Oppenheimer Asset Management Inc. Sells 1,379 Shares of APi Group Corporation $APG

Oppenheimer Asset Management Inc. lowered its position in APi Group Corporation (NYSE:APG) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,287 shares of the company’s stock after selling 1,379 shares during the period. Oppenheimer Asset Management Inc.’s holdings in APi Group were worth $5,630,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of APG. SVB Wealth LLC purchased a new position in APi Group during the first quarter valued at $38,000. GAMMA Investing LLC lifted 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 valued at $55,000 after purchasing an additional 785 shares in the last quarter. First Horizon Advisors Inc. lifted 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 valued at $60,000 after purchasing an additional 482 shares in the last quarter. Ulland Investment Advisors LLC lifted its position in APi Group by 41.5% during the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $77,000 after purchasing an additional 440 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in APi Group during the second quarter valued at $98,000. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

NYSE APG opened at $34.73 on Tuesday. 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 firm has a market cap of $14.45 billion, a price-to-earnings ratio of 108.54 and a beta of 1.62. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55. The business has a 50-day moving average price of $34.93 and a 200-day moving average price of $32.62.

APi Group (NYSE:APG) last posted its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 95,000 shares of the business’s stock in a transaction dated 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 approximately $258,873,598.23. The trade was a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James Arseniadis sold 4,843 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.38, for a total value of $171,345.34. Following the completion of the sale, the chief accounting officer owned 12,116 shares in the company, valued at $428,664.08. This represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last three months. Corporate insiders own 17.00% of the company’s stock.

APi Group 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.