APi Group Co. (NYSE:APG) Given Average Rating of “Moderate Buy” by Brokerages

APi Group Co. (NYSE:APG) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $43.86.

A number of equities research analysts have recently issued reports on the company. Barclays dropped their price target on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Robert W. Baird dropped their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd.

APi Group Price Performance

Shares of APi Group stock opened at $33.57 on Wednesday. The firm has a market cap of $9.21 billion, a PE ratio of -15.61 and a beta of 1.55. The business has a 50-day moving average price of $33.86 and a 200 day moving average price of $36.13. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. APi Group has a twelve month low of $24.61 and a twelve month high of $39.98.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the firm posted $0.41 EPS. APi Group’s revenue was down 2.3% compared to the same quarter last year. Sell-side analysts predict that APi Group will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.03, for a total value of $4,954,500.00. Following the sale, the director now owns 5,678,779 shares of the company’s stock, valued at $187,570,070.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Louis Lambert sold 6,333 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.45, for a total value of $205,505.85. Following the completion of the sale, the senior vice president now owns 8,100 shares in the company, valued at approximately $262,845. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $33.03, for a total value of $4,954,500.00. Following the transaction, the director now directly owns 5,678,779 shares of the company’s stock, valued at approximately $187,570,070.37. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,358 shares of company stock valued at $11,653,157 in the last 90 days. Company insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of APi Group by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock valued at $856,950,000 after purchasing an additional 1,031,564 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in APi Group by 39.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock valued at $253,030,000 after purchasing an additional 1,826,227 shares during the last quarter. Findlay Park Partners LLP increased its position in shares of APi Group by 39.1% in the first quarter. Findlay Park Partners LLP now owns 5,193,748 shares of the company’s stock valued at $203,958,000 after buying an additional 1,459,000 shares in the last quarter. Janus Henderson Group PLC grew its stake in APi Group by 6,312.4% in the 1st 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. Finally, Capital Research Global Investors increased its holdings in APi Group by 271.2% during the 1st quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock valued at $169,701,000 after acquiring an additional 3,157,283 shares in the last quarter. Hedge funds and other institutional investors 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.