APi Group Corporation (NYSE: APG) is 3.47% higher on its value in year-to-date trading and has touched a low of $24.61 and a high of $39.98 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 $34.72 in the last trading session, with the day’s gains setting it 1.08%.
Currently trading at $35.80, the stock is 4.10% and 1.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing 3.11% at the moment leaves the stock 0.37% off its SMA200. APG registered 36.23% gain for a year compared to 6-month loss of -6.50%.
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The stock witnessed a 3.35% gain in the last 1 month and extending the period to 3 months gives it a -6.58%, and is 5.20% up 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 1.95% over the week and 2.30% over the month.
APi Group Corporation (APG) has around 29000 employees, a market worth around $6.20B and $6.87B in sales. Fwd P/E is 16.41. Profit margin for the company is -6.95%. Distance from 52-week low is 45.47% and -10.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.15%).
The EPS is expected to grow by 18.32% this year
449.0 institutions hold shares in APi Group Corporation (APG), with institutional investors hold 90.25% of the company’s shares. The shares outstanding are 235.58M, and float is at 150.73M with Short Float at 2.85%. Institutions hold 79.47% of the Float.
The top institutional shareholder in the company is VIKING GLOBAL INVESTORS LP with over 27.03 million shares valued at $1.02 billion. The investor’s holdings represent 10.8241 of the APG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 23.02 million shares valued at $866.16 million to account for 9.2165 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 14.74 million shares representing 5.9018 and valued at over $554.65 million, while BLACKROCK INC. holds 3.8331 of the shares totaling 9.57 million with a market value of $360.23 million.
APi Group Corporation (APG) Insider Activity
The most recent transaction is an insider sale by Lambert Louis, the company’s SVP, Gen Counsel & Secretary. SEC filings show that Lambert Louis sold 5,679 shares of the company’s common stock on Aug 26 ’24 at a price of $36.04 per share for a total of $0.2 million. Following the sale, the insider now owns 2421.0 shares.
Still, SEC filings show that on Aug 21 ’24, FRANKLIN MARTIN E (Director) disposed off 321,077 shares at an average price of $35.16 for $11.29 million. The insider now directly holds 14,445,825 shares of APi Group Corporation (APG).
