Fifth Third Wealth Advisors LLC Makes New Investment in APi Group Corporation $APG

Fifth Third Wealth Advisors LLC purchased a new position in APi Group Corporation (NYSE:APG) in the second quarter, HoldingsChannel reports. The institutional investor purchased 5,673 shares of the company’s stock, valued at approximately $290,000.

A number of other institutional investors also recently made changes to their positions in APG. Durable Capital Partners LP boosted its stake in shares of APi Group by 78.0% in 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% in 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. Bessemer Group Inc. boosted its stake in shares of APi Group by 479,614.2% in the 1st quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company’s stock valued at $102,929,000 after purchasing an additional 2,877,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of APi Group by 114.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company’s stock valued at $100,227,000 after purchasing an additional 1,495,268 shares in the last quarter. Finally, Select Equity Group L.P. boosted its stake in shares of APi Group by 36.9% in the 1st quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company’s stock valued at $161,684,000 after purchasing an additional 1,217,554 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Trading Up 1.6%

NYSE:APG opened at $34.58 on Tuesday. The company has a fifty day moving average of $35.03 and a 200 day moving average of $31.80. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $36.55. 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 capitalization of $14.38 billion, a P/E ratio of 108.07 and a beta of 1.62.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Activity at APi Group

In other APi Group news, Director Martin E. Franklin sold 1,200,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $688,254,885.60. This represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 205,550 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the completion of the transaction, the director owned 7,968,167 shares of the company’s stock, valued at $280,798,205.08. This trade represents 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. Company insiders own 17.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research cut shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. raised shares of APi Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a report on Wednesday, October 8th. Finally, Barclays reiterated an “overweight” rating and set a $42.00 price target (up from $40.00) on shares of APi Group in a report on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target 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.