APi Group (NYSE:APG) Director Sells $297,290.00 in Stock

APi Group Corporation (NYSE:APG) Director Anthony Malkin sold 7,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total transaction of $297,290.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

APi Group Trading Down 0.6%

Shares of APG stock opened at $41.70 on Friday. The firm has a fifty day moving average of $43.76 and a 200-day moving average of $42.50. The stock has a market cap of $18.06 billion, a price-to-earnings ratio of -58.73, a P/E/G ratio of 2.46 and a beta of 1.60. APi Group Corporation has a 52-week low of $32.70 and a 52-week high of $49.99. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.36 and a current ratio of 1.44.

APi Group (NYSE:APG) last issued its earnings results on Thursday, April 30th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 EPS. On average, equities research analysts forecast that APi Group Corporation will post 1.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on APG shares. Royal Bank Of Canada upped their price objective on APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Robert W. Baird set a $52.00 price target on APi Group in a research note on Friday, May 1st. UBS Group upped their price target on APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Truist Financial set a $55.00 price objective on APi Group and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Weiss Ratings cut APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.14.

Institutional Trading of APi Group

Hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in APi Group during the 4th quarter worth approximately $27,000. Clearstead Advisors LLC raised its position in APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after purchasing an additional 427 shares during the last quarter. Silicon Valley Capital Partners raised its position in APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after purchasing an additional 286 shares during the last quarter. Parallel Advisors LLC boosted its stake in APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after purchasing an additional 297 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in APi Group by 1,851.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Company Profile

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.