Insider Selling: APi Group Corporation (NYSE:APG) Director Sells $680,944.50 in Stock

APi Group Corporation (NYSE:APG) Director Ian G. H. Ashken sold 19,450 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $35.01, for a total value of $680,944.50. Following the sale, the director owned 8,398,703 shares in the company, valued at $294,038,592.03. The trade was a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

APi Group Trading Up 0.4%

Shares of NYSE:APG opened at $35.20 on Friday. The stock’s 50-day moving average is $34.14 and its 200-day moving average is $28.93. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.45. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $36.55. The company has a market cap of $14.64 billion, a P/E ratio of 110.00 and a beta of 1.56.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. APi Group had a return on equity of 21.33% and a net margin of 3.35%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. Equities research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in APi Group by 6.7% during the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock worth $145,000 after acquiring an additional 256 shares during the period. Amalgamated Bank grew its holdings in shares of APi Group by 2.3% in the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock valued at $438,000 after buying an additional 279 shares during the period. PNC Financial Services Group Inc. boosted its stake in APi Group by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock worth $194,000 after purchasing an additional 303 shares during the period. Cresset Asset Management LLC boosted its stake in APi Group by 3.6% in the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company’s stock worth $382,000 after purchasing an additional 374 shares during the period. Finally, State of Wyoming boosted its stake in APi Group by 10.7% in the 1st quarter. State of Wyoming now owns 4,106 shares of the company’s stock worth $147,000 after purchasing an additional 397 shares during the period. Institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

APG has been the subject of several recent research reports. Robert W. Baird upped their target price on APi Group from $31.33 to $34.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Barclays reaffirmed an “overweight” rating and set a $42.00 price target (up from $40.00) on shares of APi Group in a research note on Monday, August 4th. Truist Financial increased their price target on APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. UBS Group increased their price target on APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $36.10.

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.