Concurrent Investment Advisors LLC Acquires Shares of 5,249 APi Group Corporation $APG

Concurrent Investment Advisors LLC acquired a new stake in shares of APi Group Corporation (NYSE:APG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,249 shares of the company’s stock, valued at approximately $268,000.

Several other large investors have also bought and sold shares of the company. Fifth Third Wealth Advisors LLC bought a new stake in APi Group during the 2nd quarter valued at approximately $290,000. Ulland Investment Advisors LLC boosted its position in APi Group by 41.5% during the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $77,000 after acquiring an additional 440 shares in the last quarter. Blair William & Co. IL boosted its position in APi Group by 16.5% during the 2nd quarter. Blair William & Co. IL now owns 20,348 shares of the company’s stock valued at $1,039,000 after acquiring an additional 2,887 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of APi Group by 12.3% during the second quarter. Maryland State Retirement & Pension System now owns 11,938 shares of the company’s stock valued at $609,000 after purchasing an additional 1,309 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in shares of APi Group during the second quarter valued at approximately $3,466,000. 86.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on APG shares. Barclays reiterated an “overweight” rating and set 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 set a $34.67 target price on shares of APi Group in a report on Friday, June 27th. Wall Street Zen upgraded shares of 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. Finally, Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, APi Group currently has an average rating of “Moderate Buy” and an average price target of $36.10.

APi Group Price Performance

Shares of NYSE APG opened at $34.30 on Monday. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55. The firm has a market cap of $14.26 billion, a P/E ratio of 107.18 and a beta of 1.62. The company has a 50 day moving average of $35.02 and a 200 day moving average of $32.10. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter 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. As a group, research analysts expect that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insider Activity

In other APi Group news, CAO James Arseniadis sold 4,843 shares of the business’s stock in a transaction on Monday, August 4th. The shares were 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 directly owned 12,116 shares in the company, valued at approximately $428,664.08. The trade was a 28.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin E. Franklin sold 1,200,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the sale, the director owned 19,868,790 shares of the company’s stock, valued at approximately $688,254,885.60. This represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,789,843 shares of company stock valued at $62,262,672 in the last quarter. 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.