Strs Ohio Sells 76,008 Shares of APi Group Corporation $APG

Strs Ohio trimmed its stake in shares of APi Group Corporation (NYSE:APG) by 22.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,130 shares of the company’s stock after selling 76,008 shares during the quarter. Strs Ohio’s holdings in APi Group were worth $13,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position 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 acquiring an additional 621,761 shares during the last quarter. Durable Capital Partners LP grew its position in APi Group by 78.0% during the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock worth $318,663,000 after acquiring an additional 3,903,632 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in APi Group by 75.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock worth $241,997,000 after acquiring an additional 2,906,783 shares during the last quarter. Findlay Park Partners LLP lifted its holdings in APi Group by 1.4% in the 1st 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. Finally, Select Equity Group L.P. lifted its holdings in 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 worth $161,684,000 after buying an additional 1,217,554 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 190,000 shares of APi Group stock in a transaction on Monday, August 11th. The stock was 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 in the company, valued at approximately $259,615,362.88. The trade was a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.38, for a total value of $171,345.34. Following the transaction, the chief accounting officer owned 12,116 shares of the company’s stock, valued at $428,664.08. The trade was a 28.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,789,843 shares of company stock worth $62,262,672 over the last three months. 17.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of APi Group in a report on Thursday. Barclays reissued an “overweight” rating and set a $42.00 price objective (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Citigroup boosted their price objective on shares of APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, JPMorgan Chase & Co. raised shares of APi Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.24.

APi Group Trading Up 4.9%

NYSE APG opened at $36.80 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.83. The firm has a market capitalization of $15.30 billion, a PE ratio of 100.36 and a beta of 1.62. The stock’s 50 day moving average is $34.90 and its 200 day moving average is $32.95.

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