APi Group Co. (NYSE:APG) Director Ian G. H. Ashken Sells 53,868 Shares

APi Group Co. (NYSE:APG) Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

APi Group Stock Down 0.8 %

NYSE APG traded down $0.31 during trading hours on Thursday, reaching $36.21. 1,090,453 shares of the company’s stock traded hands, compared to its average volume of 1,726,134. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a market cap of $9.95 billion, a PE ratio of -18.30 and a beta of 1.54. APi Group Co. has a 52-week low of $28.86 and a 52-week high of $39.98. The firm has a 50-day simple moving average of $34.00 and a 200 day simple moving average of $35.61.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that APi Group Co. will post 1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on APG shares. Barclays boosted their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. Robert W. Baird dropped their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, APi Group currently has an average rating of “Moderate Buy” and an average price target of $44.00.

Hedge Funds Weigh In On APi Group

Several large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in shares of APi Group in the first quarter worth $221,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of APi Group by 27.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,488 shares of the company’s stock worth $294,000 after buying an additional 1,592 shares in the last quarter. SG Americas Securities LLC raised its stake in APi Group by 154.8% during the first quarter. SG Americas Securities LLC now owns 12,484 shares of the company’s stock valued at $490,000 after purchasing an additional 7,585 shares in the last quarter. Swiss National Bank raised its stake in APi Group by 11.0% during the first quarter. Swiss National Bank now owns 361,100 shares of the company’s stock valued at $14,180,000 after purchasing an additional 35,800 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in APi Group by 1.9% during the first quarter. Russell Investments Group Ltd. now owns 258,978 shares of the company’s stock valued at $10,170,000 after purchasing an additional 4,813 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.