APi Group (NYSE:APG) Director Martin Franklin Sells 2,000,000 Shares of Stock

APi Group Corporation (NYSE:APG) Director Martin Franklin sold 2,000,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the completion of the sale, the director directly owned 19,240,426 shares in the company, valued at approximately $809,637,126.08. This trade represents a 9.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

APi Group Price Performance

Shares of APi Group stock opened at $42.34 on Friday. The firm has a market cap of $18.34 billion, a PE ratio of -59.64, a price-to-earnings-growth ratio of 2.50 and a beta of 1.60. APi Group Corporation has a 12-month low of $31.75 and a 12-month high of $49.99. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79. The company’s fifty day simple moving average is $43.99 and its two-hundred day simple moving average is $42.28.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. As a group, equities analysts expect that APi Group Corporation will post 1.7 EPS for the current year.

Institutional Investors Weigh In On APi Group

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in shares of APi Group by 48.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 674,203 shares of the company’s stock valued at $23,172,000 after purchasing an additional 220,551 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of APi Group by 49.6% during the 3rd quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock valued at $1,207,719,000 after purchasing an additional 11,644,990 shares in the last quarter. Congress Asset Management Co. bought a new stake in shares of APi Group during the 4th quarter valued at about $49,665,000. TD Asset Management Inc lifted its position in APi Group by 40.0% during the 3rd quarter. TD Asset Management Inc now owns 218,116 shares of the company’s stock valued at $7,497,000 after acquiring an additional 62,322 shares during the period. Finally, Rathbones Group PLC lifted its position in APi Group by 215.7% during the 4th quarter. Rathbones Group PLC now owns 211,909 shares of the company’s stock valued at $8,108,000 after acquiring an additional 144,789 shares during the period. Institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

APG has been the topic of a number of recent analyst reports. Truist Financial set a $55.00 price target on shares of APi Group and gave the stock a “buy” rating in a report on Friday, May 1st. Barclays reissued an “overweight” rating and issued a $54.00 price target (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. Robert W. Baird set a $52.00 price target on shares of APi Group in a report on Friday, May 1st. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Royal Bank Of Canada lifted their target price on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.14.

About APi Group

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.