APi Group Corporation (NYSE:APG) Director James E. Lillie Sells 190,000 Shares

Key Points

• James E. Lillie, Director of APi Group Corporation, sold 190,000 shares at an average price of $34.88, totaling approximately $6.63 million, resulting in a 2.49% decrease in his ownership.
• APi Group's stock is currently trading at $35.85, with a market capitalization of $14.91 billion, experiencing a 15% year-over-year revenue increase in its latest earnings report.
• Equities analysts remain optimistic, with multiple upgrades and a consensus rating of "Buy", alongside an average price target of $36.10 for the stock.

APi Group Corporation (NYSE:APG - Get Free Report) Director James E. Lillie sold 190,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $34.88, for a total value of $6,627,200.00. Following the completion of the sale, the director directly owned 7,443,101 shares in the company, valued at approximately $259,615,362.88. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

APi Group Stock Performance

Shares of NYSE APG traded up $0.22 during midday trading on Monday, hitting $35.50. 171,817 shares of the stock traded hands, compared to its average volume of 3,075,528. The firm has a 50-day moving average of $34.14 and a two-hundred day moving average of $28.98. The firm has a market capitalization of $14.77 billion, a P/E ratio of 110.97 and a beta of 1.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45. APi Group Corporation has a one year low of $20.50 and a one year high of $36.55.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%. The company's revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. On average, equities analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Hedge Funds Weigh In On APi Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Caxton Associates LLP bought a new position in shares of APi Group during the 2nd quarter valued at $354,000. FORA Capital LLC bought a new position in APi Group in the 2nd quarter worth $1,974,000. CANADA LIFE ASSURANCE Co raised its holdings in APi Group by 180.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 173,866 shares of the company's stock worth $8,881,000 after purchasing an additional 111,888 shares during the period. Tower Research Capital LLC TRC raised its holdings in APi Group by 416.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,867 shares of the company's stock worth $300,000 after purchasing an additional 4,730 shares during the period. Finally, Cannell Capital LLC bought a new position in APi Group in the 2nd quarter worth $3,549,000. 86.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on APG. UBS Group boosted their price target on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and issued a $42.00 price objective (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Robert W. Baird upped their price objective on APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised APi Group from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $34.67 price objective on shares of APi Group in a research report on Friday, June 27th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.