APi Group (NYSE:APG) Director Ian Ashken Sells 65,534 Shares of Stock

APi Group Corporation (NYSE:APG) Director Ian Ashken sold 65,534 shares of APi Group stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.49, for a total transaction of $2,981,141.66. Following the completion of the transaction, the director directly owned 9,477,284 shares in the company, valued at approximately $431,121,649.16. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

APi Group Stock Up 1.8%

Shares of APi Group stock opened at $46.42 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. The company’s fifty day simple moving average is $43.75 and its two-hundred day simple moving average is $41.10. The company has a market cap of $20.11 billion, a P/E ratio of -65.38, a PEG ratio of 2.68 and a beta of 1.67. APi Group Corporation has a 12-month low of $28.36 and a 12-month high of $49.99.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS. Research analysts anticipate that APi Group Corporation will post 1.7 EPS for the current year.

Institutional Trading of APi Group

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of APi Group by 49.6% during the 3rd quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock valued at $1,207,719,000 after buying an additional 11,644,990 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of APi Group by 4.0% during the 4th quarter. Janus Henderson Group PLC now owns 23,116,168 shares of the company’s stock valued at $884,409,000 after buying an additional 887,729 shares in the last quarter. Durable Capital Partners LP boosted its holdings in shares of APi Group by 40.2% during the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after buying an additional 4,274,610 shares in the last quarter. Viking Global Investors LP boosted its holdings in shares of APi Group by 6.7% during the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock valued at $422,967,000 after buying an additional 768,759 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of APi Group by 0.8% during the 4th quarter. State Street Corp now owns 10,863,164 shares of the company’s stock valued at $415,625,000 after buying an additional 91,388 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on APG shares. Royal Bank Of Canada boosted their price objective on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Barclays reissued an “overweight” rating on shares of APi Group in a research report on Thursday. Citigroup reissued a “buy” rating and set a $53.00 price objective (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Truist Financial set a $55.00 target price on shares of APi Group and gave the company a “buy” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and a consensus target price of $51.86.

Trending Headlines about APi Group

Here are the key news stories impacting APi Group this week:

• Positive Sentiment: Recent fundamentals: APG reported an April quarter that topped EPS and revenue estimates and showed ~15% year-over-year revenue growth, supporting investor confidence in near-term results.
• Neutral Sentiment: Many disclosed director sales were executed under pre-arranged Rule 10b5-1 trading plans, which makes them more likely routine liquidity events rather than ad-hoc negative signals. Representative filing: SEC Filing
• Negative Sentiment: Director James E. Lillie disclosed multiple sales on May 4–5 totaling ~360,000 shares for roughly $16.2M in proceeds (multiple Form 4 entries). These sizable disposals reduce insider ownership and may weigh on sentiment despite the 10b5-1 context. SEC filing: James E. Lillie Form 4
• Negative Sentiment: Director Ian G. H. Ashken disclosed large sales on May 4–5 totaling ~1,084,000 shares for approximately $48.5M in proceeds. The size of these sales is substantial and could cap upside if other insiders follow suit. SEC filing: Ian G. H. Ashken Form 4

About APi Group

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.