APi Group (NYSE:APG) Lowered to Hold Rating by Zacks Research

Key Points

• APi Group has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating, reflecting changing analyst perceptions of the company.
• Despite the downgrade, several firms declared a "buy" rating with target prices ranging from $34.67 to $42.00, indicating a generally favorable outlook among some analysts.
• In the last quarter, APi Group reported a 15% increase in revenue year-over-year, with earnings per share exceeding analyst expectations, which suggests robust performance despite the rating adjustments.

Zacks Research downgraded shares of APi Group (NYSE:APG - Free Report) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

APG has been the subject of several other reports. Truist Financial raised their target price on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Robert W. Baird raised their target price on shares of APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. UBS Group lifted their price target on shares of APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $34.67 price target on shares of APi Group in a report on Friday, June 27th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.10.

APi Group Price Performance

Shares of APG traded down $0.49 during trading hours on Monday, reaching $34.99. The company had a trading volume of 5,529,216 shares, compared to its average volume of 2,491,030. The firm has a 50 day simple moving average of $35.13 and a 200-day simple moving average of $30.65. The company has a current ratio of 1.45, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 109.35 and a beta of 1.61. APi Group has a 12-month low of $20.50 and a 12-month high of $36.55.

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

Insider Activity

In other news, Director James E. Lillie sold 190,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $34.88, for a total value of $6,627,200.00. Following the completion of the transaction, the director directly owned 7,443,101 shares in the company, valued at approximately $259,615,362.88. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $7,243,582.00. Following the completion of the transaction, 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. Insiders have sold a total of 1,789,843 shares of company stock valued at $62,262,672 over the last ninety days. 17.00% of the stock is owned by company insiders.

Institutional Trading of APi Group

Several institutional investors have recently added to or reduced their stakes in the stock. Bares Capital Management Inc. acquired a new stake in shares of APi Group during the second quarter worth $30,000. SVB Wealth LLC acquired a new stake in shares of APi Group during the first quarter worth $38,000. EverSource Wealth Advisors LLC raised its holdings in shares of APi Group by 547.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company's stock worth $65,000 after purchasing an additional 1,078 shares during the period. Ulland Investment Advisors LLC raised its holdings in shares of APi Group by 41.5% during the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company's stock worth $77,000 after purchasing an additional 440 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock worth $55,000 after purchasing an additional 785 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

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.