Exchange Traded Concepts LLC Invests $5.41 Million in APi Group Corporation $APG

Exchange Traded Concepts LLC purchased a new stake in shares of APi Group Corporation (NYSE:APG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 157,494 shares of the company’s stock, valued at approximately $5,413,000.

Other institutional investors also recently modified their holdings of the company. Bares Capital Management Inc. bought a new position in APi Group in the 2nd quarter worth approximately $30,000. SVB Wealth LLC acquired a new position in APi Group in the first quarter valued at about $38,000. EverSource Wealth Advisors LLC raised its position in shares of APi Group by 547.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock valued at $65,000 after acquiring an additional 1,078 shares during the period. Ulland Investment Advisors LLC raised its holdings in APi Group by 41.5% in the second 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. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in APi Group during the 2nd quarter worth $98,000. 86.62% of the stock is owned by institutional investors.

Insider Transactions at APi Group

In related news, Director Martin E. Franklin sold 340,000 shares of APi Group stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the sale, the director directly owned 18,968,790 shares in the company, valued at $684,583,631.10. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 900,000 shares of company stock valued at $32,342,000. 17.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research note on Tuesday. CJS Securities upgraded APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of APi Group in a research note on Monday. Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Barclays raised their price objective on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.81.

APi Group Stock Performance

APi Group stock opened at $39.40 on Thursday. The business’s 50-day moving average price is $37.37 and its two-hundred day moving average price is $35.53. The stock has a market cap of $16.39 billion, a PE ratio of 107.46 and a beta of 1.72. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $40.58. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, analysts expect that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

APi Group Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.