APi Group Corporation $APG Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in APi Group Corporation (NYSE:APG) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 395,800 shares of the company’s stock after selling 7,200 shares during the quarter. Swiss National Bank owned approximately 0.10% of APi Group worth $20,206,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bridges Investment Management Inc. increased its position in shares of APi Group by 15.4% during the second quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company’s stock worth $3,605,000 after purchasing an additional 9,435 shares in the last quarter. Rathbones Group PLC purchased a new position in APi Group in the 2nd quarter valued at $2,094,000. Capital Investment Services of America Inc. boosted its stake in APi Group by 5.4% during the 2nd quarter. Capital Investment Services of America Inc. now owns 397,325 shares of the company’s stock worth $20,283,000 after purchasing an additional 20,337 shares during the last quarter. Equitable Trust Co. grew its holdings in shares of APi Group by 60.5% during the second quarter. Equitable Trust Co. now owns 33,500 shares of the company’s stock worth $1,710,000 after buying an additional 12,630 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of APi Group by 11.1% during the second quarter. Allianz Asset Management GmbH now owns 228,656 shares of the company’s stock worth $11,673,000 after buying an additional 22,832 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Stock Up 3.3%

Shares of NYSE APG opened at $38.95 on Wednesday. The company has a market capitalization of $16.20 billion, a P/E ratio of 106.24 and a beta of 1.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. The company has a 50 day simple moving average of $35.48 and a 200-day simple moving average of $34.36. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $39.05.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. APi Group has set its FY 2025 guidance at EPS. On average, equities research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

APG has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Barclays boosted their target price on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a report on Thursday, October 30th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.52.

Insider Activity at APi Group

In other news, Director Martin E. Franklin sold 1,200,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 2,100,000 shares of company stock valued at $73,910,000. Corporate insiders own 17.00% of the company’s stock.

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.