Insider Selling: APi Group (NYSE:APG) Director Sells $4,933,316.08 in Stock

APi Group Corporation (NYSE:APG) Director Ian Ashken sold 114,409 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $43.12, for a total transaction of $4,933,316.08. Following the sale, the director owned 10,633,830 shares of the company’s stock, valued at $458,530,749.60. This trade represents a 1.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

APi Group Stock Performance

NYSE APG opened at $41.81 on Friday. The firm has a market cap of $18.04 billion, a P/E ratio of -55.26, a P/E/G ratio of 2.51 and a beta of 1.69. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $46.89. The business’s 50-day moving average price is $42.60 and its 200 day moving average price is $38.52. The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 0.81.

APi Group (NYSE:APG) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. APi Group had a return on equity of 37.92% and a net margin of 3.70%.The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business earned $0.51 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts expect that APi Group Corporation will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on APG shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. Barclays upped their price objective on shares of APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. UBS Group raised their target price on shares of APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada boosted their price target on shares of APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Finally, Truist Financial increased their price target on shares of APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.57.

Institutional Investors Weigh In On APi Group

A number of hedge funds and other institutional investors have recently bought and sold shares of APG. Arizona State Retirement System boosted its position in shares of APi Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 98,581 shares of the company’s stock worth $3,772,000 after purchasing an additional 277 shares in the last quarter. Silicon Valley Capital Partners increased its holdings in shares of APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after purchasing an additional 286 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after purchasing an additional 297 shares during the period. Bradley Foster & Sargent Inc. CT lifted its stake in shares of APi Group by 0.3% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 103,073 shares of the company’s stock valued at $3,944,000 after purchasing an additional 303 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in APi Group by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 82,817 shares of the company’s stock worth $3,169,000 after buying an additional 314 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Company Profile

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.