Simplex Trading LLC Acquires New Position in APi Group Corporation $APG

Simplex Trading LLC bought a new position in APi Group Corporation (NYSE:APG) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,059 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SVB Wealth LLC bought a new stake in shares of APi Group in the 1st quarter worth approximately $38,000. Ulland Investment Advisors LLC raised its position in APi Group by 41.5% in the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $77,000 after purchasing an additional 440 shares during the period. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in APi Group during the second quarter valued at about $98,000. Signaturefd LLC grew its stake in shares of APi Group by 6.7% during the first quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock valued at $145,000 after buying an additional 256 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of APi Group by 10.7% during the first quarter. State of Wyoming now owns 4,106 shares of the company’s stock valued at $147,000 after buying an additional 397 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 of the company’s stock, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 2,100,000 shares of company stock valued at $73,910,000. 17.00% of the stock is currently owned by corporate insiders.

APi Group Price Performance

Shares of APG stock opened at $37.32 on Friday. 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 Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $38.58. The firm has a market cap of $15.52 billion, a P/E ratio of 101.77 and a beta of 1.64. The business’s 50 day moving average price is $35.16 and its 200-day moving average price is $33.79.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $2.09 billion during 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 firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. APi Group has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate 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 recent research reports. Citigroup boosted their target price on APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a research note on Thursday, October 30th. Barclays increased their price objective on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Finally, Zacks Research cut shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, APi Group currently has an average rating of “Moderate Buy” and a consensus target price of $38.52.

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.