APi Group (NYSE:APG) Hits New 1-Year Low – Here’s What Happened

APi Group Co. (NYSE:APG)’s stock price hit a new 52-week low on Friday . The company traded as low as $31.40 and last traded at $32.26, with a volume of 435545 shares changing hands. The stock had previously closed at $33.91.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APG. Robert W. Baird increased their price objective 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. Citigroup dropped their price target on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. 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. UBS Group cut their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Truist Financial restated 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, APi Group has an average rating of “Moderate Buy” and an average target price of $43.29.

APi Group Stock Down 4.4 %

The stock has a market cap of $9.00 billion, a P/E ratio of -16.46 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock’s 50-day moving average is $37.48 and its 200-day moving average is $36.40.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction 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 approximately $39,724,327.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 18.20% of the company’s stock.

Institutional Trading of APi Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. raised its position in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of APi Group in the 4th quarter worth approximately $34,000. First Horizon Advisors Inc. raised its holdings in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after purchasing an additional 414 shares in the last quarter. Versant Capital Management Inc lifted its stake in APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company’s stock valued at $58,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after buying an additional 217,071 shares in the last quarter. 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.