Equitable Trust Co. Grows Stock Position in APi Group Corporation $APG

Key Points

• Equitable Trust Co. increased its stake in APi Group Corporation by 60.5% in the second quarter, now owning 33,500 shares valued at $1.71 million.
• APi Group reported earnings of $0.39 per share for the last quarter, beating estimates, with a 15% year-over-year revenue growth totaling $1.99 billion.
• Following recent transactions, insiders have sold approximately $62 million worth of stock, indicating significant activity among corporate insiders.

Equitable Trust Co. lifted its stake in shares of APi Group Corporation (NYSE:APG - Free Report) by 60.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,500 shares of the company's stock after purchasing an additional 12,630 shares during the quarter. Equitable Trust Co.'s holdings in APi Group were worth $1,710,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of APG. Farther Finance Advisors LLC raised its stake in shares of APi Group by 1,341.9% during the first quarter. Farther Finance Advisors LLC now owns 5,162 shares of the company's stock worth $185,000 after purchasing an additional 4,804 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock worth $55,000 after purchasing an additional 785 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of APi Group by 6.5% during the first quarter. Fifth Third Bancorp now owns 11,975 shares of the company's stock worth $428,000 after purchasing an additional 727 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of APi Group by 3.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 111,666 shares of the company's stock worth $3,993,000 after purchasing an additional 4,157 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of APi Group by 29.4% during the first quarter. Asset Management One Co. Ltd. now owns 116,346 shares of the company's stock worth $4,161,000 after purchasing an additional 26,449 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Trading Up 0.4%

Shares of APG stock opened at $34.69 on Wednesday. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The stock has a market cap of $14.43 billion, a P/E ratio of 108.42 and a beta of 1.62. The business has a fifty day simple moving average of $35.03 and a 200-day simple moving average of $31.82. 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 for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The business 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 business's revenue for the quarter 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. On average, analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APG has been the subject of several analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of APi Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.67 price objective on shares of APi Group in a report on Friday, June 27th. Barclays reaffirmed an "overweight" rating and set a $42.00 price objective (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. Finally, Zacks Research lowered APi Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 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, APi Group presently has a consensus rating of "Moderate Buy" and an average target price of $36.10.

Insider Transactions at APi Group

In related news, Director Martin E. Franklin sold 1,200,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the sale, the director owned 19,868,790 shares of the company's stock, valued at $688,254,885.60. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO James Arseniadis sold 4,843 shares of the 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 sale, the chief accounting officer directly owned 12,116 shares in the company, valued at approximately $428,664.08. The trade was a 28.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,789,843 shares of company stock worth $62,262,672. Corporate 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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