APi Group (NYSE:APG) Given New $50.00 Price Target at Truist Financial

APi Group (NYSE:APG) had its price target upped by Truist Financial from $41.00 to $50.00 in a report published on Wednesday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently weighed in on APG. Barclays increased their price target on shares of APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. UBS Group set a $49.00 price target on shares of APi Group and gave the company a “buy” rating in a report on Thursday, January 15th. Finally, CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and an average price target of $43.24.

APi Group Stock Up 0.9%

Shares of APi Group stock opened at $42.40 on Wednesday. The business has a fifty day simple moving average of $39.52 and a 200 day simple moving average of $36.62. The stock has a market cap of $17.63 billion, a PE ratio of 115.64 and a beta of 1.70. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. APi Group has a 12 month low of $20.50 and a 12 month high of $43.26.

APi Group (NYSE:APG) last released its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Research analysts predict that APi Group will post 1.83 EPS for the current year.

Insider Activity

In other news, Director Anthony E. Malkin acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the completion of the acquisition, the director owned 7,000 shares in the company, valued at $277,060. This represents a 75.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Martin E. Franklin sold 340,000 shares of APi Group stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the sale, the director directly owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. This represents a 1.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have bought 7,000 shares of company stock valued at $275,720 and have sold 900,000 shares valued at $32,342,000. 17.00% of the stock is owned by corporate insiders.

Institutional Trading of APi Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new position in APi Group during the fourth quarter worth $27,000. Clearstead Advisors LLC lifted its position in APi Group by 105.7% during the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after buying an additional 427 shares in the last quarter. Silicon Valley Capital Partners lifted its position in APi Group by 50.0% during the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after buying an additional 286 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after buying an additional 297 shares during the last quarter. Finally, Bares Capital Management Inc. bought a new position in shares of APi Group in the 2nd quarter valued at about $30,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

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.