APi Group (NYSE:APG) Sets New 12-Month High Following Analyst Upgrade

APi Group Co. (NYSE:APG - Get Free Report) shares reached a new 52-week high on Tuesday after Barclays raised their price target on the stock from $43.00 to $48.00. Barclays currently has an overweight rating on the stock. APi Group traded as high as $42.95 and last traded at $42.83, with a volume of 4722026 shares trading hands. The stock had previously closed at $42.32.

Several other research firms also recently issued reports on APG. UBS Group dropped their target price on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Robert W. Baird raised their target price on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research report on Tuesday, January 14th. Citigroup reduced their price objective on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Truist Financial reaffirmed a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.86.

Insider Activity

In other APi Group news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $42.72, for a total value of $6,408,000.00. Following the transaction, the director now owns 5,612,102 shares of the company's stock, valued at approximately $239,748,997.44. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 17.00% of the company's stock.

Hedge Funds Weigh In On APi Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of APi Group by 1.6% during the 3rd quarter. Barclays PLC now owns 364,281 shares of the company's stock worth $12,026,000 after acquiring an additional 5,701 shares during the period. ORG Wealth Partners LLC purchased a new stake in APi Group in the fourth quarter worth $34,000. Park Avenue Securities LLC grew its stake in APi Group by 48.0% in the fourth quarter. Park Avenue Securities LLC now owns 12,777 shares of the company's stock worth $460,000 after purchasing an additional 4,144 shares during the period. SG Americas Securities LLC lifted its position in APi Group by 325.6% during the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock valued at $764,000 after buying an additional 16,242 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after buying an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock's 50-day moving average price is $36.69 and its two-hundred day moving average price is $36.98. The stock has a market capitalization of $12.21 billion, a PE ratio of -22.39 and a beta of 1.54.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. As a group, analysts expect that APi Group Co. will post 1.83 EPS for the current fiscal year.

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.