On September 8, 2023, it was reported that Charles Schwab Investment Management Inc. had increased its holdings in APi Group Co. by 1.6% in the first quarter of the year. According to their filing with the Securities and Exchange Commission (SEC), the investment management company now owned 1,977,787 shares of APi Group’s stock after purchasing an additional 31,825 shares during the period. This represents approximately 0.84% ownership of APi Group and a total worth of $44,461,000 at the end of the reporting period.

APi Group (NYSE:APG) recently announced its quarterly earnings data on Thursday, August 3rd. The company reported earnings per share (EPS) of $0.41 for the quarter, surpassing analysts’ consensus estimates of $0.40 by $0.01. Its revenue for the quarter stood at $1.77 billion compared to analyst estimates of $1.77 billion. Overall, APi Group witnessed a growth in quarterly revenue by 7.4% when compared to the same period last year.

Furthermore, APi Group had a return on equity (ROE) of 17.35% and a net margin of 1.66%. These financial indicators demonstrate the company’s ability to generate profits from shareholder investments and achieve operational efficiency.

Analysts on Wall Street predict that APi Group Co.’s earnings per share for the current fiscal year will be approximately $1.51 when all is said and done.

In other news related to APi Group Co., Director James E. Lillie conducted a transaction where he sold 87,272 shares of the stock on Monday, August 7th at an average price of $28.17 per share, amounting to a total value of approximately $2,458,452.24. Following this transaction, Director Lillie now possesses 4,303,693 shares in APi Group Co., reflecting a value of about $121,235,031.81. This sale was disclosed in a filing with the SEC and can be accessed through the provided link.

Additionally, insider Juno Holdings L.P. Fd also sold 2,598,609 shares of APi Group Co.’s stock on Monday, August 14th at an average price of $27.80 per share. The total value of this transaction amounted to approximately $72,241,330.20. The details of this sale were also filed with the SEC and can be accessed through their website.

It is worth mentioning that Director James E. Lillie made another transaction involving the sale of 87,272 shares on Monday, August 7th at an average price of $28.17 per share for a total value of $2,458,452.24. Following this transaction completion, Director Lillie now holds 4,303,693 shares valued at approximately $121,235,.331.

According to disclosures made by corporate insiders to the SEC in relation to these transactions, it is revealed that they collectively own about 16.40% of the company’s stock.

These recent developments highlight significant changes in APi Group Co.’s share ownership and trading activities by key individuals within the company. As shareholders closely monitor such activities and earnings reports like those released on August 3rd are scrutinized by financial analysts and investors alike for insights into APi Group’s overall performance and future prospects in the market.

Investor Confidence and Market Performance: A Promising Outlook for APi Group

APi Group, a leading provider of safety solutions and specialty services, has seen several large investors make changes to their positions in the business. In particular, Vanguard Group Inc. recently increased its position in APi Group by 1.3% during the third quarter. This move has solidified Vanguard Group’s ownership of 18,749,793 shares of the company’s stock, which is currently valued at $248,811,000.

Additionally, ADW Capital Management LLC has also shown an increased interest in APi Group by lifting its position by 13.2% during the fourth quarter. ADW Capital Management now owns 4,300,000 shares of the company’s stock worth $80,883,000.

State Street Corp and Geode Capital Management LLC have also raised their holdings in APi Group. State Street Corp raised its holdings by 2.7% during the third quarter and now owns 4,086,419 shares valued at $54,227,000. Geode Capital Management LLC increased its holdings by 3.3% during the fourth quarter and now possesses 3,720,062 shares valued at $69,974,000.

Furthermore, Robeco Schweiz AG raised its holdings in APi Group by an impressive 17.4% during the first quarter. As a result of this increase in ownership, Robeco Schweiz AG now holds approximately 3,066,900 shares valued at $64,497.

These significant developments showcase increasing investor confidence in APi Group’s potential for growth and profitability.

Turning our attention to key market information on APi Group Co., we can observe that as of September 8th of this year (2023), the company opened trading on NYSE at a price of $27.28 per share. With a market capitalization of approximately $6.43 billion and a price-to-earnings ratio of 101.04, APi Group Co. is poised for success in the market.

Additionally, APi Group Co. boasts a price-to-earnings-growth ratio of 1.03 and a beta of 1.60, indicating its strong position within its industry and the potential for future growth.

In terms of historical stock performance, APi Group Co. has experienced a one year low of $13.09 and a one year high of $29.57, emphasizing the company’s ability to generate substantial returns for shareholders.

Analyzing short-term trends, we find that APi Group Co.’s stock has displayed consistency with a 50-day simple moving average of $27.94 and a 200-day simple moving average of $24.63.

With regards to financial health, APi Group Co.’s current ratio stands at 1.53 while its quick ratio is at 1.43, reflecting the company’s solid liquidity position.

Several research firms have also provided insight into APi Group’s performance in the market. Barclays, for instance, raised their price target on APi Group from $29.00 to $34.00 and assigned an “overweight” rating to the stock in August.

Likewise, Robert W. Baird increased their price target from $29.00 to $34.00 and gave APi Group an “outperform” rating earlier this month.

Citigroup also adjusted their price target on APi Group from $28.00 to $32.00 in July, further highlighting the company’s positive outlook in the eyes of experts.

Royal Bank of Canada raised their target price from $25.00 to $31.00 and assigned a “sector perform” rating to APi Group after assessing its overall performance in August.

Overall, these ratings contribute to Bloomberg.com’s consensus rating of “Moderate Buy” for APi Group with an average price target of $31.00.

As APi Group continues to attract the attention of notable investors and receive favorable ratings from research firms, it positions itself as a promising player in the safety solutions and specialty services industry. With strong market performance and increasing investor confidence, APi Group is poised for continued success in the future.

The post Charles Schwab Increases Holdings in APi Group Co. as Company Reports Positive Earnings and Insider Trading Activity Revealed appeared first on Best Stocks.