APi Group Corporation (APG) – What Are Researchers Saying About This Stock?

Shares of APi Group Corporation (NYSE:APG) have been assigned a consensus rating of “Buy” from the eight research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $52.71.

APG has been the subject of a number of research reports. Wall Street Zen lowered APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. UBS Group set a $52.00 price target on APi Group in a report on Monday, July 20th. Citigroup reiterated a “buy” rating and set a $55.00 price target (up from $54.00) on shares of APi Group in a research report on Monday. Wells Fargo & Company started coverage on shares of APi Group in a report on Tuesday, August 4th. They set an “overweight” rating and a $53.00 price objective on the stock. Finally, Robert W. Baird set a $47.00 price objective on shares of APi Group in a report on Friday, July 31st.

Insider Buying and Selling

In related news, Director Ian G. H. Ashken sold 214,928 shares of the firm’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Lillie sold 285,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 8,952,350 shares of the company’s stock, valued at $356,661,624. This trade represents a 3.09% decrease in their position. 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 have sold 660,000 shares of company stock worth $26,353,682 over the last quarter. 18.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC lifted its stake in shares of APi Group by 125.4% during the second quarter. Squarepoint Ops LLC now owns 967,869 shares of the company’s stock valued at $40,989,000 after acquiring an additional 538,508 shares during the period. Aubrey Capital Management Ltd acquired a new stake in APi Group in the second quarter worth about $2,782,000. WINTON GROUP Ltd acquired a new stake in APi Group in the second quarter worth about $1,160,000. Principal Financial Group Inc. increased its position in APi Group by 7.5% in the first quarter. Principal Financial Group Inc. now owns 855,638 shares of the company’s stock worth $34,670,000 after purchasing an additional 59,715 shares during the period. Finally, JNBA Financial Advisors raised its holdings in APi Group by 66.6% during the 2nd quarter. JNBA Financial Advisors now owns 699,242 shares of the company’s stock worth $29,613,000 after purchasing an additional 279,448 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Stock Performance

NYSE:APG opened at $40.33 on Friday. APi Group has a 1 year low of $33.52 and a 1 year high of $49.99. The firm has a 50 day moving average of $40.03 and a 200-day moving average of $41.71. 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 stock has a market capitalization of $17.43 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 2.33 and a beta of 1.57.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the company earned $0.39 EPS. APi Group’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that APi Group will post 1.72 EPS for the current fiscal year.

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of industrial, commercial and infrastructure services. The company delivers specialized services that help customers design, install, maintain and repair essential systems across buildings, facilities and infrastructure assets.

APi Group’s operations include fire protection and life-safety services, heating, ventilation and air conditioning, electrical and communications work, utility and infrastructure services, industrial maintenance, specialty contracting and other facility services.