APi Group Corporation (NYSE:APG) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• APi Group Corporation has received an average recommendation of "Moderate Buy" from nine brokerages, with an average one-year price target of $36.10.
• Recent insider trades include CAO James Arseniadis selling 4,843 shares and Director James E. Lillie selling 190,000 shares, indicating decreasing ownership positions.
• For Q2, APi Group reported an earnings per share (EPS) of $0.39, surpassing expectations, with total revenue reaching $1.99 billion, up 15% year-over-year.

Shares of APi Group Corporation (NYSE:APG - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $36.0952.

APG has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $34.67 price objective on shares of APi Group in a research note on Friday, June 27th. Zacks Research lowered shares of APi Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Wall Street Zen raised APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Finally, Barclays reissued an "overweight" rating and set a $42.00 price objective (up from $40.00) on shares of APi Group in a research note on Monday, August 4th.

Insider Buying and Selling

In other APi Group news, CAO James Arseniadis sold 4,843 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.38, for a total value of $171,345.34. Following the completion of the transaction, the chief accounting officer directly owned 12,116 shares in the company, valued at $428,664.08. This trade represents a 28.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 190,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $34.88, for a total transaction of $6,627,200.00. Following the sale, the director owned 7,443,101 shares in the company, valued at $259,615,362.88. This represents a 2.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,789,843 shares of company stock worth $62,262,672. Company insiders own 17.00% of the company's stock.

Institutional Trading of APi Group

A number of hedge funds have recently made changes to their positions in APG. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in APi Group by 114.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company's stock valued at $100,227,000 after purchasing an additional 1,495,268 shares in the last quarter. Cresset Asset Management LLC boosted its stake in shares of APi Group by 3.6% during the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock valued at $382,000 after buying an additional 374 shares during the period. Wedmont Private Capital purchased a new position in shares of APi Group during the 2nd quarter valued at $368,000. Voya Investment Management LLC increased its stake in shares of APi Group by 4.6% in the first quarter. Voya Investment Management LLC now owns 28,883 shares of the company's stock worth $1,033,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Amundi purchased a new stake in shares of APi Group during the first quarter worth $10,733,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Price Performance

Shares of NYSE:APG opened at $34.37 on Wednesday. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 107.41 and a beta of 1.61. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37. APi Group has a 12 month low of $20.50 and a 12 month high of $36.55. The stock's 50 day moving average price is $35.09 and its 200 day moving average price is $31.14.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.88 billion. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The firm's revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that APi Group will post 1.83 earnings per share for the current fiscal year.

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.

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