APi Group (NYSE:APG) Director James Lillie Sells 287,498 Shares of Company Stock

APi Group Corporation (NYSE:APG) Director James Lillie sold 287,498 shares of APi Group stock in a transaction on Monday, November 9th. The shares were sold at an average price of $42.45, for a total value of $12,204,290.10. Following the transaction, the director directly owned 8,664,852 shares of the company’s stock, valued at approximately $367,822,967.40. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

APi Group Price Performance

Shares of NYSE:APG traded down $0.63 on Thursday, hitting $43.41. The stock had a trading volume of 1,836,828 shares, compared to its average volume of 2,985,623. The firm’s 50 day moving average price is $40.09 and its 200-day moving average price is $41.96. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.12 and a current ratio of 1.18. APi Group Corporation has a twelve month low of $35.57 and a twelve month high of $49.99. The company has a market capitalization of $18.46 billion, a price-to-earnings ratio of -68.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.57.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.40 billion. APi Group had a net margin of 4.12% and a return on equity of 38.31%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. On average, equities research analysts predict that APi Group Corporation will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. USS Investment Management Ltd grew its position in shares of APi Group by 25.2% during the 3rd quarter. USS Investment Management Ltd now owns 750,235 shares of the company’s stock worth $28,963,000 after buying an additional 150,815 shares during the period. Private Advisor Group LLC boosted its stake in APi Group by 39.1% in the third quarter. Private Advisor Group LLC now owns 14,701 shares of the company’s stock valued at $567,000 after acquiring an additional 4,135 shares during the last quarter. Voya Investment Management LLC boosted its stake in APi Group by 31.4% in the third quarter. Voya Investment Management LLC now owns 153,841 shares of the company’s stock valued at $5,938,000 after acquiring an additional 36,726 shares during the last quarter. Norwood Investment Partners LP boosted its stake in APi Group by 27.3% in the third quarter. Norwood Investment Partners LP now owns 210,000 shares of the company’s stock valued at $8,106,000 after acquiring an additional 45,000 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its holdings in APi Group by 17.1% during the 3rd quarter. Bridges Investment Management Inc. now owns 161,599 shares of the company’s stock worth $6,238,000 after acquiring an additional 23,639 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APG. Citigroup boosted their price objective on APi Group from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Wall Street Zen lowered APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $56.00 price target on shares of APi Group in a report on Friday, October 30th. Wells Fargo & Company upped their price target on shares of APi Group from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Finally, UBS Group set a $52.00 price objective on shares of APi Group in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $54.67.

APi Group Company Profile

APi Group Corporation is a provider of safety and specialty services for commercial, industrial and institutional customers. Its work includes the installation, inspection, maintenance and repair of systems and infrastructure used in buildings and industrial facilities. The company’s services include fire protection and life-safety systems, security, heating and cooling, plumbing, electrical work, and other building and infrastructure services. APi Group delivers these offerings through a network of operating businesses and local brands.