Robert W. Baird Increases APi Group (NYSE:APG) Price Target to $43.00

APi Group (NYSE:APG) had its price target hoisted by Robert W. Baird from $39.00 to $43.00 in a research report report published on Tuesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

APG has been the subject of several other research reports. Citigroup boosted their target price on APi Group from $43.00 to $47.00 and gave the stock a buy rating in a research note on Monday, April 8th. Barclays boosted their target price on APi Group from $37.00 to $44.00 and gave the stock an overweight rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. boosted their target price on APi Group from $31.00 to $35.00 and gave the stock a neutral rating in a research note on Wednesday, March 6th. TheStreet downgraded APi Group from a b rating to a c+ rating in a research note on Wednesday, February 28th. Finally, UBS Group boosted their price target on APi Group from $40.00 to $48.00 and gave the stock a buy rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $44.29.

APi Group Stock Down 0.4 %

APG opened at $39.11 on Tuesday. APi Group has a fifty-two week low of $21.15 and a fifty-two week high of $39.98. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43. The company has a market capitalization of $10.22 billion, a P/E ratio of -51.46, a P/E/G ratio of 1.16 and a beta of 1.64. The stock has a fifty day moving average of $37.47 and a 200-day moving average of $32.57.

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

Insider Buying and Selling at APi Group

In other APi Group news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was 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 owns 34,180 shares in the company, valued at approximately $1,220,909.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the completion of the transaction, the chief financial officer now owns 34,180 shares in the company, valued at approximately $1,220,909.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 approximately $209,378,674.18. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

Institutional Trading of APi Group

Several institutional investors and hedge funds have recently modified their holdings of APG. Price T Rowe Associates Inc. MD purchased a new stake in shares of APi Group in the 4th quarter valued at about $159,751,000. Gates Capital Management Inc. purchased a new stake in shares of APi Group in the 4th quarter valued at about $111,729,000. Findlay Park Partners LLP raised its holdings in shares of APi Group by 225.7% during the 3rd quarter. Findlay Park Partners LLP now owns 3,832,820 shares of the company’s stock valued at $99,385,000 after buying an additional 2,656,158 shares in the last quarter. Norges Bank purchased a new position in shares of APi Group during the 4th quarter valued at about $77,071,000. Finally, Vanguard Group Inc. raised its holdings in shares of APi Group by 10.2% during the 4th quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock valued at $719,349,000 after buying an additional 1,930,059 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Company Profile

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.