Insider Selling: APi Group Co. (NYSE:APG) Director Sells 53,868 Shares of Stock

APi Group Co. (NYSE:APG) Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

APi Group Price Performance

APi Group stock traded down $0.31 during trading on Thursday, reaching $36.21. The company had a trading volume of 1,090,453 shares, compared to its average volume of 1,726,134. The firm’s 50-day simple moving average is $34.00 and its 200 day simple moving average is $35.61. APi Group Co. has a 1-year low of $28.86 and a 1-year high of $39.98. The firm has a market capitalization of $9.95 billion, a PE ratio of -18.30 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. As a group, equities research analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on APG. JPMorgan Chase & Co. decreased their price target 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. Barclays increased their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Finally, Robert W. Baird cut their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, APi Group currently has an average rating of “Moderate Buy” and an average target price of $44.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in APi Group by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock valued at $856,950,000 after purchasing an additional 1,031,564 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in APi Group by 4.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock valued at $227,881,000 after purchasing an additional 324,544 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in APi Group by 39.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock valued at $253,030,000 after purchasing an additional 1,826,227 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in APi Group by 6,312.4% in the 1st quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after purchasing an additional 4,808,536 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in APi Group by 271.2% in the 1st quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock valued at $169,701,000 after purchasing an additional 3,157,283 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.