Hedge fund billionaire Daniel Loeb reshuffled his exposure in the construction & engineering industry at Third Point LLC in the fourth quarter of FY25.
The investor opened a new position in APi Group Corporation (NYSE:APG), acquiring 3,000,000 shares in the quarter.
Also, the fund boosted its position in MasTec, Inc. (NYSE:MTZ) by 200,000 shares, bringing its total to 925,000.
Meanwhile, as of Dec. 31, 2025, the fund slashed shares in Comfort Systems USA, Inc. (NYSE:FIX) by 47% to 105,000.
APG: Recent Key Events
- APi Group reported first-quarter EPS of 32 cents, beating analyst estimates of 30 cents and rising 28% year over year (Y/Y). Revenue increased 15.3% Y/Y to $1.98 billion, ahead of the $1.92 billion consensus estimate.
- The company raised its FY2026 revenue guidance to $8.48 billion–$8.68 billion from the prior range of $8.40 billion–$8.60 billion, compared with analyst estimates of $8.53 billion.
- The company also forecast second-quarter revenue of $2.18 billion–$2.23 billion, above the consensus estimate of $2.16 billion.
- Following earnings, several analysts raised the price forecast. Truist Securities raised the price forecast from $53 to $55, Barclays boosted the price forecast from $52 to $54, and UBS increased the price forecast from $54 to $56.
- Also, APi priced a private offering of $500 million in 5.75% senior unsecured notes due 2034. Proceeds will primarily fund the acquisitions of Onyx-Fire Protection Services and Wtech Fire Group, along with general corporate purposes.
APG: Technical Analysis
From a trend …