Ian G. H. Ashken Sells 53,868 Shares of APi Group Co. (NYSE:APG) Stock

APi Group Co. (NYSE:APG) Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

APi Group Price Performance

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 has a market capitalization of $9.72 billion, a PE 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. The business has a 50 day simple moving average of $34.11 and a 200-day simple moving average of $35.57.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on APG shares. Robert W. Baird decreased their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Barclays raised 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. decreased their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Hedge Funds Weigh In On APi Group

Institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in shares of APi Group during the 3rd quarter worth approximately $26,000. Avior Wealth Management LLC acquired a new stake in APi Group during the third quarter worth $33,000. J.Safra Asset Management Corp raised its position in APi Group by 81.3% in the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after purchasing an additional 776 shares during the period. Motco acquired a new position in shares of APi Group in the 1st quarter valued at $83,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of APi Group during the 2nd quarter worth $132,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

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.