APi Group (NYSE:APG) Share Price Breaks Above 50 Day Moving Average – Time to Sell?

APi Group Corporation (NYSE:APG)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $39.72 and traded as high as $40.56. APi Group shares last traded at $40.2930, with a volume of 2,360,535 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group set a $52.00 target price on shares of APi Group in a report on Monday, July 20th. Weiss Ratings upgraded APi Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, October 21st. Citigroup reiterated a “buy” rating and set a $55.00 price target (up from $54.00) on shares of APi Group in a research note on Monday, October 12th. Wells Fargo & Company started coverage on APi Group in a report on Tuesday, August 4th. They set an “overweight” rating and a $53.00 price objective for the company. Finally, Wall Street Zen downgraded APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, APi Group currently has a consensus rating of “Buy” and a consensus price target of $52.71.

APi Group Price Performance

The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The company has a market cap of $17.85 billion, a P/E ratio of -61.65, a PEG ratio of 1.77 and a beta of 1.57. The business’s fifty day moving average is $39.54 and its 200 day moving average is $41.90.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.44 earnings per share 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 company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that APi Group Corporation will post 1.73 EPS for the current year.

Insider Activity at APi Group

In other APi Group news, Director Ian Ashken sold 214,928 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $39.91, for a total value of $8,577,776.48. Following the sale, the director owned 9,262,356 shares of the company’s stock, valued at $369,660,627.96. This trade represents a 2.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Lillie sold 285,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $39.84, for a total value of $11,354,400.00. Following the completion of the sale, the director directly owned 8,952,350 shares in the company, valued at $356,661,624. The trade was a 3.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 660,000 shares of company stock worth $26,353,682 in the last 90 days. Company insiders own 18.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC boosted its stake in shares of APi Group by 55.7% during the 3rd quarter. CoreCap Advisors LLC now owns 716 shares of the company’s stock valued at $28,000 after purchasing an additional 256 shares in the last quarter. Root Financial Partners LLC raised its stake in APi Group by 20.3% in the first quarter. Root Financial Partners LLC now owns 1,256 shares of the company’s stock worth $51,000 after buying an additional 212 shares in the last quarter. John Boyer Inc. bought a new position in APi Group in the third quarter worth about $61,000. Whittier Trust Co. raised its stake in APi Group by 84.4% in the first quarter. Whittier Trust Co. now owns 2,060 shares of the company’s stock worth $87,000 after buying an additional 943 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in APi Group by 35.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,297 shares of the company’s stock worth $93,000 after buying an additional 607 shares during the period. 86.62% of the stock is currently owned by institutional investors.

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.