APi Group (NYSE:APG) Director Sells $2,705,475.50 in Stock

APi Group Corporation (NYSE:APG) Director James Lillie sold 59,461 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $45.50, for a total transaction of $2,705,475.50. Following the completion of the sale, the director owned 9,237,350 shares of the company’s stock, valued at approximately $420,299,425. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

APi Group Trading Up 1.8%

Shares of NYSE APG traded up $0.83 during mid-day trading on Wednesday, hitting $46.42. The stock had a trading volume of 3,071,772 shares, compared to its average volume of 2,898,728. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.36 and a current ratio of 1.44. APi Group Corporation has a 1 year low of $28.36 and a 1 year high of $49.99. The business has a 50 day moving average price of $43.71 and a two-hundred day moving average price of $41.02. The firm has a market cap of $20.11 billion, a P/E ratio of -65.38, a price-to-earnings-growth ratio of 2.64 and a beta of 1.67.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS. On average, equities analysts anticipate that APi Group Corporation will post 1.69 EPS for the current fiscal year.

Institutional Trading of APi Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APG. Sound Income Strategies LLC purchased a new position in shares of APi Group during the 4th quarter worth $27,000. Clearstead Advisors LLC increased its stake in shares of APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after purchasing an additional 427 shares in the last quarter. Silicon Valley Capital Partners raised its holdings in APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after purchasing an additional 286 shares during the period. Parallel Advisors LLC raised its holdings in APi Group by 55.3% in the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after purchasing an additional 297 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in APi Group by 1,851.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APG has been the subject of a number of research analyst reports. Citigroup reissued a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of APi Group in a report on Friday, May 1st. Royal Bank Of Canada boosted their price objective on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays lifted their target price on shares of APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Finally, Truist Financial set a $55.00 price target on APi Group and gave the company a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.86.

APi Group Company 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.