Virtu Financial LLC Takes Position in APi Group Co. (NYSE:APG)

Virtu Financial LLC acquired a new stake in APi Group Co. (NYSE:APG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,630 shares of the company's stock, valued at approximately $813,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of APG. Advantage Alpha Capital Partners LP raised its holdings in shares of APi Group by 79.6% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company's stock valued at $8,885,000 after buying an additional 119,229 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of APi Group during the third quarter valued at approximately $881,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of APi Group during the third quarter worth $2,586,000. Oppenheimer Asset Management Inc. boosted its stake in shares of APi Group by 60.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company's stock valued at $3,290,000 after purchasing an additional 37,531 shares during the period. Finally, Strategic Financial Concepts LLC grew its holdings in APi Group by 3,622.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company's stock valued at $148,000 after purchasing an additional 382,012 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now owns 5,478,779 shares of the company's stock, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the sale, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

APi Group Stock Performance

APG traded down $0.57 during trading hours on Friday, hitting $37.63. 1,675,645 shares of the stock were exchanged, compared to its average volume of 1,695,327. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of -19.10 and a beta of 1.55. The stock has a 50-day simple moving average of $35.74 and a 200-day simple moving average of $35.71. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 12 month low of $30.26 and a 12 month high of $40.89.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm posted $0.48 EPS. The company's revenue for the quarter was up 2.4% on a year-over-year basis. Analysts anticipate that APi Group Co. will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, November 26th. Barclays boosted their price target on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Citigroup raised their price objective on APi Group from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. Finally, William Blair reissued an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.43.

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.