APi Group Co. (NYSE:APG - Free Report) shares are set to split on the morning of Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly minted shares will be issued to shareholders after the market closes on Monday, June 30th.
APi Group Price Performance
APG stock opened at $47.79 on Friday. APi Group has a 12-month low of $30.76 and a 12-month high of $48.96. The stock has a 50-day moving average price of $42.13 and a two-hundred day moving average price of $38.97. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company has a market cap of $13.23 billion, a PE ratio of -24.26 and a beta of 1.58.
APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.37 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 analysts' expectations of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. As a group, research analysts predict that APi Group will post 1.83 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on APi Group from $47.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Truist Financial lifted their price objective on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. UBS Group raised their target price on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Citigroup dropped their price objective on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Royal Bank of Canada set a $52.00 price target on APi Group in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $50.57.
Check Out Our Latest Stock Analysis on APG
Insider Transactions at APi Group
In related news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction 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 transaction, the director now 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 17.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On APi Group
Institutional investors have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its position 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 purchasing an additional 17,404 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in APi Group in the 4th quarter worth about $511,000. Captrust Financial Advisors grew its position in APi Group by 50.0% in the 4th quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock worth $522,000 after purchasing an additional 4,839 shares in the last quarter. Victory Capital Management Inc. grew its position in APi Group by 9.3% in the 4th quarter. Victory Capital Management Inc. now owns 162,538 shares of the company's stock worth $5,846,000 after purchasing an additional 13,780 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in APi Group in the 4th quarter worth about $7,427,000. 86.62% of the stock is owned by institutional investors.
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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