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

APi Group Co. (NYSE:APG) Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

APi Group Stock Down 2.3 %

APG opened at $35.37 on Friday. 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 stock has a fifty day moving average of $34.11 and a 200-day moving average of $35.59. APi Group Co. has a fifty-two week low of $28.97 and a fifty-two week high of $39.98. The company has a market capitalization of $9.72 billion, a P/E ratio of -17.95 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts expect that APi Group Co. will post 1.86 EPS for the current year.

Analysts Set New Price Targets

APG has been the topic of several research analyst reports. Robert W. Baird dropped their price objective 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Barclays upped their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Institutional Investors Weigh In On APi Group

Large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. acquired a new position in APi Group in the 3rd quarter valued at $26,000. Avior Wealth Management LLC bought a new position in shares of APi Group in the third quarter worth $33,000. J.Safra Asset Management Corp increased its position in shares of APi Group by 81.3% in the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock worth $68,000 after purchasing an additional 776 shares during the period. Motco acquired a new position in APi Group in the first quarter valued at about $83,000. Finally, Triad Wealth Partners LLC bought a new stake in APi Group during the second quarter worth about $132,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

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.