APi Group (NYSE:APG) Director Martin Franklin Sells 2,000,000 Shares

APi Group Corporation (NYSE:APG) Director Martin Franklin sold 2,000,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the completion of the sale, the director owned 19,240,426 shares in the company, valued at approximately $809,637,126.08. This trade represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

APi Group Trading Down 0.7%

NYSE APG traded down $0.32 during trading hours on Friday, reaching $42.34. The company had a trading volume of 2,518,672 shares, compared to its average volume of 2,805,367. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $18.34 billion, a P/E ratio of -59.64, a price-to-earnings-growth ratio of 2.43 and a beta of 1.60. The stock has a 50-day moving average of $43.98 and a 200 day moving average of $42.28. APi Group Corporation has a 1-year low of $31.75 and a 1-year high of $49.99.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm earned $0.37 EPS. The business’s revenue was up 15.3% on a year-over-year basis. As a group, research analysts anticipate that APi Group Corporation will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

APG has been the topic of a number of research reports. UBS Group upped their price target on APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of APi Group in a report on Tuesday, May 26th. Truist Financial set a $55.00 target price on APi Group and gave the stock a “buy” rating in a research note on Friday, May 1st. Robert W. Baird set a $52.00 target price on APi Group in a report on Friday, May 1st. Finally, Citigroup reiterated a “buy” rating and set a $53.00 price target (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

Institutional Trading of APi Group

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new position in shares of APi Group in the 4th quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its stake in APi Group by 14,720.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after purchasing an additional 736 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in APi Group by 1,851.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares in the last quarter. IFP Advisors Inc increased its stake in APi Group by 146.7% in the fourth quarter. IFP Advisors Inc now owns 824 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares during the last quarter. Finally, Clearstead Advisors LLC raised its holdings in APi Group by 105.7% during the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after purchasing an additional 427 shares in the last quarter. 86.62% of the stock is currently 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.