Signaturefd LLC Sells 768 Shares of APi Group Corporation $APG

Signaturefd LLC lowered its position in APi Group Corporation (NYSE:APG) by 18.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,299 shares of the company’s stock after selling 768 shares during the quarter. Signaturefd LLC’s holdings in APi Group were worth $168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in 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 purchasing an additional 621,761 shares in the last quarter. Durable Capital Partners LP lifted its holdings in APi Group by 78.0% during 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 period. T. Rowe Price Investment Management Inc. lifted its holdings in APi Group by 75.3% during 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 period. Findlay Park Partners LLP lifted its holdings in APi Group by 1.4% during 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 period. Finally, Select Equity Group L.P. lifted its holdings in APi Group by 36.9% during 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 period. Institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 95,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was 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 of the company’s stock, valued at approximately $258,873,598.23. This trade represents a 1.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total value of $7,243,582.00. Following the sale, the director directly owned 7,968,167 shares in the company, valued at $280,798,205.08. This represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last quarter. 17.00% of the stock is currently owned by company insiders.

APi Group Price Performance

NYSE APG opened at $34.61 on Friday. The stock’s fifty day moving average price is $35.07 and its 200 day moving average price is $31.29. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 108.14 and a beta of 1.62. 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.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

APG has been the subject of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $34.67 target price on shares of APi Group in a report on Friday, June 27th. Barclays restated an “overweight” rating and set a $42.00 target price (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. Weiss Ratings restated a “hold (c+)” rating on shares of APi Group in a report on Saturday, September 27th. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.