Verdence Capital Advisors LLC Has $4.56 Million Stake in APi Group Corporation $APG

Key Points

• Verdence Capital Advisors LLC increased its stake in APi Group by 12.0%, now owning 89,411 shares worth approximately $4.56 million.
• APi Group reported a quarterly EPS of $0.39, exceeding analysts' expectations of $0.37, with revenues reaching $1.99 billion compared to forecasts of $1.88 billion.
• Analyst ratings for APi Group vary, with a recent upgrade from JPMorgan to "overweight" coupled with a new target price of $42.00 per share.

Verdence Capital Advisors LLC raised its stake in shares of APi Group Corporation (NYSE:APG - Free Report) by 12.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 89,411 shares of the company's stock after purchasing an additional 9,586 shares during the period. Verdence Capital Advisors LLC's holdings in APi Group were worth $4,564,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in APG. Park Avenue Securities LLC boosted its stake in APi Group by 9.1% during the 1st quarter. Park Avenue Securities LLC now owns 13,938 shares of the company's stock valued at $498,000 after purchasing an additional 1,161 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in APi Group by 1,341.9% during the 1st quarter. Farther Finance Advisors LLC now owns 5,162 shares of the company's stock valued at $185,000 after purchasing an additional 4,804 shares during the last quarter. GAMMA Investing LLC boosted its stake in APi Group by 105.5% during the 1st quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after purchasing an additional 785 shares during the last quarter. Fifth Third Bancorp boosted its stake in APi Group by 6.5% during the 1st quarter. Fifth Third Bancorp now owns 11,975 shares of the company's stock valued at $428,000 after purchasing an additional 727 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in APi Group by 3.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 111,666 shares of the company's stock valued at $3,993,000 after purchasing an additional 4,157 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

APi Group Trading Down 2.8%

NYSE:APG opened at $34.04 on Monday. 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 stock has a market capitalization of $14.16 billion, a PE ratio of 106.38 and a beta of 1.62. The firm's 50 day moving average is $35.05 and its 200 day moving average is $31.72. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $36.55.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. APi Group's revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Activity at APi Group

In other APi Group news, CAO James Arseniadis sold 4,843 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.38, for a total transaction of $171,345.34. Following the sale, the chief accounting officer owned 12,116 shares of the company's stock, valued at $428,664.08. The trade was a 28.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 95,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were 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 $258,873,598.23. The trade was a 1.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,789,843 shares of company stock worth $62,262,672. Company insiders own 17.00% of the company's stock.

Analyst Upgrades and Downgrades

APG has been the subject of a number of analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of APi Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $31.00 to $42.00 in a research note on Tuesday, July 15th. Zacks Research downgraded APi Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Royal Bank Of Canada restated an "outperform" rating and issued a $34.67 target price on shares of APi Group in a research note on Friday, June 27th. Finally, Barclays restated an "overweight" rating and issued 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 two have given a Hold rating to the company. According to MarketBeat.com, APi Group currently 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.

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