APi Group Co. (NYSE:APG) Director Martin E. Franklin Sells 178,346 Shares

APi Group Co. (NYSE:APG) Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the sale, the director now owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

APi Group Price Performance

Shares of NYSE APG opened at $35.75 on Friday. The firm has a market cap of $9.81 billion, a P/E ratio of -16.63, a price-to-earnings-growth ratio of 1.06 and a beta of 1.57. The business’s 50 day moving average is $36.35 and its 200-day moving average is $36.95. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. APi Group Co. has a 1-year low of $24.61 and a 1-year high of $39.98.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. APi Group had a return on equity of 39.16% and a net margin of 2.81%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the firm posted $0.41 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts predict that APi Group Co. will post 1.88 earnings per share for the current year.

Analysts Set New Price Targets

APG has been the topic of several research analyst reports. Robert W. Baird dropped their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. dropped their price target on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays reduced their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, APi Group currently has an average rating of “Moderate Buy” and an average price target of $43.86.

Hedge Funds Weigh In On APi Group

A number of hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its holdings in shares of APi Group by 43.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock worth $44,000 after purchasing an additional 390 shares during the period. Whittier Trust Co. increased its stake in APi Group by 100.9% during the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after acquiring an additional 752 shares during the period. J.Safra Asset Management Corp raised its holdings in APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after acquiring an additional 776 shares in the last quarter. Motco acquired a new position in APi Group in the 1st quarter valued at $83,000. Finally, Signaturefd LLC lifted its position in shares of APi Group by 40.2% during the 4th quarter. Signaturefd LLC now owns 3,617 shares of the company’s stock valued at $125,000 after acquiring an additional 1,038 shares during the period. 86.62% of the stock is owned by institutional investors.

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.