APi Group Corporation (NYSE: APG) is 1.89% higher on its value in year-to-date trading and has touched a low of $30.26 and a high of $40.89 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 $35.93 in the last trading session, with the day’s gains setting it 0.72%.
Currently trading at $36.65, the stock is -2.00% and 0.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 2.00% at the moment leaves the stock 1.07% off its SMA200. APG registered 19.42% gain for a year compared to 6-month gain of -0.65%. The firm has a 50-day simple moving average (SMA 50) of $36.5538 and a 200-day simple moving average (SMA200) of $36.2623.
The stock witnessed a -2.66% loss in the last 1 month and extending the period to 3 months gives it a 16.39%, and is 0.38% 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 2.26% over the week and 2.97% over the month.
APi Group Corporation (APG) has around 29000 employees, a market worth around $10.42B and $6.92B in sales. Fwd P/E is 17.43. Profit margin for the company is -6.54%. Distance from 52-week low is 21.12% and -10.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.52%).
The EPS is expected to grow by 16.60% this year.
APi Group Corporation (APG) Top Institutional Holders
477.0 institutions hold shares in APi Group Corporation (APG), with institutional investors hold 88.40% of the company’s shares. The shares outstanding are 274.76M, and float is at 151.66M with Short Float at 3.20%. Institutions hold 79.01% 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 ASHKEN IAN G H, the company’s Director. SEC filings show that ASHKEN IAN G H sold 53,868 shares of the company’s common stock on Nov 13 ’24 at a price of $36.87 per share for a total of $1.99 million. Following the sale, the insider now owns 5.48 million shares.
APi Group Corporation disclosed in a document filed with the SEC on Nov 13 ’24 that LILLIE JAMES E (Director) sold a total of 47,939 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $36.88 per share for $1.77 million. Following the transaction, the insider now directly holds 5.01 million shares of the APG stock.
Still, SEC filings show that on Nov 13 ’24, LILLIE JAMES E (Director) disposed off 11,985 shares at an average price of $36.88 for $0.44 million. The insider now directly holds 1,096,203 shares of APi Group Corporation (APG).
