APi Group Corporation $APG Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lessened its position in shares of APi Group Corporation (NYSE:APG) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 901,190 shares of the company’s stock after selling 3,000 shares during the period. Robeco Schweiz AG owned about 0.22% of APi Group worth $46,006,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Durable Capital Partners LP lifted its stake in APi Group by 78.0% during the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock worth $318,663,000 after purchasing an additional 3,903,632 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of APi Group by 75.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock worth $241,997,000 after purchasing an additional 2,906,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of APi Group by 114.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company’s stock worth $100,227,000 after buying an additional 1,495,268 shares during the last quarter. Select Equity Group L.P. boosted its holdings in shares of APi Group by 36.9% in 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 buying an additional 1,217,554 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of APi Group by 553.9% in the 1st quarter. Invesco Ltd. now owns 1,125,213 shares of the company’s stock valued at $40,238,000 after buying an additional 953,143 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on APG shares. Barclays raised their target price on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Citigroup increased their target price on APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a report on Thursday, October 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, APi Group has a consensus rating of “Moderate Buy” and a consensus price target of $38.52.

Insider Transactions at APi Group

In other APi Group news, Director Martin E. Franklin sold 1,200,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 19,868,790 shares of the company’s stock, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 2,100,000 shares of company stock valued at $73,910,000. Corporate insiders own 17.00% of the company’s stock.

APi Group Stock Up 4.0%

APG opened at $37.69 on Tuesday. The stock’s 50 day moving average price is $34.93 and its 200 day moving average price is $33.56. 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 stock has a market cap of $15.68 billion, a P/E ratio of 102.79 and a beta of 1.63. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $37.77.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.51 EPS. APi Group has set its FY 2025 guidance at EPS. As a group, research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

APi Group Profile

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.