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James E. Lillie, a director at APi Group Corp (NYSE:APG), recently sold a significant portion of his holdings in the company, according to a filing with the Securities and Exchange Commission. The transactions, which took place on March 3, 2025, involved the sale of common stock totaling approximately $9.49 million. The sale represents a notable movement in the $10.3 billion market cap company, which InvestingPro analysis shows maintains a GOOD overall financial health score.
The sales were executed at prices ranging from $37.43 to $39.22 per share, with the stock currently trading at $37.13. According to InvestingPro data, APG’s stock price movements have been quite volatile, with a beta of 1.88. Following these transactions, Lillie holds a substantial number of shares both directly and indirectly. The direct ownership now stands at 1,046,203 shares, while indirect holdings through JTOO LLC and Mariposa Acquisition IV, LLC total several million shares.
These sales were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks, aligning with insider trading regulations. The transactions reflect Lillie’s ongoing management of his investment in APi Group, a company involved in providing services to dwellings and other buildings. While currently operating with moderate debt levels, InvestingPro analysis indicates net income is expected to grow this year, with 6 additional exclusive insights available to subscribers.
In other recent news, API Group Corp reported its fourth-quarter earnings for 2024, revealing a solid performance with earnings per share (EPS) and revenue meeting analysts’ expectations. The company recorded an EPS of $0.51 and slightly exceeded revenue forecasts with $1.86 billion. API Group’s revenue for the quarter increased by 5.8% compared to the previous year, contributing to a record net revenue of $7 billion for the full year 2024. Adjusted EBITDA for the fourth quarter rose by 16.3%, reflecting the company’s strategic focus on expanding its service offerings and improving operational efficiencies. Despite these positive financial results, API Group’s stock experienced a decline in pre-market trading, attributed to broader market trends and investor concerns about future growth prospects. The company continues to expand in the elevator and escalator services market, having entered this sector with the acquisition of Elevated. Looking ahead, API Group projects net revenue between $7.3 billion and $7.5 billion for 2025 and expects adjusted EBITDA to range from $970 million to $1.02 billion. Additionally, API Group remains committed to its growth strategy, emphasizing inspection services and strategic acquisitions to enhance its market presence.
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