5 Best Russell 2000 Stocks To Buy Now

4. APi Group Corporation (NYSE:APG)

Number of Hedge Fund Holders: 41

Next on our list of the best Russell 2000 stocks is APi Group Corporation (NYSE:APG). APi Group Corporation (NYSE:APG) offers safety, specialty, and industrial services, operating through two segments – Safety Services and Specialty Services. The Safety Services segment provides integrated occupancy systems, including fire protection, HVAC, and entry systems. The Specialty Services segment offers infrastructure and industrial plant services, engineering, fabrication, installation, and maintenance to the energy industry. 

On May 4, APi Group Corporation (NYSE:APG) reported a Q1 GAAP EPS of $0.05 and a revenue of $1.61 million, up 9.7% year-over-year. The company’s net revenue increased by 9.7%, and its organic net revenue showed a growth of 12.1%.

According to Insider Monkey’s first quarter database, 41 hedge funds were bullish on APi Group Corporation (NYSE:APG), compared to 31 funds in the last quarter. Andreas Halvorsen’s Viking Global is the biggest stakeholder of the company, with 34 million shares worth $766.3 million. 

Bernzott Capital Advisors made the following comment about APi Group Corporation (NYSE:APG) in its second quarter 2023 investor letter:

“APi Group Corporation (NYSE:APG): The stock benefitted from solid results marked by nearly 10% revenue growth and good margin execution. The company’s recurring, inspection services-based business profile may also have helped the stock as investors embraced resiliency in the face of economic uncertainty.”