Analysts Set APi Group Corporation (NYSE:APG) PT at $53.17

Shares of APi Group Corporation (NYSE:APG) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $52.50.

Several equities analysts recently weighed in on APG shares. Wall Street Zen downgraded APi Group from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group set a $52.00 price target on APi Group in a report on Monday, July 20th. Truist Financial set a $55.00 price objective on shares of APi Group and gave the company a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company began coverage on shares of APi Group in a report on Tuesday. They set an “overweight” rating on the stock. Finally, Barclays reissued an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th.

Insider Activity at APi Group

In other APi Group news, Director Anthony E. Malkin sold 7,000 shares of APi Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total value of $297,290.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Martin E. Franklin sold 2,000,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the sale, the director directly owned 19,240,426 shares of the company’s stock, valued at $809,637,126.08. This represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 18.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in APG. Janus Henderson Group PLC grew its position in APi Group by 1.1% during the first quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock valued at $946,846,000 after acquiring an additional 250,873 shares during the period. Durable Capital Partners LP raised its holdings in shares of APi Group by 40.2% in the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock worth $512,050,000 after purchasing an additional 4,274,610 shares during the period. Viking Global Investors LP raised its holdings in shares of APi Group by 6.7% in the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock worth $422,967,000 after purchasing an additional 768,759 shares during the period. State Street Corp raised its holdings in shares of APi Group by 0.8% in the 4th quarter. State Street Corp now owns 10,863,164 shares of the company’s stock worth $415,625,000 after purchasing an additional 91,388 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of APi Group by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 7,250,619 shares of the company’s stock valued at $277,465,000 after purchasing an additional 624,529 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Trading Up 0.5%

Shares of APi Group stock opened at $39.90 on Tuesday. APi Group has a fifty-two week low of $33.40 and a fifty-two week high of $49.99. The firm has a market cap of $17.28 billion, a PE ratio of -59.54, a P/E/G ratio of 2.32 and a beta of 1.60. The business’s fifty day moving average is $41.28 and its two-hundred day moving average is $42.68. The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.91.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.20 billion. APi Group had a return on equity of 37.59% and a net margin of 3.99%.The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. Analysts anticipate that APi Group will post 1.71 earnings per share for the current year.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.