Ian G. H. Ashken Sells 150,000 Shares of APi Group Co. (NYSE:APG) Stock

APi Group Co. (NYSE:APG) Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the sale, the director now owns 5,828,779 shares in the company, valued at $216,888,866.59. The sale was disclosed in a document filed with the SEC, which is available through this link.

APi Group Price Performance

APG stock traded down $0.41 during trading on Wednesday, reaching $37.41. 1,431,587 shares of the company were exchanged, compared to its average volume of 1,582,267. APi Group Co. has a 52-week low of $21.74 and a 52-week high of $39.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.35. The company has a market cap of $10.26 billion, a P/E ratio of -17.40, a PEG ratio of 1.09 and a beta of 1.62. The stock’s 50 day moving average price is $38.27 and its 200 day moving average price is $33.80.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. APi Group had a net margin of 2.49% and a return on equity of 37.83%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the firm earned $0.25 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts predict that APi Group Co. will post 1.87 earnings per share for the current fiscal year.

Institutional Trading of APi Group

A number of large investors have recently made changes to their positions in the stock. Toronto Dominion Bank acquired a new stake in shares of APi Group during the 3rd quarter worth about $30,000. Nomura Asset Management Co. Ltd. grew its position in shares of APi Group by 43.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after purchasing an additional 390 shares during the period. Whittier Trust Co. lifted its position in APi Group by 100.9% during the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after buying an additional 752 shares during the period. Signaturefd LLC increased its stake in shares of APi Group by 40.2% during the 4th quarter. Signaturefd LLC now owns 3,617 shares of the company’s stock valued at $125,000 after acquiring an additional 1,038 shares during the last quarter. Finally, Ellenbecker Investment Group purchased a new position in shares of APi Group during the 1st quarter worth about $204,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Jefferies Financial Group started coverage on APi Group in a research report on Friday, March 15th. They set a “buy” rating and a $48.00 price target on the stock. Royal Bank of Canada lifted their price objective on shares of APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday, April 8th. Robert W. Baird increased their price objective on APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. TheStreet downgraded APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Finally, Citigroup upped their price objective on shares of APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Two equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.29.

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.