APi Group Corporation (NYSE:APG) Director Sells $1,744,000.00 in Stock

Key Points

• APi Group Corporation's Director James E. Lillie sold 50,000 shares at an average price of $34.88, totaling approximately $1.74 million.
• The company's stock is currently trading at $35.85, with a market cap of $14.91 billion and a price-to-earnings ratio of 112.03.
• APi Group reported earnings of $0.39 per share for the last quarter, beating expectations and showing a 15.0% year-over-year revenue increase.

APi Group Corporation (NYSE:APG - Get Free Report) Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $34.88, for a total value of $1,744,000.00. Following the sale, the director directly owned 1,450,019 shares in the company, valued at approximately $50,576,662.72. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

APi Group Stock Up 0.4%

Shares of APi Group stock traded up $0.15 during trading hours on Monday, reaching $35.43. 278,756 shares of the company were exchanged, compared to its average volume of 3,075,927. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $36.55. The stock's fifty day moving average is $34.14 and its 200 day moving average is $28.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45. The firm has a market cap of $14.73 billion, a PE ratio of 110.74 and a beta of 1.56.

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

Wall Street Analyst Weigh In

APG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $31.00 to $42.00 in a research note on Tuesday, July 15th. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Robert W. Baird raised their target price on APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Barclays restated an "overweight" rating and issued a $42.00 target price (up previously from $40.00) on shares of APi Group in a research note on Monday, August 4th. Finally, Truist Financial lifted their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, APi Group currently has an average rating of "Buy" and a consensus target price of $36.10.

Institutional Investors Weigh In On APi Group

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in APi Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company's stock worth $1,199,357,000 after purchasing an additional 453,543 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in APi Group by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company's stock valued at $581,073,000 after buying an additional 621,761 shares during the period. Capital Research Global Investors lifted its holdings in shares of APi Group by 118.2% during the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock valued at $393,774,000 after acquiring an additional 5,931,314 shares in the last quarter. Durable Capital Partners LP lifted its holdings in APi Group by 19.2% in the 2nd quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company's stock worth $542,333,000 after buying an additional 1,712,397 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of APi Group by 19.2% during the fourth quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock worth $359,811,000 after buying an additional 1,611,744 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

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.