Oppenheimer Asset Management Inc. Reduces Stake in APi Group Corporation $APG

Oppenheimer Asset Management Inc. lessened its position in APi Group Corporation (NYSE:APG) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,287 shares of the company’s stock after selling 1,379 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in APi Group were worth $5,630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in APG. GAMMA Investing LLC lifted its stake in shares of APi Group by 105.5% in the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock valued at $55,000 after purchasing an additional 785 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of APi Group by 29.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 116,346 shares of the company’s stock valued at $4,161,000 after purchasing an additional 26,449 shares during the period. Amalgamated Bank lifted its stake in shares of APi Group by 2.3% in the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock valued at $438,000 after purchasing an additional 279 shares during the period. WCM Investment Management LLC lifted its stake in shares of APi Group by 1.6% in the 1st quarter. WCM Investment Management LLC now owns 108,435 shares of the company’s stock valued at $3,901,000 after purchasing an additional 1,710 shares during the period. Finally, Cannon Global Investment Management LLC purchased a new position in shares of APi Group in the 1st quarter valued at approximately $1,091,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Stock Down 0.1%

APi Group stock opened at $34.73 on Tuesday. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 108.54 and a beta of 1.62. The stock has a fifty day simple moving average of $34.93 and a two-hundred day simple moving average of $32.62. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $36.55. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87.

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

Insider Transactions at APi Group

In related news, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.38, for a total value of $171,345.34. Following the completion of the sale, the chief accounting officer owned 12,116 shares of the company’s stock, valued at $428,664.08. The trade was a 28.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James E. Lillie sold 95,000 shares of APi Group stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total value of $3,346,850.00. Following the completion of the sale, the director directly owned 7,348,101 shares of the company’s stock, valued at $258,873,598.23. The trade was a 1.28% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,789,843 shares of company stock worth $62,262,672. 17.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. upgraded APi Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Barclays reiterated an “overweight” rating and set a $42.00 price objective (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, APi Group has a consensus rating of “Moderate Buy” and an average target price of $36.10.

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.