Charles Schwab Investment Management Inc. Has $94.62 Million Holdings in APi Group Corporation $APG

Charles Schwab Investment Management Inc. decreased its position in APi Group Corporation (NYSE:APG) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,853,397 shares of the company’s stock after selling 27,732 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.45% of APi Group worth $94,616,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of APi Group by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock worth $194,000 after buying an additional 303 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of APi Group by 3.6% during the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company’s stock worth $382,000 after acquiring an additional 374 shares in the last quarter. State of Wyoming raised its holdings in shares of APi Group by 10.7% in the first quarter. State of Wyoming now owns 4,106 shares of the company’s stock valued at $147,000 after purchasing an additional 397 shares during the last quarter. Ulland Investment Advisors LLC raised its holdings in shares of APi Group by 41.5% in the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $77,000 after purchasing an additional 440 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of APi Group by 1.1% in the first quarter. Baird Financial Group Inc. now owns 42,987 shares of the company’s stock worth $1,537,000 after purchasing an additional 467 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Martin E. Franklin sold 340,000 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the sale, the director owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. This represents a 1.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 2,100,000 shares of company stock valued at $73,910,000. 17.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on APG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a research report on Tuesday. Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Citigroup lifted their target price on APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Barclays upped their target price on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, APi Group presently has an average rating of “Moderate Buy” and an average price target of $38.52.

APi Group Stock Up 0.8%

Shares of APG stock opened at $39.56 on Friday. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $39.65. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 107.89 and a beta of 1.64. The firm’s 50-day moving average is $35.74 and its 200-day moving average is $34.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. APi Group has set its FY 2025 guidance at EPS. Sell-side analysts predict that APi Group Corporation will post 1.83 EPS 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.