APi Group (NYSE:APG) Price Target Lowered to $43.00 at Barclays

APi Group (NYSE:APG) had its price objective decreased by equities research analysts at Barclays from $44.00 to $43.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 13.62% from the company’s previous close.

Several other research firms have also weighed in on APG. William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Citigroup reduced their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Tuesday, January 14th. Robert W. Baird increased their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Truist Financial reissued a “buy” rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.29.

APi Group Stock Down 0.3 %

APG opened at $37.84 on Wednesday. APi Group has a 1 year low of $31.44 and a 1 year high of $41.31. The firm has a 50 day moving average price of $37.86 and a 200 day moving average price of $36.33. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company has a market cap of $10.50 billion, a PE ratio of -19.19 and a beta of 1.54.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the sale, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On APi Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of APi Group during the 4th quarter valued at about $34,000. First Horizon Advisors Inc. raised its stake in APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after acquiring an additional 414 shares during the period. Strategic Financial Concepts LLC lifted its holdings in APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after acquiring an additional 217,071 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of APi Group during the fourth quarter valued at approximately $85,000. 86.62% of the stock is owned by institutional investors and hedge funds.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.