Swedbank AB Has $73.81 Million Holdings in APi Group Corporation $APG

Key Points

• Swedbank AB has reduced its stake in APi Group Corporation by 14.8%, selling 358,000 shares, leaving it with approximately 2,064,000 shares valued at around $73.8 million.
• Several analysts have issued positive upgrades for APi Group, with price targets ranging from $34.67 to $42.00, indicating strong investor confidence and an average consensus rating of "Buy."
• APi Group's recent earnings report showed an earnings per share of $0.39, surpassing estimates, with a year-over-year revenue increase of 15%, highlighting strong financial performance.

Swedbank AB decreased its holdings in APi Group Corporation (NYSE:APG - Free Report) by 14.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,064,000 shares of the company's stock after selling 358,000 shares during the period. Swedbank AB owned approximately 0.75% of APi Group worth $73,809,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. SVB Wealth LLC purchased a new position in shares of APi Group in the 1st quarter valued at $38,000. GAMMA Investing LLC boosted its position in APi Group by 105.5% during the 1st 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 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 purchasing an additional 1,261 shares in the last quarter. First Horizon Advisors Inc. raised its position in APi Group by 40.5% in the first 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. Finally, Signaturefd LLC lifted its stake in shares of APi Group by 6.7% during the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock worth $145,000 after purchasing an additional 256 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 95,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total value of $3,346,850.00. Following the completion of the sale, the director directly owned 7,348,101 shares of the company's stock, valued at approximately $258,873,598.23. This represents a 1.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 205,550 shares of the firm's stock in a transaction that occurred on 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 sale, the director owned 7,968,167 shares of the company's stock, valued at $280,798,205.08. The trade was a 2.51% decrease in their ownership of the stock. 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 Stock Performance

APG traded down $0.22 during trading on Tuesday, reaching $35.04. 1,625,762 shares of the company were exchanged, compared to its average volume of 3,024,925. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $36.55. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $35.08 and a 200 day moving average of $30.40. The stock has a market cap of $14.57 billion, a P/E ratio of 109.50 and a beta of 1.61.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The business'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. On average, sell-side analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Truist Financial raised their target price on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $34.67 price objective on shares of APi Group in a research note on Friday, June 27th. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Robert W. Baird lifted their price target on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Barclays reiterated an "overweight" rating and issued a $42.00 price objective (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, APi Group has a consensus rating of "Buy" and an average target price 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.