APi Group (NYSE:APG) Sees Unusually-High Trading Volume

APi Group Co. (NYSE:APG) shares saw unusually-strong trading volume on Friday . Approximately 603,883 shares traded hands during mid-day trading, a decline of 63% from the previous session’s volume of 1,619,878 shares.The stock last traded at $39.19 and had previously closed at $38.47.

Analyst Ratings Changes

Several equities analysts have commented on APG shares. Jefferies Financial Group started coverage on APi Group in a report on Friday, March 15th. They issued a “buy” rating and a $48.00 price target for the company. JPMorgan Chase & Co. increased their target price on APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Citigroup raised their price target on APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a report on Monday, April 8th. UBS Group raised their price target on APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Robert W. Baird increased their price objective on APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, APi Group presently has an average rating of “Moderate Buy” and a consensus price target of $44.29.

APi Group Price Performance

The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.35. The stock has a market capitalization of $10.32 billion, a P/E ratio of -17.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.57. The stock has a 50-day simple moving average of $37.33 and a 200 day simple moving average of $36.07.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the company earned $0.25 EPS. The firm’s revenue was down .8% on a year-over-year basis. On average, equities analysts forecast that APi Group Co. will post 1.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the sale, the director now owns 5,828,779 shares of the company’s stock, valued at approximately $216,888,866.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the sale, the director now owns 5,828,779 shares of the company’s stock, valued at approximately $216,888,866.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Global Investors Lp Viking sold 1,951,782 shares of APi Group stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $38.15, for a total value of $74,460,483.30. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.

Institutional Trading of APi Group

Several hedge funds and other institutional investors have recently modified their holdings of APG. Janus Henderson Group PLC increased its position in shares of APi Group by 6,312.4% in the first quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after acquiring an additional 4,808,536 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of APi Group in the fourth quarter valued at about $159,751,000. Blackstone Inc. bought a new position in APi Group during the first quarter worth about $139,191,000. Gates Capital Management Inc. bought a new position in APi Group during the fourth quarter worth about $111,729,000. Finally, Capital Research Global Investors grew its holdings in APi Group by 271.2% during the first quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock worth $169,701,000 after purchasing an additional 3,157,283 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

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.