Ian G. H. Ashken Sells 150,000 Shares of APi Group Co. (NYSE:APG) Stock

APi Group Co. (NYSE:APG) Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $42.72, for a total value of $6,408,000.00. Following the completion of the transaction, the director now directly owns 5,612,102 shares of the company’s stock, valued at approximately $239,748,997.44. This represents a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

APi Group Stock Up 1.1 %

APG stock opened at $43.89 on Friday. The company has a market cap of $12.15 billion, a P/E ratio of -22.28 and a beta of 1.54. 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 company’s 50-day moving average price is $36.69 and its 200 day moving average price is $36.98. APi Group Co. has a 52 week low of $30.76 and a 52 week high of $44.37.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company posted $0.34 EPS. The company’s revenue was up 7.4% on a year-over-year basis. On average, research analysts expect that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APG. Barclays PLC grew its position in shares of APi Group by 1.6% in the third quarter. Barclays PLC now owns 364,281 shares of the company’s stock valued at $12,026,000 after purchasing an additional 5,701 shares during the period. Tidal Investments LLC raised its holdings in APi Group by 10.8% in the third quarter. Tidal Investments LLC now owns 54,553 shares of the company’s stock valued at $1,801,000 after buying an additional 5,337 shares during the period. Everence Capital Management Inc. purchased a new position in shares of APi Group in the 4th quarter valued at $288,000. ORG Wealth Partners LLC purchased a new position in APi Group in the fourth quarter valued at about $34,000. Finally, Park Avenue Securities LLC lifted its position in APi Group by 48.0% during the 4th quarter. Park Avenue Securities LLC now owns 12,777 shares of the company’s stock worth $460,000 after acquiring an additional 4,144 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on APG shares. Citigroup dropped their price target on shares of APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. UBS Group reduced their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Barclays increased their price objective on APi Group from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.86.

About APi Group

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.