APi Group Corporation (NYSE:APG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

APi Group Corporation (NYSE:APG) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $48.5714.

APG has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. Truist Financial upped their price objective on APi Group from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. CJS Securities raised APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays lifted their target price on APi Group from $44.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Finally, Citigroup boosted their target price on APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, February 26th.

Insider Activity at APi Group

In related news, Director Martin E. Franklin sold 3,000,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $40.88, for a total value of $122,640,000.00. Following the completion of the sale, the director owned 21,240,426 shares in the company, valued at $868,308,614.88. This trade represents a 12.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Lillie sold 100,888 shares of APi Group stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $44.30, for a total value of $4,469,338.40. Following the completion of the sale, the director directly owned 9,706,462 shares in the company, valued at $429,996,266.60. This represents a 1.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,682,000 shares of company stock worth $152,333,385 in the last three months. Insiders own 17.00% of the company’s stock.

Institutional Investors Weigh In On APi Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new stake in APi Group during the 4th quarter valued at $27,000. Clearstead Advisors LLC raised its holdings in shares of APi Group by 105.7% in the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after acquiring an additional 427 shares during the last quarter. Silicon Valley Capital Partners lifted its position in shares of APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after acquiring an additional 286 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after acquiring an additional 297 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of APi Group by 1,851.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock valued at $29,000 after acquiring an additional 722 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Up 1.5%

APG stock opened at $42.07 on Wednesday. The company has a market cap of $18.15 billion, a price-to-earnings ratio of -55.60, a price-to-earnings-growth ratio of 2.47 and a beta of 1.69. The company has a fifty day moving average price of $42.82 and a 200 day moving average price of $39.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 1.43. APi Group has a 12 month low of $20.50 and a 12 month high of $46.89.

APi Group (NYSE:APG) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the firm posted $0.51 EPS. APi Group’s revenue for the quarter was up 13.8% on a year-over-year basis. Sell-side analysts expect that APi Group will post 1.83 earnings per share for the current year.

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.