Anthony Malkin Sells 7,000 Shares of APi Group (NYSE:APG) Stock

APi Group Corporation (NYSE:APG) Director Anthony Malkin sold 7,000 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $42.47, for a total value of $297,290.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

APi Group Stock Performance

APG traded down $1.20 during trading on Tuesday, hitting $41.58. The stock had a trading volume of 3,142,012 shares, compared to its average volume of 2,849,693. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.36 and a current ratio of 1.44. The firm has a market capitalization of $18.01 billion, a P/E ratio of -58.56, a PEG ratio of 2.50 and a beta of 1.60. The company’s 50-day moving average price is $43.94 and its 200 day moving average price is $42.44. APi Group Corporation has a twelve month low of $32.70 and a twelve month high of $49.99.

APi Group (NYSE:APG) last released its earnings results on Thursday, April 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS. On average, equities research analysts forecast that APi Group Corporation will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on APG shares. Barclays reaffirmed an “overweight” rating and issued a $54.00 price objective (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. Citigroup reissued a “buy” rating and set a $53.00 target price (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. Truist Financial set a $55.00 price target on APi Group and gave the company a “buy” rating in a report on Friday, May 1st. Robert W. Baird set a $52.00 price target on APi Group in a research note on Friday, May 1st. Finally, UBS Group upped their price objective on APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, APi Group presently has an average rating of “Moderate Buy” and an average target price of $52.14.

Institutional Trading of APi Group

A number of institutional investors have recently added to or reduced their stakes in APG. Western Wealth Management LLC acquired a new position in APi Group during the first quarter worth about $520,000. Pacer Advisors Inc. lifted its position in shares of APi Group by 31.7% during the 1st quarter. Pacer Advisors Inc. now owns 73,217 shares of the company’s stock valued at $2,967,000 after acquiring an additional 17,639 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of APi Group during the 1st quarter valued at approximately $2,851,000. Glenmede Trust Co. NA purchased a new stake in shares of APi Group during the 1st quarter worth approximately $250,000. Finally, Wellington Grp LLC boosted its stake in shares of APi Group by 19,717.2% during the 1st quarter. Wellington Grp LLC now owns 36,860 shares of the company’s stock worth $1,494,000 after acquiring an additional 36,674 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.