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

Shares of APi Group Corporation (NYSE:APG) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $52.1429.

APG has been the subject of several research reports. Weiss Ratings lowered shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Royal Bank Of Canada lifted their price target on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Truist Financial set a $55.00 price target on APi Group and gave the stock a “buy” rating in a research note on Friday, May 1st. Robert W. Baird set a $52.00 price target on APi Group in a research note on Friday, May 1st. Finally, Barclays restated an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th.

Insider Transactions at APi Group

In related news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the transaction, the director owned 19,240,426 shares of the company’s stock, valued at approximately $809,637,126.08. This trade represents a 9.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ian G. H. Ashken sold 65,534 shares of APi Group stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.49, for a total transaction of $2,981,141.66. Following the completion of the transaction, the director owned 9,477,284 shares in the company, valued at approximately $431,121,649.16. The trade was a 0.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 6,444,000 shares of company stock worth $271,537,645. 18.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of APG. Glenmede Trust Co. NA purchased a new position in shares of APi Group in the first quarter worth about $250,000. Wellington Grp LLC boosted its holdings in APi Group by 19,717.2% during the 1st quarter. Wellington Grp LLC now owns 36,860 shares of the company’s stock valued at $1,494,000 after acquiring an additional 36,674 shares during the period. Argent Capital Management LLC purchased a new stake in APi Group during the 1st quarter valued at about $3,668,000. Western Wealth Management LLC bought a new position in APi Group during the 1st quarter worth approximately $520,000. Finally, Janus Henderson Group PLC grew its position in APi Group by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock worth $946,846,000 after acquiring an additional 250,873 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Trading Up 0.0%

Shares of APG opened at $42.34 on Monday. The firm’s 50 day simple moving average is $43.99 and its 200 day simple moving average is $42.31. The company has a market capitalization of $18.34 billion, a P/E ratio of -59.64, a P/E/G ratio of 2.48 and a beta of 1.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36. APi Group has a 1-year low of $31.75 and a 1-year high of $49.99.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. Sell-side analysts forecast that APi Group will post 1.7 earnings per share for the current fiscal year.

About APi Group

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.