APi Group Co. (NYSE:APG - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $48.96 and last traded at $48.80, with a volume of 162515 shares. The stock had previously closed at $47.85.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Truist Financial boosted 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. UBS Group upped their price target on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Barclays lifted their price objective on APi Group from $48.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Royal Bank of Canada set a $52.00 price objective on APi Group in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their target price on APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $50.57.
Read Our Latest Report on APi Group
APi Group Stock Performance
The firm has a market cap of $13.46 billion, a P/E ratio of -24.68 and a beta of 1.58. The stock's 50 day moving average is $42.13 and its two-hundred day moving average is $38.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.
Shares of APi Group are scheduled to split on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly issued shares will be issued to shareholders after the market closes on Monday, June 30th.
APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. As a group, equities analysts predict that APi Group Co. 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 150,000 shares of the business'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 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. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 17.00% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in APG. SVB Wealth LLC acquired a new stake in APi Group in the first quarter worth $38,000. First Horizon Advisors Inc. boosted its holdings in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after buying an additional 414 shares during the last quarter. GAMMA Investing LLC increased its holdings in APi Group by 105.5% during the first quarter. GAMMA Investing LLC now owns 1,529 shares of the company's stock worth $55,000 after buying an additional 785 shares during the last quarter. Versant Capital Management Inc lifted its stake in APi Group by 339.0% in the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock valued at $58,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in APi Group by 28.1% in the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock valued at $94,000 after purchasing an additional 573 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.
APi Group Company Profile
(
Get Free Report)
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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