APi Group (NYSE:APG) Shares Gap Down to $39.11

APi Group Co. (NYSE:APG - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $39.11, but opened at $36.90. APi Group shares last traded at $36.96, with a volume of 7,036,711 shares.

Analyst Ratings Changes

APG has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of APi Group from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, March 6th. Citigroup raised their price target on shares of APi Group from $43.00 to $47.00 and gave the stock a "buy" rating in a report on Monday, April 8th. TheStreet cut shares of APi Group from a "b" rating to a "c+" rating in a report on Wednesday, February 28th. Royal Bank of Canada increased their price target on APi Group from $36.00 to $45.00 and gave the company a "sector perform" rating in a research report on Monday, April 8th. Finally, UBS Group increased their price target on shares of APi Group from $40.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, APi Group currently has an average rating of "Moderate Buy" and an average price target of $44.29.

APi Group Price Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43. The stock's 50 day simple moving average is $37.47 and its two-hundred day simple moving average is $32.57. The firm has a market capitalization of $9.68 billion, a PE ratio of -51.46, a price-to-earnings-growth ratio of 1.19 and a beta of 1.64.

APi Group (NYSE:APG - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the firm earned $0.36 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. On average, sell-side analysts forecast that APi Group Co. will post 1.85 EPS for the current year.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 125,000 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the completion of the transaction, the director now owns 5,455,411 shares in the company, valued at $209,378,674.18. The sale was disclosed in a document filed with the SEC, which is available at this link. In other APi Group news, Director James E. Lillie sold 125,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares of the company's stock, valued at $209,378,674.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Krumm sold 5,585 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the sale, the chief financial officer now owns 34,180 shares of the company's stock, valued at $1,220,909.60. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company's stock.

Institutional Investors Weigh In On APi Group

A number of hedge funds and other institutional investors have recently modified their holdings of APG. Viking Global Investors LP raised its holdings in APi Group by 0.3% during the fourth quarter. Viking Global Investors LP now owns 34,302,815 shares of the company's stock worth $1,186,877,000 after purchasing an additional 103,283 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of APi Group by 10.2% in the fourth quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company's stock valued at $719,349,000 after buying an additional 1,930,059 shares during the period. BlackRock Inc. boosted its stake in APi Group by 4.1% during the first quarter. BlackRock Inc. now owns 15,083,919 shares of the company's stock valued at $339,087,000 after buying an additional 593,023 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of APi Group during the 4th quarter valued at about $159,751,000. Finally, State Street Corp grew its position in APi Group by 4.9% in the first quarter. State Street Corp now owns 4,343,571 shares of the company's stock worth $97,643,000 after buying an additional 201,805 shares during the last quarter. 86.62% of the stock is currently owned by 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.