Fifth Third Bancorp Reduces Holdings in APi Group Corporation $APG

Fifth Third Bancorp lowered its position in shares of APi Group Corporation (NYSE:APG) by 4.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,454 shares of the company’s stock after selling 521 shares during the period. Fifth Third Bancorp’s holdings in APi Group were worth $585,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of APi Group by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company’s stock worth $581,073,000 after buying an additional 621,761 shares during the last quarter. Durable Capital Partners LP increased its stake in shares of APi Group by 78.0% in the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock worth $318,663,000 after buying an additional 3,903,632 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of APi Group by 75.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock worth $241,997,000 after buying an additional 2,906,783 shares during the last quarter. Findlay Park Partners LLP increased its stake in shares of APi Group by 1.4% in the first quarter. Findlay Park Partners LLP now owns 6,445,948 shares of the company’s stock worth $230,507,000 after buying an additional 86,600 shares during the last quarter. Finally, Select Equity Group L.P. increased its stake in shares of APi Group by 36.9% in the first quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company’s stock worth $161,684,000 after buying an additional 1,217,554 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of 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 note on Tuesday, July 15th. Barclays restated an “overweight” rating and issued a $42.00 price target (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $34.67 price target on shares of APi Group in a research note on Friday, June 27th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.10.

Insider Activity

In other news, Director Martin E. Franklin sold 1,200,000 shares of the business’s 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. The trade was a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO James Arseniadis sold 4,843 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $35.38, for a total transaction of $171,345.34. Following the completion of the sale, the chief accounting officer directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 1,789,843 shares of company stock worth $62,262,672. 17.00% of the stock is owned by insiders.

APi Group Stock Up 0.2%

APG stock opened at $34.28 on Tuesday. 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 Corporation has a 1-year low of $20.50 and a 1-year high of $36.55. The firm has a fifty day moving average price of $35.09 and a two-hundred day moving average price of $31.11. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 107.12 and a beta of 1.61.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (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 company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’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. Research analysts predict that APi Group Corporation will post 1.83 EPS for the current 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.