Trexquant Investment LP Raises Position in APi Group Corporation $APG

Key Points

• Trexquant Investment LP increased its holdings in APi Group by 49.1% during the first quarter, owning 517,559 shares valued at approximately $18.5 million.
• Insider transactions included Director Ian G. H. Ashken selling 205,550 shares for over $7.24 million, reducing his ownership by 2.51%.
• APi Group's recent financial performance included a revenue increase of 15% year-over-year and earnings per share of $0.39, surpassing analyst expectations.

Trexquant Investment LP grew its stake in shares of APi Group Corporation (NYSE:APG - Free Report) by 49.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 517,559 shares of the company's stock after purchasing an additional 170,412 shares during the period. Trexquant Investment LP owned approximately 0.19% of APi Group worth $18,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APG. Durable Capital Partners LP increased its stake in APi Group by 199.8% in the 4th quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company's stock valued at $180,121,000 after buying an additional 3,337,468 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in APi Group by 75.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company's stock valued at $241,997,000 after buying an additional 2,906,783 shares during the last quarter. Bessemer Group Inc. increased its stake in APi Group by 479,614.2% in the 1st quarter. Bessemer Group Inc. now owns 2,878,285 shares of the company's stock valued at $102,929,000 after buying an additional 2,877,685 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of APi Group by 19.2% during the 4th quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock valued at $359,811,000 after acquiring an additional 1,611,744 shares during the period. Finally, Permian Investment Partners LP grew its position in shares of APi Group by 51.7% during the 4th quarter. Permian Investment Partners LP now owns 3,050,622 shares of the company's stock valued at $109,731,000 after acquiring an additional 1,040,000 shares during the period. Hedge funds and other institutional investors own 86.62% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on APG shares. Robert W. Baird raised their price objective on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Truist Financial increased their target price on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upgraded shares of APi Group from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $31.00 to $42.00 in a research note on Tuesday, July 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.67 target price on shares of APi Group in a research note on Friday, June 27th. Finally, Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $36.10.

Insider Buying and Selling

In related news, Director Ian G. H. Ashken sold 205,550 shares of APi Group stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the transaction, the director owned 7,968,167 shares in the company, valued at $280,798,205.08. This trade represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO James Arseniadis sold 4,843 shares of APi Group stock in a transaction on Monday, August 4th. The stock was sold at an average price of $35.38, for a total transaction of $171,345.34. Following the completion of the transaction, the chief accounting officer owned 12,116 shares in the company, valued at approximately $428,664.08. The trade was a 28.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 589,843 shares of company stock worth $20,694,672 in the last 90 days. 17.00% of the stock is owned by company insiders.

APi Group Price Performance

Shares of APi Group stock traded down $0.20 on Friday, hitting $35.72. 2,259,810 shares of the company traded hands, compared to its average volume of 2,473,451. The firm's 50-day simple moving average is $34.81 and its 200 day simple moving average is $29.71. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The company has a market cap of $14.85 billion, a P/E ratio of 111.61 and a beta of 1.61. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $36.55.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

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.