APi Group (NYSE:APG) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• APi Group has received a "hold (C+)" rating from Weiss Ratings, while eight analysts rated it as a Buy and the stock has a consensus rating of "Moderate Buy" with an average target price of $36.10.
• The company's stock traded at $35.35, close to its 52-week high of $36.55, with a market capitalization of $14.70 billion.
• Insider sales included Director Ian G. H. Ashken selling over 205,000 shares, reflecting a 2.51% decrease in their holdings, and a total of 1.79 million shares sold by insiders in the last quarter.

APi Group (NYSE:APG - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Zacks Research lowered APi Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 15th. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Barclays reiterated an "overweight" rating and issued a $42.00 price target (up previously from $40.00) on shares of APi Group in a research report on Monday, August 4th. Finally, Royal Bank Of Canada restated 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 two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.10.

APi Group Price Performance

Shares of APG stock traded up $0.83 during trading hours on Wednesday, reaching $35.35. The company's stock had a trading volume of 1,906,162 shares, compared to its average volume of 2,951,093. The company has a quick ratio of 1.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.87. APi Group has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 110.47 and a beta of 1.62. The firm's 50 day simple moving average is $35.08 and its 200-day simple moving average is $31.47.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business's quarterly 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. Sell-side analysts forecast that APi Group will post 1.83 earnings per share for the current year.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 205,550 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $35.24, for a total transaction of $7,243,582.00. Following the transaction, the director directly owned 7,968,167 shares in the company, valued at approximately $280,798,205.08. This trade represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Lillie sold 95,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $35.23, for a total transaction of $3,346,850.00. Following the completion of the sale, the director owned 7,348,101 shares of the company's stock, valued at approximately $258,873,598.23. The trade was a 1.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,789,843 shares of company stock valued at $62,262,672. Company insiders own 17.00% of the company's stock.

Hedge Funds Weigh In On APi Group

Several hedge funds have recently modified their holdings of the company. Signaturefd LLC increased its position in shares of APi Group by 6.7% during the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company's stock valued at $145,000 after purchasing an additional 256 shares during the last quarter. Amalgamated Bank raised its position in APi Group by 2.3% in the first quarter. Amalgamated Bank now owns 12,253 shares of the company's stock worth $438,000 after acquiring an additional 279 shares during the period. PNC Financial Services Group Inc. grew its position in shares of APi Group by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company's stock valued at $194,000 after acquiring an additional 303 shares during the period. Cresset Asset Management LLC raised its holdings in shares of APi Group by 3.6% in the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock worth $382,000 after purchasing an additional 374 shares during the period. Finally, State of Wyoming lifted its stake in APi Group by 10.7% in the first quarter. State of Wyoming now owns 4,106 shares of the company's stock valued at $147,000 after purchasing an additional 397 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.