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

APi Group Corporation (NYSE:APG) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $43.2381.

A number of brokerages recently issued reports on APG. Barclays upped their target price on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of APi Group in a report on Tuesday, December 23rd. Citigroup reaffirmed a “buy” rating and issued a $49.00 target price (up from $45.00) on shares of APi Group in a report on Monday, January 12th. UBS Group set a $49.00 price target on shares of APi Group and gave the stock a “buy” rating in a research note on Thursday, January 15th. Finally, Truist Financial lifted their price objective on shares of APi Group from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st.

Insider Activity at APi Group

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the completion of the sale, the director directly owned 18,968,790 shares of the company’s stock, valued at approximately $684,583,631.10. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony E. Malkin bought 3,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was bought at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the acquisition, the director owned 7,000 shares of the company’s stock, valued at approximately $277,060. This trade represents a 75.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 7,000 shares of company stock valued at $275,720. 17.00% of the stock is owned by company insiders.

Institutional Trading of APi Group

Institutional investors have recently modified their holdings of the business. Bares Capital Management Inc. acquired a new position in APi Group during the second quarter worth about $30,000. Sound Income Strategies LLC purchased a new position in shares of APi Group during the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its position in shares of APi Group by 14,720.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after purchasing an additional 736 shares during the last quarter. Clearstead Advisors LLC lifted its stake in APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after buying an additional 427 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after buying an additional 297 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Stock Up 1.5%

Shares of NYSE:APG opened at $42.20 on Tuesday. The firm has a 50 day simple moving average of $40.28 and a 200-day simple moving average of $37.06. APi Group has a twelve month low of $20.50 and a twelve month high of $43.75. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $17.55 billion, a PE ratio of 115.08 and a beta of 1.70.

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.