APi Group (NYSE:APG) Hits New 1-Year High - Time to Buy?

APi Group Co. (NYSE:APG - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $48.26 and last traded at $48.25, with a volume of 673742 shares traded. The stock had previously closed at $47.50.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank of Canada set a $52.00 target price on APi Group in a report on Thursday, May 22nd. Barclays increased their target price on APi Group from $48.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. UBS Group increased their target price on APi Group from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Robert W. Baird increased their target price on APi Group from $47.00 to $51.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their price objective on APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.57.

APi Group Trading Up 1.8%

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 firm has a 50 day simple moving average of $40.69 and a two-hundred day simple moving average of $38.61. The firm has a market capitalization of $13.50 billion, a P/E ratio of -24.75 and a beta of 1.58.

APi Group's stock is scheduled to split on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly created shares will be payable to shareholders after the market closes on Monday, June 30th.

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

Insider Activity

In other news, Director Ian G. H. Ashken sold 150,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the completion of the sale, the director now directly owns 5,612,102 shares of the company's stock, valued at $239,748,997.44. This trade represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 17.00% of the company's stock.

Institutional Investors Weigh In On APi Group

Large investors have recently made changes to their positions in the business. Strategic Financial Concepts LLC increased its position in shares of APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after purchasing an additional 217,071 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in APi Group by 24.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock worth $3,236,000 after acquiring an additional 17,404 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in APi Group in the 4th quarter valued at about $511,000. Captrust Financial Advisors lifted its holdings in APi Group by 50.0% during the fourth quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock valued at $522,000 after purchasing an additional 4,839 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in APi Group by 9.3% during the fourth 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. 86.62% of the stock is owned by hedge funds and other institutional investors.

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.