Redhawk Wealth Advisors Inc. Has $1.05 Million Stake in 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. trimmed its holdings in shares of APi Group Corporation (NYSE:APG - Free Report) by 33.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,489 shares of the company's stock after selling 10,339 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in APi Group were worth $1,046,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of APG. SVB Wealth LLC bought a new position in APi Group in the 1st quarter valued at about $38,000. GAMMA Investing LLC increased its holdings in APi Group by 105.5% in the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after buying an additional 785 shares during the period. Versant Capital Management Inc increased its holdings in APi Group by 339.0% in the 1st quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock valued at $58,000 after buying an additional 1,261 shares during the period. First Horizon Advisors Inc. increased its holdings in APi Group by 40.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock valued at $60,000 after buying an additional 482 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in APi Group in the 2nd quarter valued at about $98,000. 86.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on APG. Zacks Research lowered shares of APi Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Royal Bank Of Canada restated an "outperform" rating and issued a $34.67 price target on shares of APi Group in a research note on Friday, June 27th. Barclays restated an "overweight" rating and issued a $42.00 price target (up from $40.00) on shares of APi Group in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. upgraded shares of APi Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.10.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 205,550 shares of APi Group stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the sale, the director directly owned 7,968,167 shares in the company, valued at $280,798,205.08. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Lillie sold 95,000 shares of APi Group stock in a transaction that occurred on 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 owned 7,348,101 shares in the company, valued at approximately $258,873,598.23. This represents a 1.28% 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 quarter. 17.00% of the stock is currently owned by corporate insiders.

APi Group Trading Up 1.0%

NYSE:APG traded up $0.34 during mid-day trading on Monday, hitting $35.29. 1,700,994 shares of the company's stock were exchanged, compared to its average volume of 2,643,741. The company has a 50 day simple moving average of $35.14 and a 200-day simple moving average of $30.77. 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 fifty-two week low of $20.50 and a fifty-two week high of $36.55. The firm has a market capitalization of $14.67 billion, a P/E ratio of 110.27 and a beta of 1.61.

APi Group (NYSE:APG - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping 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 business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company earned $0.49 EPS. The firm's revenue was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts expect that APi Group Corporation will post 1.83 earnings per share for the current 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.