Montrusco Bolton Investments Inc. Buys Shares of 140,895 APi Group Corporation $APG

Montrusco Bolton Investments Inc. bought a new stake in APi Group Corporation (NYSE:APG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 140,895 shares of the company’s stock, valued at approximately $7,193,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. CWM LLC boosted its stake in APi Group by 14.1% in the second quarter. CWM LLC now owns 14,699 shares of the company’s stock valued at $750,000 after acquiring an additional 1,818 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of APi Group by 25.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,062 shares of the company’s stock valued at $871,000 after buying an additional 3,418 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of APi Group during the second quarter valued at approximately $268,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of APi Group during the second quarter valued at approximately $290,000. Finally, Ulland Investment Advisors LLC raised its holdings in shares of 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 buying an additional 440 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 190,000 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the sale, the director directly owned 7,443,101 shares of the company’s stock, valued at $259,615,362.88. The trade was a 2.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin E. Franklin sold 1,200,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the sale, the director directly owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,789,843 shares of company stock worth $62,262,672 over the last three months. Corporate insiders own 17.00% of the company’s stock.

APi Group Price Performance

NYSE APG opened at $34.04 on Monday. The stock has a market capitalization of $14.16 billion, a P/E ratio of 106.38 and a beta of 1.62. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $36.55. The business’s fifty day moving average is $35.05 and its two-hundred day moving average is $31.72. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations 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 was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APG. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a report on Wednesday, October 8th. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. JPMorgan Chase & Co. upgraded APi Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $42.00 in a research report on Tuesday, July 15th. Zacks Research downgraded APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $34.67 target price on shares of APi Group in a research report on Friday, June 27th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, APi Group presently has an average rating of “Moderate Buy” and an average target price of $36.10.

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.