Roundview Capital LLC cut its stake in shares of APi Group Corporation (NYSE:APG – Free Report) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 39,158 shares of the company’s stock after selling 465 shares during the quarter. Roundview Capital LLC’s holdings in APi Group were worth $1,999,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. SVB Wealth LLC acquired a new position in APi Group during the first quarter valued at approximately $38,000. GAMMA Investing LLC boosted its position in APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock valued at $55,000 after purchasing an additional 785 shares during the last quarter. First Horizon Advisors Inc. boosted its position in APi Group by 40.5% during the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company’s stock valued at $60,000 after purchasing an additional 482 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in APi Group during the second quarter valued at approximately $98,000. Finally, Signaturefd LLC boosted its position in APi Group by 6.7% during the first quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock valued at $145,000 after purchasing an additional 256 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.
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 on Tuesday, September 2nd. The stock was 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 in the company, valued at $688,254,885.60. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 205,550 shares of the firm’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 transaction, the director owned 7,968,167 shares in the company, valued at approximately $280,798,205.08. This trade represents a 2.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,789,843 shares of company stock worth $62,262,672 in the last ninety days. 17.00% of the stock is currently owned by company insiders.
APi Group Price Performance
APi Group (NYSE:APG – Get Free Report) last announced its earnings results 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. The company had revenue of $1.99 billion for 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 firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on APG shares. Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Barclays reaffirmed an “overweight” rating and issued a $42.00 price objective (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research report on Saturday, September 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.67 price objective on shares of APi Group in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.10.
Check Out Our Latest Analysis on APG
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.
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