Key Points
- Director Martin Franklin sold 3,000,000 shares of APi Group on March 19 at an average price of $40.88, generating $122.64 million and reducing his ownership by 12.38% to 21,240,426 shares (≈$868.31M).
- APi Group recent quarter beat expectations with EPS of $0.44 vs. $0.40 and revenue of $2.12 billion (up 13.8% year‑over‑year), reporting a 3.7% net margin and 37.92% return on equity.
- Multiple analysts raised price targets into the low $50s (UBS $54, RBC $53, Truist $53, Citi $52), leaving a MarketBeat consensus rating of "Moderate Buy" and a $48.57 target price.
APi Group Corporation (NYSE:APG - Get Free Report) Director Martin Franklin sold 3,000,000 shares of APi Group stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $40.88, for a total value of $122,640,000.00. Following the sale, the director owned 21,240,426 shares of the company's stock, valued at approximately $868,308,614.88. This trade represents a 12.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
APi Group Trading Up 0.3%
NYSE APG opened at $41.21 on Friday. The stock has a market cap of $17.78 billion, a PE ratio of -54.46, a PEG ratio of 2.45 and a beta of 1.69. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $46.89. The company's 50-day moving average price is $42.91 and its 200-day moving average price is $38.87. The company has a current ratio of 1.50, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81.
APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.09 billion. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. Equities research analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current year.
Analyst Upgrades and Downgrades
APG has been the subject of several research reports. Royal Bank Of Canada upped their target price on APi Group from $45.00 to $53.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. UBS Group upped their price objective on shares of APi Group from $49.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Truist Financial raised their target price on shares of APi Group from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Weiss Ratings restated a "hold (c+)" rating on shares of APi Group in a report on Monday, December 22nd. Finally, Citigroup increased their price objective on shares of APi Group from $49.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. One investment 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.57.
Read Our Latest Stock Analysis on APG
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of APG. Bares Capital Management Inc. purchased a new stake in APi Group during the second quarter valued at approximately $30,000. Sound Income Strategies LLC purchased a new position in APi Group during the 4th quarter worth $27,000. Cornerstone Planning Group LLC raised its stake in APi Group by 14,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company's stock valued at $31,000 after buying an additional 736 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of APi Group by 1,851.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company's stock worth $29,000 after acquiring an additional 722 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of APi Group by 146.7% during the fourth quarter. IFP Advisors Inc now owns 824 shares of the company's stock valued at $32,000 after acquiring an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.
About APi Group
(
Get Free Report)
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.
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