Key Points
- Director Ian Ashken sold 85,072 APi Group shares for approximately $3.43 million at an average price of $40.36. The transaction was made under a pre-arranged Rule 10b5-1 plan, and he retained more than 9.17 million shares.
- APi Group exceeded quarterly expectations, reporting $0.44 in earnings per share versus the $0.43 consensus estimate and $2.25 billion in revenue, up 13.3% year over year.
- Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $52.57, compared with a referenced share price of $41.83.
APi Group Corporation (NYSE:APG - Get Free Report) Director Ian Ashken sold 85,072 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $40.36, for a total transaction of $3,433,505.92. Following the completion of the transaction, the director owned 9,177,284 shares of the company's stock, valued at approximately $370,395,182.24. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
APi Group Stock Up 0.7%
APG stock opened at $41.83 on Thursday. APi Group Corporation has a one year low of $33.40 and a one year high of $49.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.39. The firm's fifty day moving average is $41.27 and its 200 day moving average is $42.67. The firm has a market cap of $18.08 billion, a PE ratio of -62.43, a P/E/G ratio of 2.42 and a beta of 1.60.
APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company's revenue was up 13.3% compared to the same quarter last year. On average, research analysts forecast that APi Group Corporation will post 1.72 EPS for the current year.
Hedge Funds Weigh In On APi Group
Several hedge funds and other institutional investors have recently made changes to their positions in APG. Sound Income Strategies LLC purchased a new stake in shares of APi Group during the fourth quarter worth approximately $27,000. Silicon Valley Capital Partners raised its stake in APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company's stock valued at $29,000 after purchasing an additional 286 shares during the last quarter. Parallel Advisors LLC lifted its holdings in APi Group by 55.3% in the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company's stock valued at $29,000 after purchasing an additional 297 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in APi Group by 1,851.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company's stock valued at $29,000 after purchasing an additional 722 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in APi Group by 14,720.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 741 shares of the company's stock worth $31,000 after purchasing an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.
Key APi Group News
Here are the key news stories impacting APi Group this week:
- Positive Sentiment: Wells Fargo initiated coverage of APi Group with an “overweight” rating and a $53 price target, implying approximately 26.7% upside from the referenced $41.83 level. The new coverage adds a bullish Wall Street view and may help investor confidence. API Group rated overweight in new research coverage at Wells Fargo
- Positive Sentiment: J.P. Morgan reaffirmed its buy rating on APi Group, reinforcing the view that the company’s shares remain attractive. J.P. Morgan Reaffirms Their Buy Rating on APi Group
- Neutral Sentiment: Director Ian G. H. Ashken sold a combined 300,000 shares for approximately $12.0 million, while retaining more than 9.17 million shares. Both sales were conducted under a pre-arranged Rule 10b5-1 plan, which reduces their usefulness as a signal of a discretionary bearish outlook. SEC insider transaction filing
- Negative Sentiment: Director James E. Lillie sold a combined 360,000 shares worth approximately $14.3 million. Although the transactions were also executed under a 10b5-1 plan, the sizable sales could create short-term supply and raise investor concerns about insider conviction. Lillie continues to hold substantial APi Group stock. SEC insider transaction filing
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Truist Financial set a $55.00 price target on APi Group and gave the stock a "buy" rating in a research report on Friday, May 1st. Robert W. Baird set a $47.00 price target on shares of APi Group in a research note on Friday, July 31st. UBS Group set a $52.00 price target on shares of APi Group in a research note on Monday, July 20th. Barclays restated an "overweight" rating and set a $54.00 price objective (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of APi Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, APi Group has an average rating of "Moderate Buy" and a consensus target price of $52.57.
Check Out Our Latest Research Report on APG
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.
See Also

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].