James Arseniadis Sells 4,843 Shares of APi Group Corporation (NYSE:APG) Stock

Key Points

• APi Group's CAO James Arseniadis sold 4,843 shares of stock at $35.38 each, totaling about $171,345, reducing his ownership by 28.56%.
• The company's quarterly earnings report showed an EPS of $0.39, surpassing estimates and reflecting a 15% increase in revenue year-over-year.
• Analysts have given APi Group a consensus price target of $36.10, with several upgrades reflecting a generally positive outlook on the company's stock.

APi Group Corporation (NYSE:APG - Get Free Report) CAO James Arseniadis sold 4,843 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $35.38, for a total transaction of $171,345.34. Following the transaction, the chief accounting officer owned 12,116 shares in the company, valued at approximately $428,664.08. This represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

APi Group Stock Performance

APi Group stock traded up $0.03 on Thursday, reaching $34.74. 2,389,136 shares of the stock were exchanged, compared to its average volume of 3,113,021. The stock has a market cap of $14.45 billion, a PE ratio of 108.55 and a beta of 1.56. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $36.55. The firm has a fifty day moving average price of $33.65 and a two-hundred day moving average price of $28.45.

APi Group (NYSE:APG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.88 billion. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The business's revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. Sell-side analysts anticipate that APi Group Corporation will post 1.83 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in APG. SVB Wealth LLC bought a new stake in shares of APi Group in the 1st quarter valued at approximately $38,000. GAMMA Investing LLC grew its position in APi Group by 105.5% in the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock valued at $55,000 after acquiring an additional 785 shares during the period. Versant Capital Management Inc raised its stake in APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock worth $58,000 after acquiring an additional 1,261 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of APi Group by 40.5% during the first quarter. First Horizon Advisors Inc. now owns 1,672 shares of the company's stock valued at $60,000 after acquiring an additional 482 shares during the period. Finally, Ulland Investment Advisors LLC lifted its holdings in shares of APi Group by 41.5% during the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company's stock valued at $77,000 after acquiring an additional 440 shares during the period. Institutional investors and hedge funds own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APG. Truist Financial upped their price objective on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Citigroup decreased their price objective on shares of APi Group from $30.67 to $28.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.67 price objective on shares of APi Group in a report on Friday, June 27th. Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, JPMorgan Chase & Co. upgraded shares of APi Group from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $36.10.

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.