Insider Selling: APi Group Co. (NYSE:APG) Director Sells 11,568 Shares of Stock

APi Group Co. (NYSE:APG) Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

APi Group Stock Performance

APG stock opened at $36.52 on Thursday. The stock has a 50-day moving average price of $34.00 and a 200-day moving average price of $35.61. APi Group Co. has a 1-year low of $28.69 and a 1-year high of $39.98. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The firm has a market cap of $10.03 billion, a PE ratio of -18.54 and a beta of 1.54.

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

Wall Street Analyst Weigh In

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

Institutional Trading of APi Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC increased its position in APi Group by 1.1% in the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock valued at $1,070,000 after buying an additional 287 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in APi Group by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock worth $4,091,000 after purchasing an additional 323 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in APi Group by 4.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after purchasing an additional 333 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after purchasing an additional 373 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in APi Group by 2.1% during the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after purchasing an additional 406 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Company Profile

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.