APi Group Co. (NYSE:APG) Director Sells $1,986,113.16 in Stock

APi Group Co. (NYSE:APG) Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the sale, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

APi Group Stock Down 2.3 %

Shares of NYSE APG opened at $35.37 on Friday. APi Group Co. has a 1 year low of $28.97 and a 1 year high of $39.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a market cap of $9.72 billion, a PE ratio of -17.95 and a beta of 1.54. The company has a 50 day simple moving average of $34.11 and a 200 day simple moving average of $35.59.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 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 analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. APi Group’s revenue was up 2.4% compared to the same quarter last year. On average, research analysts forecast that APi Group Co. will post 1.86 EPS for the current year.

Institutional Investors Weigh In On APi Group

A number of institutional investors have recently made changes to their positions in APG. Vanguard Group Inc. raised its position in shares of APi Group by 5.0% during the first quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock worth $856,950,000 after acquiring an additional 1,031,564 shares during the last quarter. Janus Henderson Group PLC raised its holdings in APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after purchasing an additional 1,351,013 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of APi Group by 4.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock worth $227,881,000 after purchasing an additional 324,544 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of APi Group by 39.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock valued at $253,030,000 after purchasing an additional 1,826,227 shares during the last quarter. Finally, Capital Research Global Investors increased its position in shares of APi Group by 271.2% during the first quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock worth $169,701,000 after buying an additional 3,157,283 shares during the period. Institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on APG shares. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. JPMorgan Chase & Co. dropped their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays lifted their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird dropped their price objective on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

APi Group Company 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.