APi Group (NYSE:APG) Given New $51.00 Price Target at Robert W. Baird

APi Group (NYSE:APG - Get Free Report) had its target price lifted by Robert W. Baird from $47.00 to $51.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective points to a potential upside of 8.84% from the company's previous close.

Several other equities analysts have also recently weighed in on the company. Truist Financial lifted their price target on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Citigroup lowered their price target on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, April 14th. UBS Group boosted their price objective on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, Barclays upped their target price on shares of APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.57.

APi Group Stock Performance

NYSE APG traded up $1.25 during trading on Thursday, hitting $46.86. 761,363 shares of the company's stock traded hands, compared to its average volume of 1,696,240. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of -23.79 and a beta of 1.54. APi Group has a 12-month low of $30.76 and a 12-month high of $48.08. The business has a 50 day moving average of $38.82 and a 200-day moving average of $37.93.

APi Group shares are scheduled to split before the market opens on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly issued shares will be distributed to shareholders after the market closes on Monday, June 30th.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm earned $0.34 EPS. APi Group's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the transaction, the director now owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. The trade was a 4.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction on Monday, May 5th. The stock was 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 directly owns 5,612,102 shares in the company, valued at $239,748,997.44. The trade was a 2.60% decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is owned by insiders.

Institutional Trading of APi Group

Hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth increased its stake in APi Group by 19.2% in the first quarter. Focus Partners Wealth now owns 254,781 shares of the company's stock valued at $9,111,000 after acquiring an additional 41,044 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of APi Group by 114.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,802,773 shares of the company's stock worth $100,227,000 after purchasing an additional 1,495,268 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of APi Group by 73.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock valued at $6,369,000 after purchasing an additional 75,490 shares during the last quarter. Select Equity Group L.P. raised its holdings in shares of APi Group by 36.9% during the 1st quarter. Select Equity Group L.P. now owns 4,521,352 shares of the company's stock valued at $161,684,000 after buying an additional 1,217,554 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of APi Group during the 1st quarter valued at about $14,276,000. 86.62% of the stock is 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.