Choreo LLC Raises Position in APi Group Corporation $APG

Choreo LLC raised its position in shares of APi Group Corporation (NYSE:APG) by 25.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,141 shares of the company’s stock after acquiring an additional 19,559 shares during the quarter. Choreo LLC’s holdings in APi Group were worth $4,857,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in APG. SVB Wealth LLC purchased a new position in shares of APi Group in the 1st quarter valued at approximately $38,000. Ulland Investment Advisors LLC raised its holdings in APi Group by 41.5% in the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $77,000 after purchasing an additional 440 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new position in APi Group during the second quarter valued at $98,000. State of Wyoming boosted its holdings in shares of APi Group by 10.7% during the 1st quarter. State of Wyoming now owns 4,106 shares of the company’s stock valued at $147,000 after buying an additional 397 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of APi Group by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock valued at $194,000 after buying an additional 303 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Activity at APi Group

In other news, Director Martin E. Franklin sold 340,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the transaction, the director owned 18,968,790 shares in the company, valued at $684,583,631.10. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 2,100,000 shares of company stock valued at $73,910,000. 17.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a research note on Tuesday. Citigroup lifted their target price on shares of APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Barclays upped their price target on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and a consensus price target of $38.52.

APi Group Stock Up 0.8%

Shares of APi Group stock opened at $39.27 on Thursday. The company has a 50-day simple moving average of $35.57 and a two-hundred day simple moving average of $34.39. The stock has a market capitalization of $16.33 billion, a PE ratio of 107.09 and a beta of 1.64. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $39.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating 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 company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. On average, analysts anticipate that APi Group Corporation will post 1.83 EPS for the current fiscal year.

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.