APi Group (NYSE:APG) Director James Lillie Sells 59,461 Shares

Key Points

• Director James Lillie sold 59,461 shares on May 5 under a Rule 10b5-1 plan at an average of $45.50 for total proceeds of $2.705M, reducing his holding by 0.64% to 9,237,350 shares (≈$420.3M).
• APi Group beat quarterly estimates, reporting $0.32 EPS vs. $0.30 expected and $1.98B revenue (up 15.3% YoY); analysts have a consensus "Moderate Buy" with an average price target of $51.86.
• Institutions own 86.62% of the stock, with large investors like Vanguard, Janus Henderson and Durable Capital materially increasing stakes (Vanguard now holds ~35.14M shares).

APi Group Corporation (NYSE:APG - Get Free Report) Director James Lillie sold 59,461 shares of APi Group stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.50, for a total value of $2,705,475.50. Following the sale, the director directly owned 9,237,350 shares of the company's stock, valued at $420,299,425. This represents a 0.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

APi Group Price Performance

NYSE APG traded up $0.83 during midday trading on Wednesday, hitting $46.42. The company had a trading volume of 3,071,772 shares, compared to its average volume of 2,898,728. APi Group Corporation has a twelve month low of $28.36 and a twelve month high of $49.99. The firm has a 50-day moving average price of $43.71 and a 200-day moving average price of $41.02. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $20.11 billion, a PE ratio of -65.38, a P/E/G ratio of 2.64 and a beta of 1.67.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The company's revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. As a group, analysts anticipate that APi Group Corporation will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of APi Group

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of APi Group by 49.6% in the third quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company's stock worth $1,207,719,000 after purchasing an additional 11,644,990 shares in the last quarter. Janus Henderson Group PLC grew its stake in APi Group by 4.0% during the fourth quarter. Janus Henderson Group PLC now owns 23,116,168 shares of the company's stock valued at $884,409,000 after acquiring an additional 887,729 shares in the last quarter. Durable Capital Partners LP grew its stake in APi Group by 40.2% during the third quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company's stock valued at $512,050,000 after acquiring an additional 4,274,610 shares in the last quarter. Viking Global Investors LP grew its stake in APi Group by 6.7% in the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company's stock worth $422,967,000 after buying an additional 768,759 shares in the last quarter. Finally, State Street Corp grew its stake in APi Group by 0.8% in the 4th quarter. State Street Corp now owns 10,863,164 shares of the company's stock worth $415,625,000 after buying an additional 91,388 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Wall Street Analyst Weigh In

APG has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price on shares of APi Group from $45.00 to $53.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Barclays upped their price objective on shares of APi Group from $44.00 to $52.00 and gave the company an "overweight" rating in a research note on Thursday, February 26th. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group boosted their price objective on APi Group from $54.00 to $56.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Finally, Truist Financial set a $55.00 target price on APi Group and gave the company a "buy" rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $51.86.

About APi Group

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.

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