TD Asset Management Inc Sells 11,894 Shares of APi Group Corporation $APG

Key Points

• TD Asset Management Inc sold 11,894 shares of APi Group Corporation, reducing its holdings by 7.1% to a total of 155,794 shares valued at approximately $7.95 million.
• Insider trading activity included significant sales by the chief accounting officer and a director, totaling 1,789,843 shares worth over $62 million in the past 90 days.
• Analysts' opinions on APi Group show mixed signals with Barclays maintaining an "overweight" rating while Zacks Research downgraded the stock from "strong buy" to "hold."

TD Asset Management Inc trimmed its holdings in APi Group Corporation (NYSE:APG - Free Report) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,794 shares of the company's stock after selling 11,894 shares during the period. TD Asset Management Inc's holdings in APi Group were worth $7,953,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC grew its position in APi Group by 6.7% in the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock worth $145,000 after acquiring an additional 256 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of APi Group by 2.3% during the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company's stock worth $438,000 after buying an additional 279 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of APi Group by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company's stock worth $194,000 after buying an additional 303 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of APi Group by 3.6% during the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock worth $382,000 after buying an additional 374 shares during the period. Finally, State of Wyoming boosted its holdings in shares of APi Group by 10.7% during the 1st quarter. State of Wyoming now owns 4,106 shares of the company's stock worth $147,000 after buying an additional 397 shares during the period. 86.62% of the stock is owned by institutional investors.

Insider Buying and Selling at APi Group

In other news, 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 completion of the transaction, the chief accounting officer owned 12,116 shares in the company, valued at approximately $428,664.08. This represents a 28.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Martin E. Franklin sold 1,200,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the completion of the transaction, the director owned 19,868,790 shares of the company's stock, valued at approximately $688,254,885.60. This represents a 5.70% 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 worth $62,262,672. Corporate insiders own 17.00% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on APG shares. Barclays reaffirmed an "overweight" rating and set a $42.00 price objective (up from $40.00) on shares of APi Group in a report on Monday, August 4th. Zacks Research downgraded shares of APi Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of APi Group in a report on Wednesday, October 8th. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.10.

APi Group Price Performance

NYSE:APG opened at $34.30 on Monday. The stock has a market cap of $14.26 billion, a P/E ratio of 107.18 and a beta of 1.62. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55. The company has a fifty day moving average price of $35.02 and a 200 day moving average price of $32.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the prior year, the company posted $0.49 EPS. 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. Analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current year.

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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