James E. Lillie Sells 50,000 Shares of APi Group Co. (NYSE:APG) Stock

APi Group Co. (NYSE:APG) Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

APi Group Trading Down 2.7 %

Shares of APG opened at $36.13 on Friday. The firm’s 50-day moving average price is $37.65 and its 200-day moving average price is $36.09. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of -18.34 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $41.31.

Institutional Investors Weigh In On APi Group

A number of large investors have recently modified their holdings of the stock. Equitable Trust Co. boosted its stake in shares of APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock valued at $744,000 after purchasing an additional 351 shares in the last quarter. CIBC Asset Management Inc lifted its position in APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock valued at $265,000 after acquiring an additional 370 shares during the period. Blue Trust Inc. lifted its position in APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after acquiring an additional 386 shares during the period. EntryPoint Capital LLC lifted its position in APi Group by 3.9% during the 4th quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock valued at $375,000 after acquiring an additional 389 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after acquiring an additional 414 shares during the period. Institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Tuesday, January 14th. Citigroup reduced their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Truist Financial reaffirmed a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Finally, Robert W. Baird increased their target price on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

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.