Insider Selling: APi Group (NYSE:APG) Director Sells 285,000 Shares of Stock

APi Group Corporation (NYSE:APG) Director James Lillie sold 285,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $39.84, for a total transaction of $11,354,400.00. Following the sale, the director owned 8,952,350 shares in the company, valued at approximately $356,661,624. This represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

APi Group Price Performance

Shares of APi Group stock traded up $0.29 during trading hours on Wednesday, reaching $41.83. The stock had a trading volume of 2,136,496 shares, compared to its average volume of 2,886,400. The stock’s 50 day moving average is $41.26 and its 200 day moving average is $42.68. The firm has a market capitalization of $18.08 billion, a PE ratio of -62.43, a PEG ratio of 2.32 and a beta of 1.60. APi Group Corporation has a twelve month low of $33.40 and a twelve month high of $49.99. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91.

APi Group (NYSE:APG) last posted its earnings results on Thursday, July 30th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. APi Group had a return on equity of 37.59% and a net margin of 3.99%.The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Equities analysts expect that APi Group Corporation will post 1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on APG. Weiss Ratings lowered APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. UBS Group set a $52.00 target price on APi Group in a research note on Monday, July 20th. Citigroup reiterated a “buy” rating and set a $54.00 target price (up from $53.00) on shares of APi Group in a research report on Friday, July 31st. Wells Fargo & Company initiated coverage on shares of APi Group in a research note on Tuesday. They issued an “overweight” rating and a $53.00 price target on the stock. Finally, Barclays reissued an “overweight” rating and issued a $54.00 price target (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average price target of $52.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC boosted its holdings in APi Group by 20.3% in the 1st quarter. Root Financial Partners LLC now owns 1,256 shares of the company’s stock worth $51,000 after buying an additional 212 shares during the last quarter. Arista Wealth Management LLC raised its holdings in shares of APi Group by 1.4% during the second quarter. Arista Wealth Management LLC now owns 19,125 shares of the company’s stock valued at $810,000 after acquiring an additional 270 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of APi Group by 0.3% during the fourth quarter. Arizona State Retirement System now owns 98,581 shares of the company’s stock valued at $3,772,000 after acquiring an additional 277 shares during the last quarter. Triad Wealth Partners LLC lifted its position in shares of APi Group by 2.8% in the first quarter. Triad Wealth Partners LLC now owns 10,247 shares of the company’s stock valued at $415,000 after acquiring an additional 283 shares in the last quarter. Finally, Silicon Valley Capital Partners lifted its position in shares of APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after acquiring an additional 286 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

About APi Group

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.