Creative Planning Raises Holdings in APi Group Corporation $APG

Creative Planning increased its holdings in APi Group Corporation (NYSE:APG) by 23.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,887 shares of the company’s stock after buying an additional 7,996 shares during the period. Creative Planning’s holdings in APi Group were worth $2,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SVB Wealth LLC bought a new position in shares of APi Group in the 1st quarter worth $38,000. Ulland Investment Advisors LLC grew its stake in 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. Financiere des Professionnels Fonds d investissement inc. bought a new position in APi Group in the second quarter worth about $98,000. State of Wyoming lifted its position 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. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of APi Group by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock valued at $194,000 after buying an additional 303 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Activity

In related news, Director Martin E. Franklin sold 1,200,000 shares of APi Group stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the completion of the sale, the director owned 19,868,790 shares of the company’s stock, valued at $688,254,885.60. The trade was a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 2,100,000 shares of company stock valued at $73,910,000 in the last three months. Company insiders own 17.00% of the company’s stock.

APi Group Trading Up 3.3%

NYSE:APG opened at $38.95 on Wednesday. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $39.05. The firm has a fifty day simple moving average of $35.48 and a 200-day simple moving average of $34.36. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $16.20 billion, a P/E ratio of 106.24 and a beta of 1.64.

APi Group (NYSE:APG) last released its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. 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.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on APG shares. Citigroup boosted their price objective on shares of APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Barclays upped their price target on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a research report on Thursday, October 30th. Finally, Zacks Research downgraded APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.52.

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.