APi Group Co. (NYSE:APG) Receives Average Recommendation of “Moderate Buy” from Brokerages

APi Group Co. (NYSE:APG) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $43.43.

APG has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. UBS Group cut their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Truist Financial reissued a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th.

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Advantage Alpha Capital Partners LP grew its stake in APi Group by 79.6% in the third quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after purchasing an additional 119,229 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of APi Group in the 3rd quarter worth about $881,000. Dynamic Technology Lab Private Ltd bought a new position in shares of APi Group in the 3rd quarter worth about $2,586,000. Oppenheimer Asset Management Inc. increased its stake in shares of APi Group by 60.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after acquiring an additional 37,531 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in APi Group by 5,964.3% during the 3rd quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock valued at $5,276,000 after acquiring an additional 157,159 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

Shares of NYSE:APG opened at $37.20 on Friday. The company’s fifty day moving average is $37.69 and its 200 day moving average is $36.15. APi Group has a 52 week low of $31.44 and a 52 week high of $41.31. The stock has a market cap of $10.33 billion, a PE ratio of -18.88 and a beta of 1.54. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

About APi Group

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.