APi Group Corporation (NYSE:APG) Receives Average Rating of "Buy" from Analysts

Key Points

• APi Group Corporation (NYSE:APG) has received an average rating of "Buy" from eight research firms, with a 12-month target price of approximately $36.10.
• Insider trading activity showed that Director Martin E. Franklin sold 1.2 million shares for about $41.6 million, reducing their ownership by 5.70%.
• Several institutional investors have increased their stakes in APi Group, with Vanguard Group boosting its holdings by 2.0% and State Street Corp increasing its position by 83.2% in the second quarter.

APi Group Corporation (NYSE:APG - Get Free Report) has earned an average recommendation of "Buy" from the eight research firms that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $36.0952.

A number of analysts have recently issued reports on APG shares. Wall Street Zen raised APi Group from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Royal Bank Of Canada restated an "outperform" rating and set a $34.67 price objective on shares of APi Group in a report on Friday, June 27th. JPMorgan Chase & Co. upgraded APi Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $31.00 to $42.00 in a research note on Tuesday, July 15th. Robert W. Baird lifted their price target on shares of APi Group from $31.33 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, UBS Group increased their price objective on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd.

Insider Activity at APi Group

In other APi Group news, Director Martin E. Franklin sold 1,200,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the transaction, the director owned 19,868,790 shares of the company's stock, valued at $688,254,885.60. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 205,550 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the completion of the sale, the director owned 7,968,167 shares of the company's stock, valued at $280,798,205.08. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,789,843 shares of company stock worth $62,262,672. 17.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On APi Group

Several institutional investors have recently made changes to their positions in APG. Vanguard Group Inc. lifted its holdings in shares of APi Group by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company's stock worth $1,199,357,000 after purchasing an additional 453,543 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in APi Group by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company's stock valued at $581,073,000 after buying an additional 621,761 shares during the last quarter. Durable Capital Partners LP boosted its holdings in shares of APi Group by 19.2% during the second quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company's stock valued at $542,333,000 after acquiring an additional 1,712,397 shares during the period. Janus Henderson Group PLC grew its position in shares of APi Group by 19.2% during the fourth quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock worth $359,811,000 after acquiring an additional 1,611,744 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of APi Group by 83.2% in the 2nd quarter. State Street Corp now owns 7,150,845 shares of the company's stock worth $365,051,000 after acquiring an additional 3,247,126 shares during the period. 86.62% of the stock is owned by institutional investors.

APi Group Trading Down 0.2%

NYSE APG opened at $34.97 on Friday. The stock has a market cap of $14.54 billion, a P/E ratio of 109.27 and a beta of 1.61. The company's fifty day simple moving average is $34.95 and its 200-day simple moving average is $29.99. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. APi Group has a 52 week low of $20.50 and a 52 week high of $36.55.

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

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.

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