Insider Selling: APi Group Co. (NYSE:APG) Director Sells 50,000 Shares of Stock

APi Group Co. (NYSE:APG - Get Free Report) Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the sale, the director now owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

APi Group Price Performance

NYSE APG traded up $0.22 on Friday, hitting $36.30. The company had a trading volume of 2,869,851 shares, compared to its average volume of 1,628,483. The company has a market capitalization of $10.07 billion, a PE ratio of -18.42 and a beta of 1.54. The company's fifty day moving average price is $37.66 and its 200-day moving average price is $36.12. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $41.31.

Institutional Investors Weigh In On APi Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in APi Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company's stock worth $831,791,000 after acquiring an additional 127,038 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of APi Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company's stock worth $562,120,000 after buying an additional 2,602,758 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of APi Group by 118.2% during the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock worth $393,774,000 after buying an additional 5,931,314 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of APi Group by 19.2% during the fourth quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock worth $359,811,000 after buying an additional 1,611,744 shares in the last quarter. Finally, Durable Capital Partners LP grew its holdings in shares of APi Group by 199.8% during the fourth quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company's stock worth $180,121,000 after buying an additional 3,337,468 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

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Analysts Set New Price Targets

APG has been the subject of several research reports. Robert W. Baird lifted their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. 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 for the company in a research note on Tuesday, January 14th. Truist Financial restated a "buy" rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. William Blair reiterated an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Citigroup decreased their target price on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, APi Group has a consensus rating of "Moderate Buy" and an average price target 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.