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

Key Points

• APi Group Corporation has received a consensus recommendation of "Moderate Buy" from ten brokerages, with eight rating it a buy and two a hold.
• Recent insider sales include Director Ian G. H. Ashken selling over 205,000 shares totaling approximately $7.24 million and Director Martin E. Franklin selling 1.2 million shares for about $41.57 million.
• The company's latest quarterly earnings report revealed a revenue increase of 15% year-over-year and earnings per share of $0.39, exceeding estimates.

Shares of APi Group Corporation (NYSE:APG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $36.0952.

APG has been the subject of several analyst reports. Barclays reaffirmed an "overweight" rating and set a $42.00 target price (up from $40.00) on shares of APi Group in a research report on Monday, August 4th. Zacks Research lowered shares of APi Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of APi Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised APi Group from a "neutral" rating to an "overweight" rating and increased their price target for the company from $31.00 to $42.00 in a research report on Tuesday, July 15th. Finally, Wall Street Zen raised APi Group from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th.

Insiders Place Their Bets

In other news, Director Ian G. H. Ashken sold 205,550 shares of the company's stock in a transaction 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 approximately $280,798,205.08. This represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin E. Franklin sold 1,200,000 shares of APi Group stock in a transaction 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 completion of the transaction, the director directly owned 19,868,790 shares in the company, valued at approximately $688,254,885.60. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,789,843 shares of company stock worth $62,262,672 over the last three months. Company insiders own 17.00% of the company's stock.

Institutional Investors Weigh In On APi Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bridges Investment Management Inc. boosted its holdings in APi Group by 15.4% in the second quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company's stock worth $3,605,000 after acquiring an additional 9,435 shares in the last quarter. Equitable Trust Co. grew its stake in shares of APi Group by 60.5% during the 2nd quarter. Equitable Trust Co. now owns 33,500 shares of the company's stock valued at $1,710,000 after acquiring an additional 12,630 shares during the period. Allianz Asset Management GmbH grew its position in shares of APi Group by 11.1% during the second quarter. Allianz Asset Management GmbH now owns 228,656 shares of the company's stock worth $11,673,000 after purchasing an additional 22,832 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of 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 buying an additional 1,495,268 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in shares of APi Group by 627.6% in the second quarter. New York State Teachers Retirement System now owns 151,402 shares of the company's stock worth $7,729,000 after buying an additional 130,595 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Price Performance

Shares of APG stock opened at $34.79 on Friday. The business has a fifty day simple moving average of $34.94 and a 200 day simple moving average of $32.48. APi Group has a twelve month low of $20.50 and a twelve month high of $36.55. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87. The company has a market cap of $14.47 billion, a P/E ratio of 108.73 and a beta of 1.62.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm's revenue was up 15.0% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast 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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