APi Group Corporation $APG Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in APi Group Corporation (NYSE:APG) by 3.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,198 shares of the company’s stock after selling 1,779 shares during the period. American Century Companies Inc.’s holdings in APi Group were worth $1,759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of APG. Durable Capital Partners LP boosted its stake in APi Group by 199.8% in the 4th quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company’s stock worth $180,121,000 after purchasing an additional 3,337,468 shares in the last quarter. Bessemer Group Inc. boosted its stake in APi Group by 479,614.2% in the 1st quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company’s stock worth $102,929,000 after purchasing an additional 2,877,685 shares in the last quarter. Janus Henderson Group PLC boosted its stake in APi Group by 19.2% in the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company’s stock worth $359,811,000 after purchasing an additional 1,611,744 shares in the last quarter. Invesco Ltd. boosted its stake in APi Group by 553.9% in the 1st quarter. Invesco Ltd. now owns 1,125,213 shares of the company’s stock worth $40,238,000 after purchasing an additional 953,143 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in APi Group in the 1st quarter worth approximately $19,058,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at APi Group

In other APi Group news, CAO James Arseniadis sold 4,843 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.38, for a total value of $171,345.34. Following the transaction, the chief accounting officer owned 12,116 shares of the company’s stock, valued at $428,664.08. This represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ian G. H. Ashken sold 205,550 shares of the company’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 in the company, 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. Insiders have sold 589,843 shares of company stock valued at $20,694,672 over the last 90 days. 17.00% of the stock is owned by insiders.

APi Group Trading Down 0.5%

Shares of APG stock opened at $35.72 on Tuesday. The company’s 50-day moving average price is $34.85 and its 200-day moving average price is $29.78. 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 cap of $14.85 billion, a price-to-earnings ratio of 111.61 and a beta of 1.61. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55.

APi Group (NYSE:APG) last posted its earnings results 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 net margin of 3.35% and a return on equity of 21.33%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. APi Group’s revenue for the quarter was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APG has been the subject of several research reports. Robert W. Baird lifted their price objective on shares of APi Group from $31.33 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. UBS Group lifted their price objective on shares of APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a research note 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 company from $31.00 to $42.00 in a report on Tuesday, July 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $34.67 target price on shares of APi Group in a report on Friday, June 27th. Finally, Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $36.10.

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.