Cetera Investment Advisers Has $3.11 Million Position in APi Group Corporation $APG

Cetera Investment Advisers trimmed its position in shares of APi Group Corporation (NYSE:APG) by 8.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,001 shares of the company’s stock after selling 5,405 shares during the quarter. Cetera Investment Advisers’ holdings in APi Group were worth $3,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Creative Planning raised its holdings in shares of APi Group by 23.6% in the second quarter. Creative Planning now owns 41,887 shares of the company’s stock valued at $2,138,000 after purchasing an additional 7,996 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of APi Group by 205.9% during the 2nd quarter. SG Americas Securities LLC now owns 12,223 shares of the company’s stock worth $624,000 after purchasing an additional 8,227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of APi Group in the 2nd quarter valued at approximately $3,195,000. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of APi Group by 12.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 93,378 shares of the company’s stock worth $4,767,000 after buying an additional 10,427 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of APi Group by 7.3% during the 2nd quarter. Geode Capital Management LLC now owns 4,225,485 shares of the company’s stock valued at $214,990,000 after purchasing an additional 286,405 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other APi Group news, Director Martin E. Franklin sold 1,200,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $34.64, for a total value of $41,568,000.00. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 2,100,000 shares of company stock valued at $73,910,000 over the last ninety days. 17.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

APG has been the topic of a number of research reports. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of APi Group in a report on Tuesday. Barclays raised their price target on shares of APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Finally, Citigroup lifted their price objective on shares of APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.52.

APi Group Stock Performance

Shares of APG stock opened at $39.27 on Friday. The company has a market capitalization of $16.33 billion, a P/E ratio of 107.09 and a beta of 1.64. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $39.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The stock has a 50 day moving average price of $35.65 and a two-hundred day moving average price of $34.43.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Analysts expect that APi Group Corporation will post 1.83 earnings per share for the current year.

About APi Group

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.