Insider Selling: APi Group Co. (NYSE:APG) SVP Sells 5,679 Shares of Stock

APi Group Co. (NYSE:APG) SVP Louis Lambert sold 5,679 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the sale, the senior vice president now directly owns 2,421 shares in the company, valued at $87,252.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Louis Lambert also recently made the following trade(s):

• On Monday, August 5th, Louis Lambert sold 6,333 shares of APi Group stock. The stock was sold at an average price of $32.45, for a total value of $205,505.85.

APi Group Price Performance

Shares of APG stock traded down $0.50 on Wednesday, reaching $35.09. 662,308 shares of the company were exchanged, compared to its average volume of 1,733,703. The company has a market cap of $9.62 billion, a price-to-earnings ratio of -16.35, a P/E/G ratio of 1.06 and a beta of 1.57. APi Group Co. has a 1 year low of $24.61 and a 1 year high of $39.98. The business has a 50-day moving average price of $36.24 and a 200 day moving average price of $37.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.35.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. APi Group had a return on equity of 39.16% and a net margin of 2.81%. APi Group’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. Equities research analysts forecast that APi Group Co. will post 1.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on APG. Barclays lowered their price objective on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Robert W. Baird lowered their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APG. Janus Henderson Group PLC raised its position in shares of APi Group by 6,312.4% in the first quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after buying an additional 4,808,536 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in APi Group during the 4th quarter valued at about $159,751,000. Blackstone Inc. acquired a new stake in APi Group in the 1st quarter valued at about $139,191,000. Gates Capital Management Inc. purchased a new position in APi Group in the 4th quarter worth approximately $111,729,000. Finally, Capital Research Global Investors boosted its holdings in shares of APi Group by 271.2% during the 1st quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock worth $169,701,000 after purchasing an additional 3,157,283 shares during 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.