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$APG Analyst Ratings

Wall Street analysts have issued reports on $APG in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/12/2026
Barclays issued a "Overweight" rating on 11/03/2025

To track analyst ratings and price targets for $APG, check out Quiver Quantitative's $APG forecast page.

$APG Price Targets

Multiple analysts have issued price targets for $APG recently. We have seen 5 analysts offer price targets for $APG in the last 6 months, with a median target of $53.0.

Here are some recent targets:

Jasper Bibb from Truist Securities set a target price of $53.0 on 02/26/2026
Ashish Sabadra from RBC Capital set a target price of $53.0 on 02/26/2026
Julian Mitchell from Barclays set a target price of $52.0 on 02/26/2026
Joshua Chan from UBS set a target price of $54.0 on 02/26/2026
Andrew Kaplowitz from Citigroup set a target price of $52.0 on 02/26/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.