Insider Selling: APi Group Corporation (NYSE:APG) Director Sells 25,000 Shares of Stock

Key Points

• James E. Lillie, a director at APi Group Corporation, sold 25,000 shares for a total of $880,750, reducing his ownership in the company by 1.72%.
• APi Group reported a quarterly earnings per share (EPS) of $0.39, surpassing analysts' expectations of $0.37, along with a revenue of $1.99 billion.
• The stock has a current market capitalization of $14.91 billion and has seen significant institutional investor interest, with 86.62% of shares held by institutions.

APi Group Corporation (NYSE:APG - Get Free Report) Director James E. Lillie sold 25,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total transaction of $880,750.00. Following the transaction, the director owned 1,425,019 shares in the company, valued at $50,203,419.37. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

APi Group Stock Up 0.4%

NYSE APG traded up $0.15 on Monday, hitting $35.43. 278,756 shares of the stock were exchanged, compared to its average volume of 3,075,927. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The company has a market cap of $14.73 billion, a PE ratio of 110.74 and a beta of 1.56. The company has a 50-day moving average price of $34.14 and a 200-day moving average price of $28.98.

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

Institutional Trading of APi Group

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of APi Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company's stock worth $1,199,357,000 after buying an additional 453,543 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of APi Group by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company's stock worth $581,073,000 after buying an additional 621,761 shares during the last quarter. Capital Research Global Investors lifted its position 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 worth $393,774,000 after buying an additional 5,931,314 shares during the last quarter. Durable Capital Partners LP lifted its position in shares of APi Group by 19.2% during 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 during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of APi Group by 19.2% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on APG shares. Royal Bank Of Canada restated an "outperform" rating and set a $34.67 price objective on shares of APi Group in a research report on Friday, June 27th. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Robert W. Baird boosted their price target 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. Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Finally, Truist Financial lifted their price objective 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. Nine research 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 an average target price of $36.10.

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.