APi Group (NYSE:APG) Reaches New 52-Week High – Should You Buy?

APi Group Corporation (NYSE:APG) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $49.45 and last traded at $48.9470, with a volume of 2228458 shares. The stock had previously closed at $48.51.

Analyst Upgrades and Downgrades

APG has been the subject of several recent analyst reports. UBS Group upped their price target on APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Citigroup upped their price target on APi Group from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada upped their price target on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Wall Street Zen downgraded APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Truist Financial upped their price target on APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.57.

APi Group Stock Down 0.6%

The company has a current ratio of 1.50, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81. The firm has a market cap of $21.04 billion, a price-to-earnings ratio of -64.29, a PEG ratio of 2.92 and a beta of 1.68. The firm has a 50-day moving average of $43.38 and a two-hundred day moving average of $40.52.

APi Group (NYSE:APG) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. APi Group had a return on equity of 37.92% and a net margin of 3.70%.The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts predict that APi Group Corporation will post 1.67 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 114,409 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $43.12, for a total value of $4,933,316.08. Following the completion of the transaction, the director owned 10,633,830 shares of the company’s stock, valued at $458,530,749.60. This represents a 1.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James E. Lillie sold 100,888 shares of the company’s 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 owned 9,706,462 shares in the company, valued at approximately $429,996,266.60. This represents a 1.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,682,000 shares of company stock valued at $152,333,385 in the last quarter. Corporate insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On APi Group

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC bought a new stake in APi Group during the 1st quarter worth approximately $650,000. Goldman Sachs Group Inc. grew its position in APi Group by 73.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock worth $6,369,000 after acquiring an additional 75,490 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in APi Group by 547.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock worth $65,000 after acquiring an additional 1,078 shares during the last quarter. First Trust Advisors LP grew its position in APi Group by 166.5% during the 2nd quarter. First Trust Advisors LP now owns 173,569 shares of the company’s stock worth $8,861,000 after acquiring an additional 108,447 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position in APi Group by 5.7% during the 2nd quarter. Cresset Asset Management LLC now owns 11,305 shares of the company’s stock worth $577,000 after acquiring an additional 612 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

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.