APi Group Corporation $APG Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its position in shares of APi Group Corporation (NYSE:APG) by 24.7% during the second quarter, Holdings Channel reports. The firm owned 6,071 shares of the company’s stock after selling 1,993 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in APi Group were worth $310,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APG. Durable Capital Partners LP grew its holdings in shares of APi Group by 78.0% during the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock worth $318,663,000 after buying an additional 3,903,632 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of APi Group by 75.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock worth $241,997,000 after buying an additional 2,906,783 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of APi Group by 479,614.2% during the first quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company’s stock worth $102,929,000 after buying an additional 2,877,685 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of APi Group by 114.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company’s stock worth $100,227,000 after buying an additional 1,495,268 shares during the last quarter. Finally, Select Equity Group L.P. grew its holdings in shares of APi Group by 36.9% during the first quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company’s stock worth $161,684,000 after buying an additional 1,217,554 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on APG. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.67 price objective on shares of APi Group in a report on Friday, June 27th. 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.10.

APi Group Price Performance

Shares of APG opened at $34.58 on Friday. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55. The stock’s 50 day moving average is $34.95 and its two-hundred day moving average is $32.31. The firm has a market capitalization of $14.38 billion, a PE ratio of 108.08 and a beta of 1.62. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87.

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

Insider Transactions at APi Group

In other news, Director Ian G. H. Ashken sold 205,550 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the sale, the director owned 7,968,167 shares of the company’s stock, valued at $280,798,205.08. The trade was a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Lillie sold 95,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total value of $3,346,850.00. Following the sale, the director directly owned 7,348,101 shares in the company, valued at $258,873,598.23. This trade represents a 1.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,789,843 shares of company stock worth $62,262,672 over the last quarter. 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.