APi Group Corporation $APG Shares Acquired by Ethic Inc.

Ethic Inc. increased its holdings in shares of APi Group Corporation (NYSE:APG) by 33.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 40,951 shares of the company’s stock after buying an additional 10,253 shares during the period. Ethic Inc.’s holdings in APi Group were worth $2,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Securian Asset Management Inc. acquired a new stake in APi Group during the second quarter worth about $947,000. Vista Finance LLC acquired a new stake in APi Group during the second quarter worth about $205,000. Mutual of America Capital Management LLC acquired a new stake in APi Group during the second quarter worth about $6,185,000. Koshinski Asset Management Inc. acquired a new stake in APi Group during the second quarter worth about $272,000. Finally, Applied Finance Capital Management LLC acquired a new stake in APi Group during the second quarter worth about $349,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

Shares of NYSE:APG opened at $34.79 on Friday. The firm’s 50 day moving average is $34.94 and its two-hundred day moving average is $32.41. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $36.55. The firm has a market capitalization of $14.47 billion, a P/E 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 (NYSE:APG) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

APG has been the topic of several research reports. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. 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 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. Weiss Ratings restated a “hold (c+)” rating on shares of APi Group in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $34.67 price target on shares of APi Group in a research note on Friday, June 27th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.10.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 in the company, valued at $280,798,205.08. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Lillie sold 190,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the completion of the transaction, the director owned 7,443,101 shares of the company’s stock, valued at $259,615,362.88. This trade represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,789,843 shares of company stock valued at $62,262,672. 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.