APi Group (NYSE:APG) Hits New 1-Year High - Still a Buy?

APi Group Corporation (NYSE:APG - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $35.20 and last traded at $34.77, with a volume of 4665273 shares traded. The stock had previously closed at $34.68.

Analysts Set New Price Targets

APG has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of APi Group from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $31.00 to $42.00 in a report on Tuesday, July 15th. Robert W. Baird raised their price objective on shares of APi Group from $31.33 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of APi Group from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Truist Financial lifted their price objective on APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $34.67 price objective on shares of APi Group in a research report on Friday, June 27th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, APi Group has an average rating of "Buy" and a consensus price target of $35.81.

APi Group Price Performance

The company has a quick ratio of 1.38, a current ratio of 1.47 and a debt-to-equity ratio of 0.92. The company has a market cap of $14.55 billion, a PE ratio of 114.26 and a beta of 1.58. The firm has a 50 day simple moving average of $32.54 and a 200-day simple moving average of $27.56.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. APi Group had a return on equity of 20.99% and a net margin of 3.36%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. As a group, research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ian G. H. Ashken sold 225,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $28.48, for a total transaction of $6,408,000.00. Following the completion of the sale, the director directly owned 8,418,153 shares of the company's stock, valued at $239,748,997.44. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 17.00% of the company's stock.

Institutional Investors Weigh In On APi Group

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of APi Group by 6.7% in the 1st quarter. Signaturefd LLC now owns 4,067 shares of the company's stock valued at $145,000 after buying an additional 256 shares in the last quarter. Amalgamated Bank increased its holdings in shares of APi Group by 2.3% during the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company's stock worth $438,000 after acquiring an additional 279 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in APi Group by 5.9% in 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 APi Group by 3.6% in the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company's stock valued at $382,000 after acquiring an additional 374 shares during the period. Finally, EntryPoint Capital LLC increased its holdings in shares of APi Group by 3.9% during the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock worth $375,000 after purchasing an additional 389 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

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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