APi Group Corporation (NYSE:APG) Given Average Rating of “Moderate Buy” by Brokerages

APi Group Corporation (NYSE:APG) has been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $38.8095.

APG has been the subject of a number of recent research reports. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Citigroup reissued a “buy” rating and set a $45.00 target price (up previously from $43.00) on shares of APi Group in a report on Monday, December 8th. Weiss Ratings restated a “hold (c)” rating on shares of APi Group in a research report on Monday, December 8th. Finally, Barclays increased their price target on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd.

Insiders Place Their Bets

In related news, Director Martin E. Franklin sold 340,000 shares of APi Group stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the completion of the transaction, the director directly owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 900,000 shares of company stock worth $32,342,000 in the last three months. 17.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On APi Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of APi Group by 165.4% in the 3rd quarter. Allworth Financial LP now owns 1,298 shares of the company’s stock valued at $45,000 after purchasing an additional 809 shares during the period. Swiss Life Asset Management Ltd increased its holdings in APi Group by 180.8% in the third quarter. Swiss Life Asset Management Ltd now owns 15,044 shares of the company’s stock valued at $517,000 after buying an additional 9,687 shares in the last quarter. Oarsman Capital Inc. raised its position in shares of APi Group by 50.0% in the third quarter. Oarsman Capital Inc. now owns 18,021 shares of the company’s stock worth $619,000 after acquiring an additional 6,007 shares during the period. Centaurus Financial Inc. boosted its stake in shares of APi Group by 37.2% during the 3rd quarter. Centaurus Financial Inc. now owns 146,760 shares of the company’s stock worth $5,044,000 after acquiring an additional 39,824 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in shares of APi Group by 113.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 11,748 shares of the company’s stock valued at $404,000 after acquiring an additional 6,232 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

Shares of APG opened at $39.63 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The stock has a 50-day moving average of $36.68 and a two-hundred day moving average of $35.14. The stock has a market cap of $16.48 billion, a P/E ratio of 108.09 and a beta of 1.72. APi Group has a one year low of $20.50 and a one year high of $40.58.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. As a group, research analysts predict that APi Group will post 1.83 EPS for the current year.

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.