Wilmington Savings Fund Society FSB Lowers Holdings in APi Group Corporation $APG

Wilmington Savings Fund Society FSB reduced its holdings in shares of APi Group Corporation (NYSE:APG) by 25.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,009 shares of the company’s stock after selling 3,380 shares during the period. Wilmington Savings Fund Society FSB’s holdings in APi Group were worth $511,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in shares of APi Group during the first quarter worth $38,000. Ulland Investment Advisors LLC increased its holdings in APi Group by 41.5% during the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $77,000 after purchasing an additional 440 shares during the period. GAMMA Investing LLC increased its holdings in APi Group by 105.5% during the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock worth $55,000 after purchasing an additional 785 shares during the period. First Horizon Advisors Inc. raised its position in APi Group by 40.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company’s stock valued at $60,000 after purchasing an additional 482 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of APi Group in the 2nd quarter valued at about $98,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of APG opened at $34.30 on Friday. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 107.18 and a beta of 1.62. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $36.55. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average price of $35.02 and a 200 day moving average price of $31.98.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping 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 business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on APG shares. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Barclays reiterated an “overweight” rating and set a $42.00 price target (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.10.

Insider Activity at APi Group

In related news, Director Martin E. Franklin sold 1,200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the transaction, the director owned 19,868,790 shares in the company, valued at $688,254,885.60. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ian G. H. Ashken sold 205,550 shares of APi Group stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total value of $7,243,582.00. Following the transaction, the director directly owned 7,968,167 shares in the company, valued at approximately $280,798,205.08. This trade represents a 2.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,789,843 shares of company stock worth $62,262,672. Insiders own 17.00% of the company’s stock.

APi Group Company Profile

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.