Tredje AP fonden Cuts Stake in APi Group Corporation $APG

Tredje AP fonden lowered its position in APi Group Corporation (NYSE:APG) by 10.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 48,106 shares of the company’s stock after selling 5,894 shares during the period. Tredje AP fonden’s holdings in APi Group were worth $2,456,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in APG. GAMMA Investing LLC boosted its stake in shares of APi Group by 105.5% in the 1st 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. Amalgamated Bank boosted its position in APi Group by 2.3% during the first quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock valued at $438,000 after buying an additional 279 shares during the period. First Horizon Advisors Inc. boosted 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 buying an additional 482 shares during the period. D.A. Davidson & CO. boosted its position in APi Group by 2.3% during the first quarter. D.A. Davidson & CO. now owns 79,329 shares of the company’s stock valued at $2,837,000 after buying an additional 1,815 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in APi Group by 23.2% during the first quarter. OneDigital Investment Advisors LLC now owns 10,415 shares of the company’s stock valued at $372,000 after buying an additional 1,961 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of APi Group in a research report on Thursday. Citigroup increased their target price on APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Barclays reissued an “overweight” rating and set a $42.00 price objective (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, APi Group has a consensus rating of “Moderate Buy” and a consensus price target of $38.24.

APi Group Trading Up 4.9%

NYSE APG opened at $36.80 on Monday. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.83. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The stock has a 50 day simple moving average of $34.90 and a two-hundred day simple moving average of $33.02. The stock has a market cap of $15.30 billion, a P/E ratio of 100.36 and a beta of 1.63.

APi Group (NYSE:APG) last posted its earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. APi Group has set its FY 2025 guidance at EPS. On average, analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Activity

In other APi Group news, Director Martin E. Franklin sold 1,200,000 shares of APi Group stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total value of $41,568,000.00. Following the completion of the transaction, the director directly owned 19,868,790 shares of the company’s stock, valued at approximately $688,254,885.60. The trade was a 5.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Lillie sold 190,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the completion of the transaction, the director owned 7,443,101 shares of the company’s stock, valued at approximately $259,615,362.88. The trade was a 2.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,785,000 shares of company stock worth $62,091,327. 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.