APi Group (NYSE:APG) Lowered to "Hold" Rating by Wall Street Zen

Wall Street Zen downgraded shares of APi Group (NYSE:APG - Free Report) from a buy rating to a hold rating in a research report released on Saturday morning.

Several other research analysts also recently issued reports on APG. Barclays upped their target price on shares of APi Group from $32.00 to $36.67 and gave the stock an "overweight" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. started coverage on shares of APi Group in a research note on Tuesday, June 24th. They issued a "neutral" rating and a $30.67 target price on the stock. Royal Bank Of Canada restated an "outperform" rating and set a $34.67 price objective on shares of APi Group in a research report on Friday, June 27th. UBS Group increased their price objective on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Truist Financial increased their price objective on shares of APi Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, APi Group has a consensus rating of "Moderate Buy" and an average target price of $33.71.

APi Group Stock Up 0.1%

APG traded up $0.02 during midday trading on Friday, reaching $34.31. The company's stock had a trading volume of 2,549,437 shares, compared to its average volume of 2,702,324. The firm has a market capitalization of $14.25 billion, a price-to-earnings ratio of 111.88 and a beta of 1.58. The company has a current ratio of 1.47, a quick ratio of 1.38 and a debt-to-equity ratio of 0.92. APi Group has a 1 year low of $20.50 and a 1 year high of $35.17. The stock's 50-day moving average is $31.49 and its 200-day moving average is $26.96.

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

Insiders Place Their Bets

In other APi Group news, Director Ian G. H. Ashken sold 225,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $28.48, for a total value of $6,408,000.00. Following the transaction, the director directly owned 8,418,153 shares in the company, valued at approximately $239,748,997.44. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. raised its position in APi Group by 8.9% in the second quarter. NBC Securities Inc. now owns 15,554 shares of the company's stock worth $794,000 after acquiring an additional 1,266 shares during the period. Goldman Sachs Group Inc. raised its position in shares of APi Group by 73.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock valued at $6,369,000 after purchasing an additional 75,490 shares during the period. Voya Investment Management LLC raised its position in shares of APi Group by 4.6% during the 1st quarter. Voya Investment Management LLC now owns 28,883 shares of the company's stock valued at $1,033,000 after purchasing an additional 1,261 shares during the period. Rhumbline Advisers raised its position in shares of APi Group by 0.4% during the 1st quarter. Rhumbline Advisers now owns 220,997 shares of the company's stock valued at $7,903,000 after purchasing an additional 920 shares during the period. Finally, Strs Ohio bought a new stake in shares of APi Group during the 1st quarter valued at $11,877,000. 86.62% of the stock is currently owned by institutional investors.

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.