Wealth Enhancement Advisory Services LLC Raises Holdings in APi Group Corporation $APG

Key Points

• Wealth Enhancement Advisory Services LLC has increased its holdings in APi Group Corporation by 75.2% during the second quarter, now owning 26,878 shares valued at approximately $1.37 million.
• JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating with a price target increase from $31 to $42, while Zacks downgraded it from "strong-buy" to "hold."
• Insiders have sold significant amounts of stock recently, with Director James E. Lillie selling 190,000 shares for approximately $6.63 million, reflecting a 2.49% decrease in their position.

Wealth Enhancement Advisory Services LLC increased its position in APi Group Corporation (NYSE:APG - Free Report) by 75.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 26,878 shares of the company's stock after purchasing an additional 11,533 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in APi Group were worth $1,372,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in APi Group in the first quarter valued at approximately $38,000. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 785 shares during the period. Versant Capital Management Inc raised its position 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 during the last quarter. First Horizon Advisors Inc. boosted its stake in APi Group by 40.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock worth $60,000 after purchasing an additional 482 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in APi Group during the 2nd quarter worth $98,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director James E. Lillie sold 190,000 shares of APi Group stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the completion of the sale, the director owned 7,443,101 shares in the company, valued at approximately $259,615,362.88. This trade represents a 2.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 205,550 shares of the business's stock in a transaction dated 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 completion of the transaction, the director directly 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,789,843 shares of company stock worth $62,262,672. 17.00% of the stock is currently owned by corporate insiders.

APi Group Stock Performance

NYSE:APG opened at $34.37 on Wednesday. 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 company has a market capitalization of $14.29 billion, a P/E ratio of 107.41 and a beta of 1.61. The firm has a 50-day moving average price of $35.09 and a two-hundred day moving average price of $31.14. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating 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 analyst estimates of $1.88 billion. During the same period in the prior year, the business earned $0.49 earnings per share. The company's quarterly 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. As a group, research analysts expect that APi Group Corporation will post 1.83 earnings per share for the current fiscal 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.

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