APi Group (NYSE:APG) Price Target Cut to $43.00 by Analysts at Barclays

APi Group (NYSE:APG) had its price target cut by Barclays from $44.00 to $43.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms also recently weighed in on APG. UBS Group lowered their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Royal Bank of Canada upgraded 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. Robert W. Baird raised their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Truist Financial reaffirmed a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Finally, William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.29.

APi Group Trading Down 3.3 %

Shares of APi Group stock opened at $36.72 on Wednesday. APi Group has a 1-year low of $31.44 and a 1-year high of $41.31. The company’s fifty day simple moving average is $37.85 and its 200-day simple moving average is $36.33. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market capitalization of $10.19 billion, a PE ratio of -18.64 and a beta of 1.54.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the sale, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On APi Group

Several institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP grew its stake in shares of APi Group by 5,964.3% in the 3rd quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock worth $5,276,000 after buying an additional 157,159 shares in the last quarter. Strategic Financial Concepts LLC grew its position in APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after acquiring an additional 217,071 shares in the last quarter. Fisher Asset Management LLC increased its stake in APi Group by 2.1% during the third quarter. Fisher Asset Management LLC now owns 1,296,769 shares of the company’s stock worth $42,819,000 after acquiring an additional 26,770 shares during the last quarter. Virtu Financial LLC purchased a new stake in APi Group during the third quarter valued at approximately $813,000. Finally, FORA Capital LLC bought a new stake in shares of APi Group in the 3rd quarter valued at approximately $1,488,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.