APi Group (NYSE:APG) Shares Gap Up to $38.56

APi Group Co. (NYSE:APG) shares gapped up prior to trading on Monday . The stock had previously closed at $38.56, but opened at $39.89. APi Group shares last traded at $39.60, with a volume of 71,381 shares changing hands.

Wall Street Analyst Weigh In

APG has been the topic of a number of recent analyst reports. UBS Group upped their price objective on APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Royal Bank of Canada upped their price target on APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. TheStreet cut APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Citigroup upped their price target on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. upped their price target on APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, APi Group has an average rating of “Moderate Buy” and a consensus target price of $44.29.

APi Group Stock Down 0.4 %

The business has a 50-day moving average price of $37.47 and a two-hundred day moving average price of $32.57. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. The firm has a market cap of $10.22 billion, a PE ratio of -51.46, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64.

APi Group (NYSE:APG) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.76 billion. APi Group had a return on equity of 20.24% and a net margin of 2.21%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 earnings per share. On average, equities research analysts expect that APi Group Co. will post 1.86 EPS for the current year.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 125,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the transaction, the director now owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director James E. Lillie sold 125,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the transaction, the director now owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the transaction, the chief financial officer now directly owns 34,180 shares in the company, valued at approximately $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On APi Group

Several large investors have recently bought and sold shares of APG. UniSuper Management Pty Ltd acquired a new position in APi Group in the second quarter valued at $26,000. Toronto Dominion Bank acquired a new position in APi Group in the third quarter valued at $30,000. Quantbot Technologies LP boosted its stake in APi Group by 386.6% in the second quarter. Quantbot Technologies LP now owns 2,360 shares of the company’s stock valued at $35,000 after acquiring an additional 1,875 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in APi Group by 43.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after acquiring an additional 390 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in APi Group by 52.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,969 shares of the company’s stock valued at $56,000 after acquiring an additional 1,019 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

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.