Insider Selling: 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 the business’s stock in a transaction that occurred 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 directly owns 1,134,635 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

APi Group Trading Down 2.3 %

Shares of APG stock opened at $35.37 on Friday. 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 company has a market cap of $9.72 billion, a price-to-earnings ratio of -17.95 and a beta of 1.54. APi Group Co. has a 1 year low of $28.97 and a 1 year high of $39.98. The firm has a fifty day moving average price of $34.11 and a 200-day moving average price of $35.59.

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. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. As a group, equities analysts predict that APi Group Co. will post 1.86 earnings per share for the current year.

Hedge Funds Weigh In On APi Group

Large investors have recently bought and sold shares of the business. Swedbank AB raised its stake in shares of APi Group by 21.1% during the second quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock valued at $69,992,000 after acquiring an additional 324,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in APi Group by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock worth $856,950,000 after purchasing an additional 1,031,564 shares during the period. CANADA LIFE ASSURANCE Co raised its position in APi Group by 192.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after purchasing an additional 35,520 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of APi Group in the 1st quarter worth $1,422,000. Finally, Tidal Investments LLC grew its position in shares of APi Group by 60.0% during the 1st quarter. Tidal Investments LLC now owns 40,712 shares of the company’s stock worth $1,599,000 after buying an additional 15,265 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.