APi Group Corporation (NYSE: APG) is 12.17% higher on its value in year-to-date trading and has touched a low of $20.58 and a high of $39.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The APG stock was last observed hovering at around $39.02 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $38.81, the stock is 0.45% and 7.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -0.54% at the moment leaves the stock 28.02% off its SMA200. APG registered 73.10% gain for a year compared to 6-month gain of 52.68%. The firm has a 50-day simple moving average (SMA 50) of $1.68 and a 200-day simple moving average (SMA200) of $17.07.
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The stock witnessed a 1.60% loss in the last 1 month and extending the period to 3 months gives it a 26.46%, and is -1.85% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.83% over the week and 1.96% over the month.
APi Group Corporation (APG) has around 29000 employees, a market worth around $6.73B and $6.93B in sales. Fwd P/E is 17.95. Profit margin for the company is -2.32%. Distance from 52-week low is 88.58% and -2.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.00%).
APi Group Corporation quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $1.59B over the same period.The EPS is expected to grow by 18.46% this year, but quarterly earnings will post 3.10% year-over-year.
364 institutions hold shares in APi Group Corporation (APG), with institutional investors hold 85.89% of the company’s shares. The shares outstanding are 235.58M, and float is at 140.55M with Short Float at 3.99%. Institutions hold 74.87% of the Float.
The top institutional shareholder in the company is Viking Global Investors, L.P. with over 34.2 million shares valued at $932.28 million. The investor’s holdings represent 14.50% of the APG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 18.69 million shares valued at $509.57 million to account for 7.93% of the shares outstanding. The other top investors are Blackrock Inc. which holds 14.89 million shares representing 6.31% and valued at over $405.89 million, while Allspring Global Investments Holdings, LLC holds 4.06% of the shares totaling 9.58 million with a market value of $261.18 million.
APi Group Corporation (APG) Insider Activity
The most recent transaction is an insider sale by VIKING GLOBAL INVESTORS LP, the company’s 10% Owner. SEC filings show that VIKING GLOBAL INVESTORS LP sold 3,038,617 shares of the company’s common stock on Mar 05 ’24 at a price of $34.25 per share for a total of $104.07 million. Following the sale, the insider now owns 39032.0 shares.
APi Group Corporation disclosed in a document filed with the SEC on Mar 05 ’24 that VIKING GLOBAL INVESTORS LP (10% Owner) sold a total of 3,038,617 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $34.25 per share for $104.07 million. Following the transaction, the insider now directly holds 39032.0 shares of the APG stock.
Still, SEC filings show that on Mar 04 ’24, ASHKEN IAN G H (Director) disposed off 150,000 shares at an average price of $38.38 for $5.76 million. The insider now directly holds 5,978,779 shares of APi Group Corporation (APG).
