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

APi Group (NYSE:APG - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Several other brokerages have also recently issued reports on APG. Royal Bank Of Canada restated an "outperform" rating and issued a $34.67 target price on shares of APi Group in a report on Friday, June 27th. JPMorgan Chase & Co. initiated coverage on APi Group in a research report on Tuesday, June 24th. They issued a "neutral" rating and a $30.67 price objective for the company. Barclays boosted their price objective on shares of APi Group from $32.00 to $36.67 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Citigroup decreased their target price on shares of APi Group from $30.67 to $28.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, UBS Group upped their price objective on APi Group from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, APi Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.71.

APi Group Stock Up 2.8%

Shares of NYSE:APG opened at $34.50 on Friday. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 112.50 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 12-month low of $20.50 and a 12-month high of $34.63. The business has a 50-day moving average price of $31.12 and a 200 day moving average price of $26.81.

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 (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. APi Group had a return on equity of 20.99% and a net margin of 3.36%. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same period last year, the firm earned $0.23 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts expect that APi Group will post 1.83 EPS for the current year.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 225,000 shares of the business's stock in a transaction dated 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 transaction, the director owned 8,418,153 shares of the company's stock, valued at approximately $239,748,997.44. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed 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 and hedge funds have recently made changes to their positions in APG. Proficio Capital Partners LLC acquired a new position in shares of APi Group in the 4th quarter worth approximately $511,000. Captrust Financial Advisors increased its position in APi Group by 50.0% during the fourth quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock worth $522,000 after buying an additional 4,839 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in APi Group by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 162,538 shares of the company's stock valued at $5,846,000 after purchasing an additional 13,780 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in APi Group during the fourth quarter worth approximately $7,427,000. Finally, Charles Schwab Investment Management Inc. increased its position in APi Group by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,839,486 shares of the company's stock worth $66,166,000 after buying an additional 35,778 shares during the period. 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.

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