46,000 Shares in APi Group Corporation $APG Acquired by South Dakota Investment Council

South Dakota Investment Council acquired a new position in APi Group Corporation (NYSE:APG) during the second quarter, according to its most recent filing with the SEC. The firm acquired 46,000 shares of the company’s stock, valued at approximately $2,348,000.

A number of other large investors have also recently made changes to their positions in the business. Signaturefd LLC grew its position in shares of APi Group by 6.7% in the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock worth $145,000 after buying an additional 256 shares during the last quarter. Amalgamated Bank boosted its position in shares of APi Group by 2.3% during the first quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock valued at $438,000 after purchasing an additional 279 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of APi Group by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock valued at $194,000 after purchasing an additional 303 shares in the last quarter. Cresset Asset Management LLC boosted its position in shares of APi Group by 3.6% during the first quarter. Cresset Asset Management LLC now owns 10,693 shares of the company’s stock valued at $382,000 after purchasing an additional 374 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of APi Group by 10.7% during the first quarter. State of Wyoming now owns 4,106 shares of the company’s stock valued at $147,000 after purchasing an additional 397 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 95,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the completion of the sale, the director owned 7,348,101 shares in the company, valued at approximately $258,873,598.23. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin E. Franklin sold 1,200,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total value 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 trade represents a 5.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,785,000 shares of company stock worth $62,091,327. 17.00% of the stock is owned by insiders.

APi Group Stock Down 2.9%

APi Group stock opened at $35.74 on Tuesday. The stock has a market cap of $14.87 billion, a PE ratio of 97.49 and a beta of 1.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. APi Group Corporation has a one year low of $20.50 and a one year high of $37.04. The stock has a fifty day moving average of $34.90 and a 200 day moving average of $33.11.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.APi Group’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. APi Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that APi Group Corporation will post 1.83 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded APi Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Barclays lifted their price objective on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Citigroup boosted their price target on APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday. Eight 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.52.

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.