Personal CFO Solutions LLC Makes New Investment in APi Group Corporation $APG

Personal CFO Solutions LLC purchased a new position in APi Group Corporation (NYSE:APG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,517 shares of the company’s stock, valued at approximately $231,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in APi Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company’s stock valued at $1,199,357,000 after purchasing an additional 453,543 shares during the period. Price T Rowe Associates Inc. MD increased 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 worth $581,073,000 after purchasing an additional 621,761 shares during the period. Durable Capital Partners LP boosted its stake in shares of APi Group by 78.0% in the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock valued at $318,663,000 after buying an additional 3,903,632 shares during the period. T. Rowe Price Investment Management Inc. grew its position 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 buying an additional 2,906,783 shares in the last quarter. Finally, Findlay Park Partners LLP increased its stake in shares of APi Group by 1.4% during the first quarter. Findlay Park Partners LLP now owns 6,445,948 shares of the company’s stock worth $230,507,000 after buying an additional 86,600 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on APG. Barclays lifted their price target on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Citigroup lifted their price objective on shares of APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and a consensus target price of $38.52.

Insider Activity

In related news, Director Martin E. Franklin sold 340,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the sale, the director directly owned 18,968,790 shares of the company’s stock, valued at $684,583,631.10. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 2,100,000 shares of company stock valued at $73,910,000. 17.00% of the stock is owned by corporate insiders.

APi Group Trading Up 0.4%

Shares of APi Group stock opened at $36.91 on Monday. The company has a fifty day simple moving average of $35.35 and a 200-day simple moving average of $34.23. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $38.58. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 100.67 and a beta of 1.63.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. APi Group had a net margin of 3.44% and a return on equity of 21.86%. APi Group’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. APi Group has set its FY 2025 guidance at EPS. On average, equities analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

APi Group Company 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.