Koshinski Asset Management Inc. Acquires New Shares in APi Group Corporation $APG

Koshinski Asset Management Inc. acquired a new stake in APi Group Corporation (NYSE:APG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 5,329 shares of the company’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in APi Group by 105.5% in the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company’s stock valued at $55,000 after purchasing an additional 785 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in APi Group by 3.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 111,666 shares of the company’s stock valued at $3,993,000 after purchasing an additional 4,157 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in APi Group by 29.4% in the first quarter. Asset Management One Co. Ltd. now owns 116,346 shares of the company’s stock valued at $4,161,000 after purchasing an additional 26,449 shares during the last quarter. Davidson Kahn Capital Management LLC grew its stake in APi Group by 19.3% in the first quarter. Davidson Kahn Capital Management LLC now owns 57,570 shares of the company’s stock valued at $2,059,000 after purchasing an additional 9,303 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN grew its stake in APi Group by 0.6% in the first quarter. Kirr Marbach & Co. LLC IN now owns 182,031 shares of the company’s stock valued at $6,509,000 after purchasing an additional 1,007 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 205,550 shares of the company’s stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO James Arseniadis sold 4,843 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.38, for a total value of $171,345.34. Following the completion of the sale, the chief accounting officer owned 12,116 shares in the company, valued at approximately $428,664.08. This represents a 28.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,789,843 shares of company stock worth $62,262,672 in the last ninety days. Corporate insiders own 17.00% of the company’s stock.

APi Group Price Performance

Shares of NYSE APG opened at $34.84 on Tuesday. The business’s 50 day moving average price is $35.01 and its 200 day moving average price is $32.19. The firm has a market cap of $14.49 billion, a P/E ratio of 108.87 and a beta of 1.62. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $36.55. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87.

APi Group (NYSE:APG) last issued 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. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.APi Group’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that APi Group Corporation will post 1.83 earnings per share 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.