APi Group Corporation (NYSE:APG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of APi Group Corporation (NYSE:APG) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $52.5714.

A number of equities analysts recently issued reports on APG shares. Wall Street Zen downgraded APi Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Truist Financial set a $55.00 price objective on shares of APi Group and gave the stock a “buy” rating in a report on Friday, May 1st. Robert W. Baird set a $47.00 price objective on shares of APi Group in a research report on Friday, July 31st. Citigroup restated a “buy” rating and issued a $54.00 target price (up from $53.00) on shares of APi Group in a report on Friday, July 31st. Finally, Weiss Ratings downgraded shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th.

APi Group Stock Up 2.1%

APi Group stock opened at $41.24 on Friday. APi Group has a 1-year low of $33.40 and a 1-year high of $49.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.39 and a quick ratio of 1.32. The stock has a market cap of $17.82 billion, a PE ratio of -61.55, a P/E/G ratio of 2.35 and a beta of 1.60. The stock’s fifty day moving average is $41.37 and its two-hundred day moving average is $42.68.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. APi Group had a return on equity of 37.59% and a net margin of 3.99%.The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the prior year, the firm posted $0.39 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts expect that APi Group will post 1.72 EPS for the current fiscal year.

Insider Activity at APi Group

In other news, Director James E. Lillie sold 285,000 shares of APi Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $39.84, for a total transaction of $11,354,400.00. Following the sale, the director owned 8,952,350 shares in the company, valued at approximately $356,661,624. The trade was a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 85,072 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $40.36, for a total value of $3,433,505.92. Following the completion of the sale, the director directly owned 9,177,284 shares of the company’s stock, valued at $370,395,182.24. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,667,000 shares of company stock valued at $110,810,972 in the last ninety days. 18.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Silicon Valley Capital Partners lifted its stake in APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after buying an additional 286 shares during the last quarter. Parallel Advisors LLC grew its position in shares of APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after acquiring an additional 297 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of APi Group by 1,851.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock valued at $29,000 after acquiring an additional 722 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of APi Group by 14,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock valued at $31,000 after acquiring an additional 736 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of APi Group by 146.7% in the 4th quarter. IFP Advisors Inc now owns 824 shares of the company’s stock valued at $32,000 after acquiring an additional 490 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.