James E. Lillie Sells 50,000 Shares of APi Group Co. (NYSE:APG) Stock

APi Group Co. (NYSE:APG) Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

APi Group Stock Performance

Shares of APG traded up $0.39 during midday trading on Wednesday, reaching $37.20. 1,745,201 shares of the stock were exchanged, compared to its average volume of 1,619,439. The stock’s 50 day simple moving average is $37.65 and its 200 day simple moving average is $36.09. The company has a market cap of $10.33 billion, a P/E ratio of -18.88 and a beta of 1.54. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.31. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Institutional Trading of APi Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advantage Alpha Capital Partners LP increased its holdings in shares of APi Group by 79.6% during the third quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after purchasing an additional 119,229 shares during the period. GSA Capital Partners LLP acquired a new stake in APi Group during the third quarter worth approximately $881,000. Dynamic Technology Lab Private Ltd bought a new position in APi Group during the 3rd quarter worth $2,586,000. Oppenheimer Asset Management Inc. increased its position in shares of APi Group by 60.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after purchasing an additional 37,531 shares during the period. Finally, Quantbot Technologies LP grew its stake in APi Group by 5,964.3% during the third quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock worth $5,276,000 after buying an additional 157,159 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of recent analyst reports. Barclays boosted their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Truist Financial reissued a “buy” rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Citigroup cut their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. Finally, William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

About APi Group

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.