APi Group (NYSE:APG) Shares Break Above 50-Day Moving Average - Time to Sell?

Key Points

• APi Group shares rose above their 50-day moving average, reaching $40.56 and last trading near $40.29, though they remained below the 200-day average of $41.90.
• Analysts maintained a generally positive outlook, with an average rating of “Buy” and a consensus price target of $52.71, well above the recent trading price.
• The company exceeded quarterly expectations, reporting $0.44 in adjusted earnings per share and $2.25 billion in revenue, up 13.3% year over year; however, insiders sold 660,000 shares worth $26.4 million over the past 90 days.

APi Group Corporation (NYSE:APG - Get Free Report) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $39.72 and traded as high as $40.56. APi Group shares last traded at $40.2930, with a volume of 2,360,535 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on APG shares. Wells Fargo & Company started coverage on APi Group in a research note on Tuesday, August 4th. They issued an "overweight" rating and a $53.00 target price on the stock. Robert W. Baird set a $47.00 price objective on shares of APi Group in a report on Friday, July 31st. Wall Street Zen cut shares of APi Group from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. UBS Group set a $52.00 price objective on shares of APi Group in a research report on Monday, July 20th. Finally, Citigroup reissued a "buy" rating and set a $55.00 target price (up from $54.00) on shares of APi Group in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, APi Group currently has an average rating of "Buy" and a consensus price target of $52.71.

APi Group Trading Up 2.1%

The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of -60.14, a PEG ratio of 1.77 and a beta of 1.57. The firm has a 50-day moving average of $39.72 and a 200 day moving average of $41.90.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, July 30th. 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 return on equity of 37.59% and a net margin of 3.99%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts predict that APi Group Corporation will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling

In other APi Group news, Director James Lillie sold 285,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $39.84, for a total value of $11,354,400.00. Following the completion of the sale, the director directly owned 8,952,350 shares in the company, valued at $356,661,624. This represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Ashken sold 85,072 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $40.36, for a total value of $3,433,505.92. Following the transaction, the director directly owned 9,177,284 shares of the company's stock, valued at approximately $370,395,182.24. The trade was a 0.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 660,000 shares of company stock valued at $26,353,682 over the last 90 days. 18.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of APG. Janus Henderson Group PLC raised its position in APi Group by 1.1% in the first quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company's stock worth $946,846,000 after acquiring an additional 250,873 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in APi Group by 50.5% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 4,652,145 shares of the company's stock valued at $183,537,000 after acquiring an additional 1,561,990 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of APi Group during the 2nd quarter valued at about $93,030,000. Cooke & Bieler LP boosted its position in shares of APi Group by 13.6% during the 3rd quarter. Cooke & Bieler LP now owns 2,030,753 shares of the company's stock valued at $78,387,000 after purchasing an additional 243,225 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in APi Group by 0.4% during the first quarter. Sei Investments Co. now owns 1,046,852 shares of the company's stock worth $42,419,000 after buying an additional 3,999 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Company Profile

APi Group Corporation NYSE: APG is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group's offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.

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