Equitable Trust Co. lifted its stake in shares of APi Group Corporation (NYSE:APG – Free Report) by 60.5% during the second quarter, Holdings Channel reports. The fund owned 33,500 shares of the company’s stock after purchasing an additional 12,630 shares during the quarter. Equitable Trust Co.’s holdings in APi Group were worth $1,710,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in APG. SVB Wealth LLC purchased a new position in APi Group during the first quarter worth about $38,000. GAMMA Investing LLC lifted its position in APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock worth $55,000 after buying an additional 785 shares during the period. First Horizon Advisors Inc. lifted 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 worth $60,000 after buying an additional 482 shares during the period. Ulland Investment Advisors LLC lifted its position in APi Group by 41.5% during the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $77,000 after buying an additional 440 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in APi Group during the second quarter worth about $98,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other APi Group news, CAO James Arseniadis sold 4,843 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.38, for a total transaction of $171,345.34. Following the completion of the sale, the chief accounting officer owned 12,116 shares in the company, valued at $428,664.08. This trade represents a 28.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ian G. H. Ashken sold 205,550 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the sale, the director owned 7,968,167 shares of the company’s stock, valued at approximately $280,798,205.08. This trade represents a 2.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,789,843 shares of company stock valued at $62,262,672. Corporate insiders own 17.00% of the company’s stock.
APi Group Stock Performance
APi Group (NYSE:APG – Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The company’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts recently weighed in on APG shares. Zacks Research downgraded APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Wednesday, October 8th. Barclays restated an “overweight” rating and issued a $42.00 price objective (up from $40.00) on shares of APi Group in a report on Monday, August 4th. JPMorgan Chase & Co. upgraded APi Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.10.
View Our Latest Stock Analysis on APG
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.
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