APi Group (NYSE:APG) Director Sells $122,640,000.00 in Stock

APi Group Corporation (NYSE:APG) Director Martin Franklin sold 3,000,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $40.88, for a total value of $122,640,000.00. Following the completion of the transaction, the director directly owned 21,240,426 shares of the company’s stock, valued at $868,308,614.88. This trade represents a 12.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

APi Group Price Performance

Shares of NYSE APG opened at $39.50 on Friday. The stock has a market cap of $17.04 billion, a P/E ratio of -52.21, a P/E/G ratio of 2.36 and a beta of 1.69. The firm’s 50-day simple moving average is $42.86 and its 200 day simple moving average is $38.92. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $46.89. The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 0.81.

APi Group (NYSE:APG) last released its earnings results on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the company earned $0.51 EPS. APi Group’s quarterly revenue was up 13.8% on a year-over-year basis. Equities analysts expect that APi Group Corporation will post 1.83 EPS for the current year.

Institutional Investors Weigh In On APi Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APG. Hsbc Holdings PLC grew its holdings in shares of APi Group by 324.8% during the 4th quarter. Hsbc Holdings PLC now owns 277,126 shares of the company’s stock valued at $10,603,000 after acquiring an additional 211,892 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of APi Group by 68.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,833 shares of the company’s stock worth $108,000 after acquiring an additional 1,149 shares during the last quarter. Osbon Capital Management LLC purchased a new stake in shares of APi Group during the fourth quarter worth $127,000. Corient Private Wealth LLC boosted its position in APi Group by 10.8% during the fourth quarter. Corient Private Wealth LLC now owns 67,408 shares of the company’s stock valued at $2,480,000 after purchasing an additional 6,567 shares during the last quarter. Finally, Rehmann Capital Advisory Group acquired a new stake in APi Group during the fourth quarter valued at $220,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APG. CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a report on Thursday, December 11th. Barclays boosted their price objective on APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Citigroup raised their price objective on shares of APi Group from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Truist Financial raised their target price on APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, UBS Group upped their price target on APi Group from $49.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.57.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.