JNBA Financial Advisors Sells 3,049 Shares of APi Group Corporation $APG

JNBA Financial Advisors trimmed its position in shares of APi Group Corporation (NYSE:APG) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 314,601 shares of the company’s stock after selling 3,049 shares during the period. APi Group comprises 1.5% of JNBA Financial Advisors’ portfolio, making the stock its 15th largest position. JNBA Financial Advisors owned 0.08% of APi Group worth $16,060,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of APG. Price T Rowe Associates Inc. MD lifted its stake in APi Group by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company’s stock worth $581,073,000 after acquiring an additional 621,761 shares during the period. Durable Capital Partners LP boosted its stake in shares of APi Group by 78.0% during the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock valued at $318,663,000 after purchasing an additional 3,903,632 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of APi Group by 75.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock valued at $241,997,000 after purchasing an additional 2,906,783 shares in the last quarter. Findlay Park Partners LLP increased its position in shares of APi Group by 1.4% during the first quarter. Findlay Park Partners LLP now owns 6,445,948 shares of the company’s stock valued at $230,507,000 after buying an additional 86,600 shares during the period. Finally, Select Equity Group L.P. raised its stake in APi Group by 36.9% in 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 in the last quarter. Institutional investors own 86.62% of the company’s stock.

Insiders Place Their Bets

In related news, Director Martin E. Franklin sold 1,200,000 shares of APi Group stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total value of $41,568,000.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 205,550 shares of APi Group stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total value of $7,243,582.00. Following the completion of 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 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 quarter. Corporate insiders own 17.00% of the company’s stock.

APi Group Stock Down 2.8%

NYSE:APG opened at $34.04 on Friday. The firm has a market cap of $14.16 billion, a P/E ratio of 106.38 and a beta of 1.62. 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 Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The firm has a 50-day simple moving average of $35.05 and a two-hundred day simple moving average of $31.62.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. upgraded APi Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Barclays reiterated an “overweight” rating and issued a $42.00 price objective (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Wednesday. Eight equities research 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 has an average rating of “Moderate Buy” and a consensus target price of $36.10.

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.