Swedbank AB Has $73.81 Million Stock Position 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 reduced its holdings in APi Group Corporation (NYSE:APG - Free Report) by 14.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,064,000 shares of the company's stock after selling 358,000 shares during the quarter. Swedbank AB owned 0.75% of APi Group worth $73,809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in APG. Durable Capital Partners LP raised its holdings in shares of APi Group by 78.0% in the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company's stock worth $318,663,000 after purchasing an additional 3,903,632 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of APi Group by 75.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company's stock worth $241,997,000 after purchasing an additional 2,906,783 shares in the last quarter. Bessemer Group Inc. increased its position in shares of APi Group by 479,614.2% in the first quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company's stock worth $102,929,000 after acquiring an additional 2,877,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of APi Group by 114.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company's stock worth $100,227,000 after acquiring an additional 1,495,268 shares in the last quarter. Finally, Select Equity Group L.P. increased its position in shares of APi Group by 36.9% in the first quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company's stock worth $161,684,000 after acquiring an additional 1,217,554 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Stock Up 2.2%

APG stock traded up $0.75 during trading hours on Thursday, hitting $35.44. The company's stock had a trading volume of 676,988 shares, compared to its average volume of 3,006,752. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $14.74 billion, a PE ratio of 110.94 and a beta of 1.61. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $36.55. The stock has a 50 day moving average price of $35.10 and a two-hundred day moving average price of $30.46.

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. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The company's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Activity

In other news, Director Ian G. H. Ashken sold 205,550 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the completion of the sale, the director directly owned 7,968,167 shares in the company, valued at approximately $280,798,205.08. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 95,000 shares of the business's stock in a transaction 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 completion of the sale, the director owned 7,348,101 shares of the company's stock, valued at $258,873,598.23. The trade was a 1.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last three months. Corporate insiders own 17.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research downgraded shares of APi Group from a "strong-buy" rating to a "hold" rating in a research report on Monday. Truist Financial lifted their target price on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $31.00 to $42.00 in a research report on Tuesday, July 15th. Royal Bank Of Canada reissued an "outperform" rating and issued a $34.67 target price on shares of APi Group in a research report on Friday, June 27th. Finally, Barclays reissued an "overweight" rating and issued a $42.00 target price (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, APi Group presently has an average rating of "Moderate Buy" and an average price target of $36.10.

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.