APi Group Co. (NYSE:APG) Director Sells $427,784.64 in Stock

APi Group Co. (NYSE:APG) Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

APi Group Trading Down 2.3 %

Shares of APG stock opened at $35.37 on Friday. APi Group Co. has a 1-year low of $28.97 and a 1-year high of $39.98. The firm’s 50-day simple moving average is $34.11 and its 200-day simple moving average is $35.59. The firm has a market cap of $9.72 billion, a P/E ratio of -17.95 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion during 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 was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. As a group, equities analysts forecast that APi Group Co. will post 1.86 EPS for the current year.

Hedge Funds Weigh In On APi Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new position in APi Group in the 1st quarter worth about $221,000. Envestnet Portfolio Solutions Inc. increased its position in APi Group by 27.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,488 shares of the company’s stock valued at $294,000 after acquiring an additional 1,592 shares during the period. SG Americas Securities LLC raised its stake in APi Group by 154.8% during the 1st quarter. SG Americas Securities LLC now owns 12,484 shares of the company’s stock valued at $490,000 after acquiring an additional 7,585 shares in the last quarter. Swiss National Bank grew its stake in shares of APi Group by 11.0% in the first quarter. Swiss National Bank now owns 361,100 shares of the company’s stock worth $14,180,000 after purchasing an additional 35,800 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of APi Group by 1.9% during the first quarter. Russell Investments Group Ltd. now owns 258,978 shares of the company’s stock valued at $10,170,000 after purchasing an additional 4,813 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered their price target on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird cut their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, Barclays increased their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

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.