D.A. Davidson & CO. Sells 924 Shares of APi Group Corporation $APG

D.A. Davidson & CO. lowered its stake in shares of APi Group Corporation (NYSE:APG) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 78,405 shares of the company’s stock after selling 924 shares during the quarter. D.A. Davidson & CO.’s holdings in APi Group were worth $4,003,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in APi Group by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company’s stock valued at $581,073,000 after acquiring an additional 621,761 shares during the period. Durable Capital Partners LP boosted its holdings in APi Group by 78.0% during the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock valued at $318,663,000 after acquiring an additional 3,903,632 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in APi Group by 75.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock valued at $241,997,000 after acquiring an additional 2,906,783 shares during the period. Findlay Park Partners LLP boosted its holdings in APi Group by 1.4% during the 1st quarter. Findlay Park Partners LLP now owns 6,445,948 shares of the company’s stock valued at $230,507,000 after acquiring an additional 86,600 shares during the period. Finally, Select Equity Group L.P. boosted its holdings in APi Group by 36.9% during the 1st quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company’s stock valued at $161,684,000 after acquiring an additional 1,217,554 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling

In other news, Director Ian G. H. Ashken sold 205,550 shares of the business’s stock in a transaction on 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 completion of the transaction, the director directly owned 7,968,167 shares of the company’s stock, valued at approximately $280,798,205.08. The trade was a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Martin E. Franklin sold 1,200,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director directly owned 19,868,790 shares of the company’s stock, valued at approximately $688,254,885.60. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,789,843 shares of company stock valued at $62,262,672. 17.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APG. Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. 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. JPMorgan Chase & Co. upgraded APi Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.10.

APi Group Trading Up 0.8%

APG opened at $34.79 on Friday. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 108.73 and a beta of 1.62. 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 fifty day moving average price of $34.94 and a 200-day moving average price of $32.41.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm 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 business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

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.