APi Group Co. (NYSE:APG) Director Anthony E. Malkin Purchases 21,500 Shares of Stock

APi Group Co. (NYSE:APGGet Rating) Director Anthony E. Malkin purchased 21,500 shares of APi Group stock in a transaction dated Monday, September 19th. The stock was bought at an average price of $15.10 per share, with a total value of $324,650.00. Following the completion of the purchase, the director now directly owns 77,396 shares of the company’s stock, valued at $1,168,679.60. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

APi Group Trading Up 1.5 %

Shares of NYSE:APG opened at $15.17 on Tuesday. APi Group Co. has a 1 year low of $14.13 and a 1 year high of $26.84. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -21.99, a price-to-earnings-growth ratio of 0.52 and a beta of 1.46. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.62 and a quick ratio of 1.52. The business’s 50 day moving average price is $16.41 and its 200-day moving average price is $17.57.

APi Group (NYSE:APGGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. APi Group had a return on equity of 13.70% and a net margin of 1.08%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm posted $0.31 EPS. The business’s revenue was up 68.6% on a year-over-year basis. On average, equities research analysts forecast that APi Group Co. will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

APG has been the topic of several research reports. JPMorgan Chase & Co. began coverage on shares of APi Group in a research report on Friday, June 17th. They issued a “neutral” rating and a $17.00 price target on the stock. Royal Bank of Canada decreased their price target on shares of APi Group from $24.00 to $18.00 in a research report on Monday, July 11th. Bank of America upgraded shares of APi Group from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday, July 11th. Finally, Barclays dropped their price objective on shares of APi Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average price target of $22.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APG. FMR LLC lifted its holdings in APi Group by 39.9% in the 2nd quarter. FMR LLC now owns 6,710,445 shares of the company’s stock valued at $100,456,000 after purchasing an additional 1,912,866 shares in the last quarter. Prudential Financial Inc. lifted its holdings in APi Group by 6,301.4% in the 1st quarter. Prudential Financial Inc. now owns 880,510 shares of the company’s stock valued at $18,517,000 after purchasing an additional 866,755 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in APi Group by 163.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,203,117 shares of the company’s stock valued at $25,302,000 after purchasing an additional 746,708 shares in the last quarter. Robeco Schweiz AG lifted its holdings in APi Group by 17.4% in the 1st quarter. Robeco Schweiz AG now owns 3,066,900 shares of the company’s stock valued at $64,497,000 after purchasing an additional 454,998 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in APi Group by 17.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 3,000,000 shares of the company’s stock valued at $63,090,000 after purchasing an additional 450,000 shares in the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

APi Group Company Profile

(Get Rating)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.

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