APi Group Corporation (NYSE:APG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of APi Group Corporation (NYSE:APG) have been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $52.1429.

Several research firms have weighed in on APG. UBS Group boosted their target price on shares of APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Robert W. Baird set a $52.00 price objective on shares of APi Group in a report on Friday, May 1st. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Finally, Truist Financial set a $55.00 price objective on shares of APi Group and gave the company a “buy” rating in a report on Friday, May 1st.

Insider Activity

In other news, Director James E. Lillie sold 59,461 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.50, for a total value of $2,705,475.50. Following the sale, the director directly owned 9,237,350 shares of the company’s stock, valued at $420,299,425. This represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 65,534 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.49, for a total transaction of $2,981,141.66. Following the completion of the sale, the director directly owned 9,477,284 shares in the company, valued at $431,121,649.16. This trade represents a 0.69% 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 have sold 6,444,000 shares of company stock valued at $271,537,645 in the last ninety days. Insiders own 18.70% of the company’s stock.

Hedge Funds Weigh In On APi Group

Large investors have recently made changes to their positions in the company. Allianz Asset Management GmbH raised its position in APi Group by 47.4% during the third quarter. Allianz Asset Management GmbH now owns 337,089 shares of the company’s stock worth $11,586,000 after acquiring an additional 108,433 shares during the period. Envestnet Asset Management Inc. raised its position in APi Group by 48.6% during the third quarter. Envestnet Asset Management Inc. now owns 674,203 shares of the company’s stock worth $23,172,000 after acquiring an additional 220,551 shares during the period. Vanguard Group Inc. raised its position in APi Group by 49.6% during the third quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock worth $1,207,719,000 after acquiring an additional 11,644,990 shares during the period. Congress Asset Management Co. acquired a new position in APi Group during the fourth quarter worth $49,665,000. Finally, TD Asset Management Inc grew its holdings in shares of APi Group by 40.0% during the third quarter. TD Asset Management Inc now owns 218,116 shares of the company’s stock worth $7,497,000 after buying an additional 62,322 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Down 0.7%

NYSE:APG opened at $42.34 on Monday. The company has a market cap of $18.34 billion, a PE ratio of -59.64, a P/E/G ratio of 2.50 and a beta of 1.60. APi Group has a twelve month low of $31.75 and a twelve month high of $49.99. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average is $43.99 and its two-hundred day moving average is $42.28.

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