Wedmont Private Capital Takes $368,000 Position in APi Group Corporation $APG

Key Points

• Wedmont Private Capital acquired a new stake in APi Group Corporation, purchasing 7,214 shares valued at approximately $368,000. This marks continued interest from institutional investors, with 86.62% of the stock owned by hedge funds.
• Insider selling was significant, with Director Ian G. H. Ashken selling 205,550 shares worth over $7.2 million, leading to a 2.51% decrease in their position.
• APi Group received multiple analyst upgrades, with Barclays and JPMorgan raising their price targets to $42.00, signaling positive market sentiment and a consensus rating of "Moderate Buy."

Wedmont Private Capital bought a new stake in shares of APi Group Corporation (NYSE:APG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,214 shares of the company's stock, valued at approximately $368,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of APi Group by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company's stock worth $581,073,000 after purchasing an additional 621,761 shares in the last quarter. Durable Capital Partners LP boosted its position 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. boosted its position 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. Findlay Park Partners LLP boosted its position in shares of APi Group by 1.4% in the 1st quarter. Findlay Park Partners LLP now owns 6,445,948 shares of the company's stock worth $230,507,000 after purchasing an additional 86,600 shares in the last quarter. Finally, Select Equity Group L.P. boosted its position in shares of APi Group by 36.9% in the 1st quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company's stock worth $161,684,000 after purchasing an additional 1,217,554 shares in the last quarter. Institutional investors own 86.62% of the company's stock.

APi Group Price Performance

Shares of APG stock traded down $0.89 during trading hours on Tuesday, reaching $34.40. The company had a trading volume of 583,524 shares, compared to its average volume of 3,009,203. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $36.55. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 107.56 and a beta of 1.61. The stock has a fifty day moving average of $35.14 and a 200-day moving average of $30.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45.

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

Insiders Place Their Bets

In related news, CAO James Arseniadis sold 4,843 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.38, for a total value of $171,345.34. Following the transaction, the chief accounting officer directly owned 12,116 shares in the company, valued at approximately $428,664.08. This represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Martin E. Franklin sold 1,200,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total value of $41,568,000.00. Following the transaction, the director owned 19,868,790 shares in the company, valued at $688,254,885.60. This trade represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,789,843 shares of company stock valued at $62,262,672. Insiders own 17.00% of the company's stock.

Wall Street Analysts Forecast Growth

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