KLP Kapitalforvaltning AS Purchases 500 Shares of APi Group Corporation $APG

KLP Kapitalforvaltning AS grew its position in APi Group Corporation (NYSE:APG) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,000 shares of the company’s stock after purchasing an additional 500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in APi Group were worth $2,195,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC bought a new position in APi Group during the first quarter worth $38,000. GAMMA Investing LLC increased its position in APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock worth $55,000 after acquiring an additional 785 shares during the period. First Horizon Advisors Inc. increased its position in APi Group by 40.5% during the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company’s stock worth $60,000 after acquiring an additional 482 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new position in APi Group during the second quarter worth $98,000. Finally, Triad Wealth Partners LLC bought a new position in APi Group during the second quarter worth $206,000. Institutional investors own 86.62% of the company’s stock.

Insider Activity

In other news, CAO James Arseniadis sold 4,843 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.38, for a total value of $171,345.34. Following the sale, the chief accounting officer owned 12,116 shares in the company, valued at approximately $428,664.08. The trade was a 28.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin E. Franklin sold 1,200,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the completion of the sale, the director owned 19,868,790 shares in the company, valued at $688,254,885.60. This represents a 5.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,789,843 shares of company stock worth $62,262,672 over the last 90 days. 17.00% of the stock is currently owned by company insiders.

APi Group Trading Down 2.8%

Shares of APi Group stock opened at $34.04 on Monday. The firm has a market capitalization of $14.16 billion, a PE ratio of 106.38 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37. The company’s fifty day moving average price is $35.05 and its two-hundred day moving average price is $31.72. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $36.55.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that APi Group Corporation will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

APG has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of APi Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $31.00 to $42.00 in a research report on Tuesday, July 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $34.67 target price on shares of APi Group in a research report on Friday, June 27th. Barclays reiterated an “overweight” rating and set a $42.00 price target (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.10.

About APi Group

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.