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

APi Group Corporation (NYSE:APG) has received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $52.1429.

A number of equities research analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Barclays reaffirmed an “overweight” rating and issued a $54.00 price objective (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a research note on Tuesday, May 26th. Citigroup reaffirmed a “buy” rating and issued a $53.00 price objective (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. Finally, Royal Bank Of Canada upped their price objective on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th.

APi Group Price Performance

Shares of APi Group stock opened at $42.06 on Monday. APi Group has a 52-week low of $31.40 and a 52-week high of $49.99. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of -59.23, a price-to-earnings-growth ratio of 2.47 and a beta of 1.60. The company has a fifty day moving average of $43.78 and a 200-day moving average of $42.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.36 and a current ratio of 1.44.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s revenue was up 15.3% on a year-over-year basis. Equities research analysts expect that APi Group will post 1.7 EPS for the current year.

Insider Activity at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 65,534 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.49, for a total value of $2,981,141.66. Following the completion of the transaction, the director directly owned 9,477,284 shares in the company, valued at approximately $431,121,649.16. This represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 3,000,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the completion of the transaction, the director owned 21,240,426 shares of the company’s stock, valued at $868,308,614.88. This trade represents a 12.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,444,000 shares of company stock worth $187,377,645 in the last three months. 18.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of APi Group by 49.6% in the 3rd quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock worth $1,207,719,000 after acquiring an additional 11,644,990 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of APi Group by 1.1% in the 1st 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. Durable Capital Partners LP increased its stake in shares of APi Group by 40.2% in the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock worth $512,050,000 after acquiring an additional 4,274,610 shares in the last quarter. Viking Global Investors LP increased its stake in shares of APi Group by 6.7% in the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock worth $422,967,000 after acquiring an additional 768,759 shares in the last quarter. Finally, State Street Corp increased its stake in shares of APi Group by 0.8% in the 4th quarter. State Street Corp now owns 10,863,164 shares of the company’s stock worth $415,625,000 after acquiring an additional 91,388 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

About APi Group

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.