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

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

APi Group Stock Performance

NYSE APG opened at $37.20 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $37.66 and its two-hundred day moving average is $36.09. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $41.31. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of -18.88 and a beta of 1.54.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price target on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. UBS Group reduced their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Citigroup reduced their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Tuesday, January 14th. Finally, Truist Financial reissued a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.00.

Hedge Funds Weigh In On APi Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. increased its position in APi Group by 376.5% during the 4th quarter. Polar Asset Management Partners Inc. now owns 121,500 shares of the company’s stock worth $4,370,000 after purchasing an additional 96,000 shares during the period. Mackenzie Financial Corp acquired a new position in APi Group during the 4th quarter worth approximately $1,592,000. Forum Financial Management LP acquired a new position in APi Group during the 4th quarter worth approximately $210,000. Western Wealth Management LLC acquired a new position in APi Group during the 4th quarter worth approximately $327,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in APi Group by 6.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,307,505 shares of the company’s stock worth $47,031,000 after purchasing an additional 80,757 shares during the period. Institutional investors and hedge funds 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.