APi Group (NYSE:APG) Director Anthony Malkin Sells 7,000 Shares of Stock

APi Group Corporation (NYSE:APG) Director Anthony Malkin sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $42.47, for a total transaction of $297,290.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

APi Group Stock Down 2.8%

APi Group stock opened at $41.58 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79. APi Group Corporation has a 12-month low of $32.70 and a 12-month high of $49.99. The firm’s fifty day moving average is $43.89 and its 200 day moving average is $42.46. The company has a market capitalization of $18.01 billion, a PE ratio of -58.56, a PEG ratio of 2.51 and a beta of 1.60.

APi Group (NYSE:APG) last issued its earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. APi Group’s revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts predict that APi Group Corporation will post 1.7 EPS for the current fiscal year.

Institutional Investors Weigh In On APi Group

Several institutional investors have recently bought and sold shares of the stock. Congress Asset Management Co. purchased a new position in shares of APi Group during the 4th quarter valued at $49,665,000. TD Asset Management Inc grew its stake in shares of APi Group by 40.0% during the 3rd quarter. TD Asset Management Inc now owns 218,116 shares of the company’s stock worth $7,497,000 after acquiring an additional 62,322 shares during the period. Rathbones Group PLC increased its holdings in APi Group by 215.7% in the 4th quarter. Rathbones Group PLC now owns 211,909 shares of the company’s stock worth $8,108,000 after acquiring an additional 144,789 shares during the last quarter. HighTower Advisors LLC increased its holdings in APi Group by 197.8% in the 3rd quarter. HighTower Advisors LLC now owns 47,472 shares of the company’s stock worth $1,632,000 after acquiring an additional 31,532 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in APi Group by 44.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,386,049 shares of the company’s stock valued at $47,639,000 after acquiring an additional 426,642 shares during the period. Institutional investors own 86.62% of the company’s stock.

Analysts Set New Price Targets

APG has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. UBS Group increased their price target on APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Robert W. Baird set a $52.00 price objective on APi Group in a report on Friday, May 1st. Finally, Barclays restated an “overweight” rating and set a $54.00 price objective (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.14.

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.