APi Group (NYSE:APG) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of APi Group (NYSE:APG) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

A number of other research analysts have also commented on APG. Truist Financial raised their price objective on shares of APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Barclays restated an “overweight” rating and set a $42.00 target price (up from $40.00) on shares of APi Group in a report on Monday, August 4th. Robert W. Baird upped their price target on APi Group from $31.33 to $34.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. UBS Group upped their price target on APi Group from $32.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.10.

APi Group Stock Down 1.0%

Shares of APi Group stock opened at $34.70 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87. The firm has a market cap of $14.43 billion, a P/E ratio of 108.43 and a beta of 1.61. APi Group has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The business has a 50-day moving average price of $35.10 and a 200 day moving average price of $30.46.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. APi Group had a net margin of 3.35% and a return on equity of 21.33%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. APi Group’s quarterly revenue was up 15.0% on a year-over-year basis. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In other news, Director James E. Lillie sold 95,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the sale, the director directly owned 7,348,101 shares of the company’s stock, valued at $258,873,598.23. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO James Arseniadis sold 4,843 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $35.38, for a total transaction of $171,345.34. Following the sale, the chief accounting officer directly owned 12,116 shares in the company, valued at $428,664.08. This trade represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last three months. 17.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On APi Group

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its position in APi Group by 6.7% in the first quarter. Signaturefd LLC now owns 4,067 shares of the company’s stock valued at $145,000 after purchasing an additional 256 shares in the last quarter. Amalgamated Bank grew its position in shares of APi Group by 2.3% in the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company’s stock valued at $438,000 after acquiring an additional 279 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of APi Group by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock worth $194,000 after buying an additional 303 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of APi Group by 3.6% during the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company’s stock worth $382,000 after buying an additional 374 shares during the period. Finally, State of Wyoming boosted its holdings in shares of APi Group by 10.7% during the 1st quarter. State of Wyoming now owns 4,106 shares of the company’s stock worth $147,000 after buying an additional 397 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

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.