APi Group (NYSE:APG) Stock: Insider James Lillie Sells 287,498 Shares

APi Group Corporation (NYSE:APG) Director James Lillie sold 287,498 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $42.45, for a total value of $12,204,290.10. Following the completion of the sale, the director owned 8,664,852 shares of the company’s stock, valued at $367,822,967.40. This represents a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

APi Group Trading Down 1.4%

NYSE:APG traded down $0.63 during mid-day trading on Thursday, hitting $43.41. The company had a trading volume of 1,836,828 shares, compared to its average volume of 2,985,623. APi Group Corporation has a fifty-two week low of $35.57 and a fifty-two week high of $49.99. The business’s fifty day moving average is $40.09 and its two-hundred day moving average is $41.96. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.12 and a current ratio of 1.18. The firm has a market cap of $18.46 billion, a P/E ratio of -68.90, a P/E/G ratio of 1.80 and a beta of 1.57.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.40 billion. APi Group had a return on equity of 38.31% and a net margin of 4.12%. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. As a group, research analysts expect that APi Group Corporation will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC raised its holdings in shares of APi Group by 125.4% during the second quarter. Squarepoint Ops LLC now owns 967,869 shares of the company’s stock worth $40,989,000 after acquiring an additional 538,508 shares during the period. Aubrey Capital Management Ltd acquired a new position in APi Group in the 2nd quarter worth $2,782,000. WINTON GROUP Ltd acquired a new position in APi Group in the 2nd quarter worth $1,160,000. Pictet Asset Management Holding SA grew its holdings in shares of APi Group by 11.2% during the third quarter. Pictet Asset Management Holding SA now owns 11,457,638 shares of the company’s stock worth $442,284,000 after buying an additional 1,154,344 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in APi Group by 7.5% in the 1st quarter. Principal Financial Group Inc. now owns 855,638 shares of the company’s stock valued at $34,670,000 after buying an additional 59,715 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen lowered shares of APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $56.00 target price on shares of APi Group in a research note on Friday, October 30th. Truist Financial set a $58.00 target price on shares of APi Group and gave the stock a “buy” rating in a report on Friday, October 30th. UBS Group set a $52.00 price target on shares of APi Group in a research report on Monday, July 20th. Finally, Robert W. Baird set a $47.00 price target on shares of APi Group in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Buy” and a consensus price target of $54.67.

APi Group Company Profile

APi Group Corporation is a provider of safety and specialty services for commercial, industrial and institutional customers. Its work includes the installation, inspection, maintenance and repair of systems and infrastructure used in buildings and industrial facilities. The company’s services include fire protection and life-safety systems, security, heating and cooling, plumbing, electrical work, and other building and infrastructure services. APi Group delivers these offerings through a network of operating businesses and local brands.