APi Group (NYSE:APG) Director Anthony Malkin Sells 7,000 Shares

APi Group Corporation (NYSE:APG) Director Anthony Malkin sold 7,000 shares of APi Group stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $42.47, for a total value of $297,290.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

APi Group Trading Down 2.8%

Shares of APG traded down $1.20 during mid-day trading on Tuesday, reaching $41.58. The stock had a trading volume of 3,142,012 shares, compared to its average volume of 2,849,693. APi Group Corporation has a 52-week low of $32.70 and a 52-week high of $49.99. The firm has a market cap of $18.01 billion, a price-to-earnings ratio of -58.56, a P/E/G ratio of 2.50 and a beta of 1.60. The business’s fifty day moving average is $43.94 and its 200 day moving average is $42.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. acquired a new position in APi Group in the 4th quarter valued at about $49,665,000. TD Asset Management Inc raised its stake in APi Group by 40.0% during the 3rd quarter. TD Asset Management Inc now owns 218,116 shares of the company’s stock valued at $7,497,000 after acquiring an additional 62,322 shares during the last quarter. Rathbones Group PLC lifted its position in APi Group by 215.7% during the 4th quarter. Rathbones Group PLC now owns 211,909 shares of the company’s stock worth $8,108,000 after acquiring an additional 144,789 shares during the period. HighTower Advisors LLC lifted its position in APi Group by 197.8% during the 3rd quarter. HighTower Advisors LLC now owns 47,472 shares of the company’s stock worth $1,632,000 after acquiring an additional 31,532 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of APi Group by 44.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,386,049 shares of the company’s stock valued at $47,639,000 after purchasing an additional 426,642 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Barclays reissued an “overweight” rating and issued a $54.00 price target (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th. Truist Financial set a $55.00 price target on shares of APi Group and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings lowered APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada increased 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.14.

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.