APi Group (NYSE:APG) Sets New 12-Month High - Still a Buy?

Key Points

• Stock hit a new 52-week high — APi Group reached $49.45 intraday (last ~$48.95) on heavy volume, with a market cap of $21.17B and a negative P/E of -64.69; its 50- and 200-day moving averages are $43.29 and $40.39, respectively.
• Analysts remain mostly constructive — one Strong Buy, seven Buy and two Hold ratings give a consensus "Moderate Buy" and a consensus price target of $48.57, with recent price-target raises from UBS, Citi, RBC and Barclays.
• Earnings beat but significant insider selling — the company reported $0.44 EPS vs. $0.40 expected and revenue of $2.12B (up 13.8% YoY), while Director Martin E. Franklin sold 3,000,000 shares (~$122.6M) and insiders sold 3.682M shares in the past 90 days.

APi Group Corporation (NYSE:APG - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $49.45 and last traded at $48.9470, with a volume of 2228458 shares trading hands. The stock had previously closed at $48.51.

Analyst Ratings Changes

Several research firms have commented on APG. Wall Street Zen downgraded shares of APi Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 18th. UBS Group lifted their price objective on shares of APi Group from $49.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. Citigroup upped their price objective on shares of APi Group from $49.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Royal Bank Of Canada increased their target price on shares of APi Group from $45.00 to $53.00 and gave the stock an "outperform" rating in a research report on Thursday, February 26th. Finally, Barclays raised their target price on APi Group from $44.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $48.57.

APi Group Stock Up 0.9%

The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of -64.69, a price-to-earnings-growth ratio of 2.90 and a beta of 1.68. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.43 and a current ratio of 1.50. The business's 50 day moving average is $43.29 and its 200-day moving average is $40.39.

APi Group (NYSE:APG - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.09 billion. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The business's revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. Equities analysts anticipate that APi Group Corporation will post 1.67 EPS for the current fiscal year.

Insider Activity at APi Group

In other APi Group news, Director Martin E. Franklin sold 3,000,000 shares of APi Group stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $40.88, for a total value of $122,640,000.00. Following the transaction, the director directly owned 21,240,426 shares of the company's stock, valued at $868,308,614.88. The trade was a 12.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James E. Lillie sold 83,629 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $42.94, for a total value of $3,591,029.26. Following the transaction, the director owned 9,522,350 shares of the company's stock, valued at approximately $408,889,709. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,682,000 shares of company stock worth $152,333,385 in the last 90 days. 18.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On APi Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System boosted its holdings in APi Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 98,581 shares of the company's stock valued at $3,772,000 after purchasing an additional 277 shares during the period. Triad Wealth Partners LLC increased its holdings in shares of APi Group by 2.8% during the 1st quarter. Triad Wealth Partners LLC now owns 10,247 shares of the company's stock worth $415,000 after purchasing an additional 283 shares during the period. Silicon Valley Capital Partners raised its position in shares of APi Group by 50.0% during the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company's stock valued at $29,000 after buying an additional 286 shares during the last quarter. Parallel Advisors LLC raised its position in shares of APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company's stock valued at $29,000 after buying an additional 297 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in shares of APi Group by 0.3% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 103,073 shares of the company's stock valued at $3,944,000 after buying an additional 303 shares during the period. Institutional investors own 86.62% of the company's stock.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.

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