James Lillie Sells 225,539 Shares of APi Group (NYSE:APG) Stock

Key Points

• Director James Lillie sold 225,539 shares of APi Group on May 4 at an average price of $44.87 for about $10.12M under a pre-arranged Rule 10b5-1 plan, trimming his stake by 2.37% to 9,296,811 shares (≈$417.15M).
• Q1 results topped estimates: APi reported $0.32 EPS vs. $0.30 consensus and revenue of $1.98B vs. $1.92B (revenue +15.3% YoY); the stock traded up ~1.8% to $46.42 and has a market cap of about $20.1B.
• Positive analyst and institutional backdrop: analysts have raised ratings/targets (average target $51.86), and institutional investors own ~86.62% of the stock with recent large stake increases by firms like Vanguard and Durable Capital.

APi Group Corporation (NYSE:APG - Get Free Report) Director James Lillie sold 225,539 shares of the company's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $44.87, for a total transaction of $10,119,934.93. Following the transaction, the director directly owned 9,296,811 shares of the company's stock, valued at approximately $417,147,909.57. This represents a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

APi Group Trading Up 1.8%

Shares of APG traded up $0.83 during mid-day 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. The business's 50-day simple moving average is $43.71 and its 200-day simple moving average is $41.02. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79. APi Group Corporation has a 1-year low of $28.36 and a 1-year high of $49.99. The stock has a market cap 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 quarterly earnings results on Thursday, April 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. APi Group's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. Sell-side analysts forecast that APi Group Corporation will post 1.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on APG shares. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup restated a "buy" rating and issued a $53.00 price objective (up from $52.00) on shares of APi Group in a report on Friday, May 1st. Truist Financial set a $55.00 price objective on APi Group and gave the company a "buy" rating in a research note on Friday, May 1st. Royal Bank Of Canada increased their target price on shares of APi Group from $45.00 to $53.00 and gave the stock an "outperform" rating in a research report on Thursday, February 26th. Finally, Robert W. Baird set a $52.00 price target on shares of APi Group in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $51.86.

Hedge Funds Weigh In On APi Group

A number of institutional investors have recently made changes to their positions in APG. Vanguard Group Inc. raised its stake in APi Group by 49.6% during the third quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company's stock valued at $1,207,719,000 after buying an additional 11,644,990 shares in the last quarter. Norges Bank bought a new position in APi Group in the fourth quarter worth about $181,066,000. Durable Capital Partners LP grew its stake in APi Group by 40.2% during the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company's stock worth $512,050,000 after buying an additional 4,274,610 shares during the last quarter. State Street Corp grew its stake in APi Group by 50.6% during the 3rd quarter. State Street Corp now owns 10,771,776 shares of the company's stock worth $370,226,000 after buying an additional 3,620,931 shares during the last quarter. Finally, Invesco Ltd. grew its stake in APi Group by 224.6% during the 3rd quarter. Invesco Ltd. now owns 5,109,902 shares of the company's stock worth $175,627,000 after buying an additional 3,535,682 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

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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