Envestnet Portfolio Solutions Inc. Lowers Stock Holdings in APi Group Corporation $APG

Envestnet Portfolio Solutions Inc. reduced its position in shares of APi Group Corporation (NYSE:APG) by 24.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,071 shares of the company’s stock after selling 1,993 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in APi Group were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of APG. Durable Capital Partners LP boosted its position in shares of APi Group by 78.0% during the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock worth $318,663,000 after buying an additional 3,903,632 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of APi Group by 75.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock worth $241,997,000 after buying an additional 2,906,783 shares during the period. Bessemer Group Inc. boosted its position in shares of APi Group by 479,614.2% during the first quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company’s stock worth $102,929,000 after buying an additional 2,877,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of APi Group by 114.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company’s stock worth $100,227,000 after buying an additional 1,495,268 shares during the period. Finally, Select Equity Group L.P. boosted its holdings 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 valued at $161,684,000 after purchasing an additional 1,217,554 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Stock Up 2.8%

APi Group stock opened at $34.58 on Friday. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $36.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37. The stock has a market cap of $14.38 billion, a PE ratio of 108.08 and a beta of 1.62. The stock’s fifty day moving average is $34.95 and its two-hundred day moving average is $32.31.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm earned $0.49 earnings per share. APi Group’s quarterly revenue 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, sell-side analysts expect that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insider Transactions at APi Group

In other news, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.38, for a total transaction of $171,345.34. Following the sale, the chief accounting officer owned 12,116 shares in the company, valued at approximately $428,664.08. The trade was a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the director owned 7,968,167 shares in the company, valued at $280,798,205.08. This trade represents a 2.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,789,843 shares of company stock worth $62,262,672 over the last three months. 17.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of recent research reports. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a report on Wednesday, October 8th. Barclays reiterated an “overweight” rating and issued a $42.00 target price (up from $40.00) on shares of APi Group in a report on Monday, August 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $34.67 target price on shares of APi Group in a report on Friday, June 27th. Finally, Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and a consensus 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.