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 company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the transaction, the director now directly owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

APi Group Trading Down 0.6 %

Shares of APi Group stock traded down $0.23 on Friday, reaching $35.98. 117,784 shares of the company’s stock were exchanged, compared to its average volume of 1,718,499. The company has a market capitalization of $9.89 billion, a P/E ratio of -18.38 and a beta of 1.54. APi Group Co. has a 52 week low of $28.97 and a 52 week high of $39.98. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm’s 50-day moving average is $34.06 and its two-hundred day moving average is $35.62.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Robert W. Baird decreased their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barclays increased their target price on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Institutional Investors Weigh In On APi Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Centiva Capital LP bought a new position in shares of APi Group in the 3rd quarter worth $304,000. ClearAlpha Technologies LP acquired a new position in shares of APi Group during the third quarter valued at about $245,000. Edgestream Partners L.P. increased its position in shares of APi Group by 1,315.8% during the third quarter. Edgestream Partners L.P. now owns 220,271 shares of the company’s stock worth $7,273,000 after acquiring an additional 204,713 shares in the last quarter. Progeny 3 Inc. raised its holdings in shares of APi Group by 24.2% in the 3rd quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company’s stock worth $75,881,000 after acquiring an additional 447,200 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in shares of APi Group by 690.3% in the 3rd quarter. Verition Fund Management LLC now owns 334,899 shares of the company’s stock worth $11,058,000 after acquiring an additional 292,524 shares during the last quarter. 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.