Martin Franklin Sells 2,000,000 Shares of APi Group (NYSE:APG) Stock

APi Group Corporation (NYSE:APG) Director Martin Franklin sold 2,000,000 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $42.08, for a total value of $84,160,000.00. Following the sale, the director directly owned 19,240,426 shares in the company, valued at $809,637,126.08. This trade represents a 9.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

APi Group Stock Down 0.7%

Shares of APG stock traded down $0.32 during mid-day trading on Friday, hitting $42.34. 2,518,672 shares of the stock traded hands, compared to its average volume of 2,805,367. APi Group Corporation has a 52-week low of $31.75 and a 52-week high of $49.99. The stock has a market cap of $18.34 billion, a P/E ratio of -59.64, a P/E/G ratio of 2.43 and a beta of 1.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36. The stock’s fifty day moving average is $43.98 and its two-hundred day moving average is $42.28.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities analysts predict that APi Group Corporation will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird set a $52.00 price target on shares of APi Group in a research report on Friday, May 1st. Citigroup reissued a “buy” rating and set a $53.00 target price (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. UBS Group lifted their price target on APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a report on Tuesday, May 26th. One research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.14.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC boosted its stake in APi Group by 20.3% during the first 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. Arizona State Retirement System increased its stake in shares of APi Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 98,581 shares of the company’s stock worth $3,772,000 after acquiring an additional 277 shares during the last quarter. Triad Wealth Partners LLC raised its holdings in shares of APi Group by 2.8% during the 1st quarter. Triad Wealth Partners LLC now owns 10,247 shares of the company’s stock worth $415,000 after acquiring an additional 283 shares during the period. Silicon Valley Capital Partners raised its holdings in shares of APi Group by 50.0% during the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after acquiring an additional 286 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

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.