Key Points
- Ian Ashken sold 65,534 shares on May 5 at an average price of $45.49 for about $2.98M, trimming his stake by 0.69% to 9,477,284 shares (worth roughly $431.1M).
- The sale was executed under a pre-arranged Rule 10b5-1 plan, but it forms part of larger insider disposals (Ashken sold ~1.08M shares and director James Lillie sold ~360K shares on May 4–5), which may weigh on investor sentiment despite the planned nature of the trades.
- Fundamentals remain solid: APi Group beat April-quarter estimates with $0.32 EPS vs. $0.30 expected and revenue up ~15.3% year-over-year, and analysts hold a consensus "Moderate Buy" with a ~$51.86 price target.
APi Group Corporation (NYSE:APG - Get Free Report) Director Ian Ashken sold 65,534 shares of the company's stock in a transaction dated 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 owned 9,477,284 shares in the company, valued at approximately $431,121,649.16. The trade was a 0.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
APi Group Stock Performance
Shares of APi Group stock opened at $46.42 on Thursday. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of -65.38, a PEG ratio of 2.68 and a beta of 1.67. The firm's 50-day moving average is $43.75 and its 200 day moving average is $41.10. APi Group Corporation has a 1 year low of $28.36 and a 1 year high of $49.99. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36.
APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. The company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. APi Group's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. Sell-side analysts anticipate that APi Group Corporation will post 1.7 EPS for the current fiscal year.
Hedge Funds Weigh In On APi Group
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in APi Group by 49.6% in the 3rd quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company's stock worth $1,207,719,000 after buying an additional 11,644,990 shares during the last quarter. Janus Henderson Group PLC increased its position 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 purchasing an additional 887,729 shares during the last quarter. Durable Capital Partners LP increased its position 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 purchasing an additional 4,274,610 shares during the last quarter. Viking Global Investors LP increased its position 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 purchasing an additional 768,759 shares during the last quarter. Finally, State Street Corp increased its position 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 purchasing an additional 91,388 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on APG shares. Truist Financial set a $55.00 price target on shares of APi Group and gave the stock a "buy" rating in a research note on Friday, May 1st. Royal Bank Of Canada boosted their target price on APi Group from $45.00 to $53.00 and gave the stock an "outperform" rating in a research report on Thursday, February 26th. Wall Street Zen raised APi Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. UBS Group boosted their target price on APi Group from $54.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Finally, Barclays reissued an "overweight" rating on shares of APi Group in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $51.86.
Check Out Our Latest Stock Analysis on APi Group
Key APi Group News
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
(
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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