Insider Selling: APi Group Co. (NYSE:APG) SVP Sells 6,333 Shares of Stock

APi Group Co. (NYSE:APG) SVP Louis Lambert sold 6,333 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.45, for a total value of $205,505.85. Following the sale, the senior vice president now owns 8,100 shares of the company’s stock, valued at $262,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

APi Group Trading Up 4.4 %

NYSE APG opened at $33.71 on Friday. The stock has a market cap of $9.25 billion, a P/E ratio of -15.68, a PEG ratio of 1.06 and a beta of 1.57. The company’s fifty day simple moving average is $37.01 and its 200-day simple moving average is $36.79. 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 52 week low of $24.61 and a 52 week 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, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 39.16%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. Equities research analysts predict that APi Group Co. will post 1.88 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Element Capital Management LLC purchased a new stake in APi Group during the 2nd quarter worth approximately $2,336,000. Envestnet Asset Management Inc. increased its stake in shares of APi Group by 8.5% in the second quarter. Envestnet Asset Management Inc. now owns 326,207 shares of the company’s stock worth $12,275,000 after buying an additional 25,655 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in APi Group by 37.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 62,116 shares of the company’s stock valued at $2,337,000 after acquiring an additional 17,030 shares in the last quarter. Robeco Schweiz AG bought a new position in APi Group during the 2nd quarter valued at $29,605,000. Finally, Qsemble Capital Management LP grew its holdings in APi Group by 19.2% during the 2nd quarter. Qsemble Capital Management LP now owns 15,626 shares of the company’s stock worth $588,000 after acquiring an additional 2,513 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.