APi Group Corporation (NYSE:APG) Director Sells $3,346,850.00 in Stock

Key Points

• Director James E. Lillie of APi Group sold 95,000 shares for approximately $3.35 million, decreasing his ownership by 1.28%.
• APi Group's stock rose by 1.1% to $35.85 on the trading day following the sale, with a market capitalization of $14.91 billion.
• The company reported an earnings per share of $0.39 for the last quarter, surpassing expectations and showing a 15% increase in revenue year-over-year.

APi Group Corporation (NYSE:APG - Get Free Report) Director James E. Lillie sold 95,000 shares of APi Group stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total value of $3,346,850.00. Following the transaction, the director directly owned 7,348,101 shares of the company's stock, valued at approximately $258,873,598.23. The trade was a 1.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

APi Group Trading Up 0.6%

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

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data 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. APi Group had a return on equity of 21.33% and a net margin of 3.35%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the business posted $0.49 EPS. APi Group's revenue for the quarter was up 15.0% on a year-over-year basis. As a group, analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APG. Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.67 target price on shares of APi Group in a research note on Friday, June 27th. Robert W. Baird lifted their target price on shares of APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Truist Financial raised their price target on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $42.00 price target (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. Finally, Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, APi Group has an average rating of "Buy" and a consensus target price of $36.10.

Hedge Funds Weigh In On APi Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APG. Envestnet Asset Management Inc. boosted its stake in APi Group by 21.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 494,094 shares of the company's stock worth $17,773,000 after purchasing an additional 85,831 shares during the period. Federated Hermes Inc. boosted its stake in APi Group by 4.3% in the 4th quarter. Federated Hermes Inc. now owns 37,364 shares of the company's stock worth $1,344,000 after purchasing an additional 1,537 shares during the period. Raymond James Financial Inc. acquired a new position in APi Group in the 4th quarter worth $7,427,000. Treasurer of the State of North Carolina boosted its stake in APi Group by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 100,000 shares of the company's stock worth $3,597,000 after purchasing an additional 630 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in APi Group by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 13,479 shares of the company's stock worth $485,000 after purchasing an additional 4,809 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

About APi Group

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.