Swedbank AB Trims Stock Holdings in APi Group Corporation $APG

Swedbank AB decreased its position in APi Group Corporation (NYSE:APG) by 37.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,296,000 shares of the company’s stock after selling 768,000 shares during the period. Swedbank AB owned approximately 0.31% of APi Group worth $66,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financiere des Professionnels Fonds d investissement inc. purchased a new position in APi Group in the 2nd quarter worth $98,000. Fragasso Financial Advisors Inc purchased a new position in APi Group in the 2nd quarter worth $311,000. NBC Securities Inc. raised its stake in APi Group by 8.9% in the 2nd quarter. NBC Securities Inc. now owns 15,554 shares of the company’s stock worth $794,000 after acquiring an additional 1,266 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in APi Group by 73.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock worth $6,369,000 after acquiring an additional 75,490 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in APi Group by 4.6% in the 1st quarter. Voya Investment Management LLC now owns 28,883 shares of the company’s stock worth $1,033,000 after acquiring an additional 1,261 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In related news, Director Martin E. Franklin sold 1,200,000 shares of APi Group stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total value of $41,568,000.00. Following the sale, the director directly owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. The trade was a 5.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Lillie sold 95,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the completion of the transaction, the director directly owned 7,348,101 shares in the company, valued at $258,873,598.23. This trade represents a 1.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,789,843 shares of company stock valued at $62,262,672. 17.00% of the stock is currently owned by corporate insiders.

APi Group Trading Up 2.3%

APG stock opened at $35.50 on Friday. 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 Corporation has a 12-month low of $20.50 and a 12-month high of $36.55. The stock has a market cap of $14.76 billion, a price-to-earnings ratio of 110.94 and a beta of 1.61. The business’s 50-day moving average is $35.12 and its 200 day moving average is $30.53.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $0.49 EPS. APi Group’s revenue was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on APi Group from $31.33 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $34.67 price objective on shares of APi Group in a research note on Friday, June 27th. UBS Group lifted their price objective on APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. 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, Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company 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.