Focus Financial Network Inc. Sells 7,058 Shares of APi Group Corporation $APG

Key Points

• Focus Financial Network Inc. has decreased its stake in APi Group Corporation by 13.5%, selling 7,058 shares, which brings its total holdings to 45,181 shares worth approximately $2.3 million.
• Insider trading activity included CAO James Arseniadis selling 4,843 shares, and Director Martin E. Franklin selling 1.2 million shares for a total of $41.57 million, indicating decreased insider positions.
• Analysts have mixed reviews on APi Group, with Zacks downgrading it to a "hold" while others, like UBS, maintain a "buy" rating and increased their price target to $36.

Focus Financial Network Inc. reduced its position in APi Group Corporation (NYSE:APG - Free Report) by 13.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,181 shares of the company's stock after selling 7,058 shares during the period. Focus Financial Network Inc.'s holdings in APi Group were worth $2,306,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of APi Group in the first quarter valued at $38,000. GAMMA Investing LLC lifted its position in APi Group by 105.5% in the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock worth $55,000 after buying an additional 785 shares in the last quarter. Versant Capital Management Inc increased its position in APi Group by 339.0% in the 1st quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock worth $58,000 after purchasing an additional 1,261 shares during the last quarter. First Horizon Advisors Inc. increased its position in APi Group by 40.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock worth $60,000 after purchasing an additional 482 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new position in APi Group in the 2nd quarter worth about $98,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

Insiders Place Their Bets

In related news, CAO James Arseniadis sold 4,843 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.38, for a total transaction of $171,345.34. Following the sale, the chief accounting officer directly owned 12,116 shares in the company, valued at $428,664.08. This represents a 28.56% 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 Martin E. Franklin sold 1,200,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 in the company, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,789,843 shares of company stock valued at $62,262,672 in the last 90 days. Insiders own 17.00% of the company's stock.

APi Group Price Performance

NYSE:APG traded down $0.08 during trading hours on Monday, reaching $34.87. The company had a trading volume of 384,189 shares, compared to its average volume of 3,015,295. The stock has a 50-day moving average of $35.13 and a two-hundred day moving average of $30.69. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55. The firm has a market capitalization of $14.50 billion, a PE ratio of 108.96 and a beta of 1.61. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $0.49 EPS. The firm's quarterly 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. Analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

APG has been the topic of several recent research reports. Zacks Research lowered shares of APi Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Barclays reiterated an "overweight" rating and issued a $42.00 price objective (up from $40.00) on shares of APi Group in a report on Monday, August 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.67 price objective on shares of APi Group in a report on Friday, June 27th. Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, JPMorgan Chase & Co. upgraded shares of APi Group from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, APi Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.10.

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.