14,067 Shares in APi Group Corporation $APG Bought by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC purchased 14,067 shares of APi Group Corporation, representing an investment of approximately $718,000 during the 2nd quarter.
• APi Group was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating, while JPMorgan Chase & Co. raised its price target from $31 to $42.
• Insider trading activity revealed that Director Ian G. H. Ashken sold 205,550 shares for over $7.24 million, decreasing his ownership in the company.

Knights of Columbus Asset Advisors LLC bought a new position in APi Group Corporation (NYSE:APG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,067 shares of the company's stock, valued at approximately $718,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APG. SVB Wealth LLC bought a new position in shares of APi Group during the first quarter valued at $38,000. GAMMA Investing LLC grew its stake in shares of APi Group by 105.5% during the 1st 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 period. First Horizon Advisors Inc. grew its stake in shares of APi Group by 40.5% during the 1st 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 period. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of APi Group during the 2nd quarter valued at about $98,000. Finally, Signaturefd LLC grew its stake in shares of APi Group by 6.7% during the 1st 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 period. 86.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on APG shares. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. raised APi Group from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $31.00 to $42.00 in a research note on Tuesday, July 15th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of APi Group in a research note on Saturday, September 27th. Barclays reaffirmed an "overweight" rating and issued a $42.00 price objective (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $34.67 price objective on shares of APi Group in a research note on Friday, June 27th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $36.10.

APi Group Stock Performance

NYSE:APG opened at $34.52 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $36.55. The stock has a 50-day moving average price of $35.08 and a 200 day moving average price of $31.47. The stock has a market capitalization of $14.35 billion, a P/E ratio of 107.86 and a beta of 1.62.

APi Group (NYSE:APG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter last year, the business posted $0.49 earnings per share. The firm's revenue was up 15.0% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO James Arseniadis sold 4,843 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.38, for a total value of $171,345.34. Following the sale, the chief accounting officer owned 12,116 shares of the company's stock, valued at $428,664.08. This represents a 28.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,789,843 shares of company stock worth $62,262,672. Company insiders own 17.00% of the company's stock.

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.

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