Redhawk Wealth Advisors Inc. Sells 10,339 Shares of APi Group Corporation $APG

Key Points

• Redhawk Wealth Advisors Inc. reduced its holdings in APi Group Corporation ($APG) by 33.5%, selling over 10,000 shares, leaving it with 20,489 shares valued at approximately $1 million.
• Other institutional investors have also adjusted their positions, with Wealth Enhancement Advisory Services LLC increasing its stake by 75.2% amidst a broader trend of institutional ownership at 86.62%.
• APi Group reported a 15.0% year-over-year increase in revenue to $1.99 billion and surpassed earnings estimates, prompting analysts to adjust their ratings and price targets to reflect a Moderate Buy consensus.

Redhawk Wealth Advisors Inc. reduced its stake in shares of APi Group Corporation (NYSE:APG - Free Report) by 33.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,489 shares of the company's stock after selling 10,339 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in APi Group were worth $1,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in APG. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of APi Group by 114.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company's stock valued at $100,227,000 after purchasing an additional 1,495,268 shares during the last quarter. Cresset Asset Management LLC grew its holdings in APi Group by 3.6% in the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock worth $382,000 after acquiring an additional 374 shares during the last quarter. Amundi bought a new stake in APi Group in the 1st quarter worth $10,733,000. Goldman Sachs Group Inc. grew its holdings in APi Group by 73.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock worth $6,369,000 after acquiring an additional 75,490 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in APi Group by 7.1% in the 1st quarter. Russell Investments Group Ltd. now owns 249,077 shares of the company's stock worth $8,907,000 after acquiring an additional 16,419 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Insider Buying and Selling

In related news, Director James E. Lillie sold 95,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the sale, the director directly owned 7,348,101 shares in the company, valued at approximately $258,873,598.23. This trade represents a 1.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 12,116 shares of the company's stock, valued at approximately $428,664.08. This represents a 28.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,789,843 shares of company stock valued at $62,262,672. Corporate insiders own 17.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on APG shares. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Zacks Research lowered shares of APi Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $34.67 target price on shares of APi Group in a research note on Friday, June 27th. Finally, Barclays reaffirmed an "overweight" rating and set a $42.00 target price (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, APi Group presently has an average rating of "Moderate Buy" and an average target price of $36.10.

APi Group Stock Down 1.4%

APG traded down $0.49 on Friday, reaching $34.99. The company's stock had a trading volume of 5,529,216 shares, compared to its average volume of 2,491,030. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 109.35 and a beta of 1.61. 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 50 day moving average of $35.13 and a two-hundred day moving average of $30.65. 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The company's revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

About APi Group

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.