APi Group Co. (NYSE:APG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of APi Group Co. (NYSE:APG) have been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $43.43.

A number of research firms recently commented on APG. Robert W. Baird increased their price objective on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Truist Financial restated a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Tuesday, January 14th. UBS Group lowered their price target on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th.

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was 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 directly owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 18.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in APG. Capital Research Global Investors lifted its holdings in shares of APi Group by 118.2% during the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock valued at $393,774,000 after acquiring an additional 5,931,314 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of APi Group during the fourth quarter valued at $125,407,000. Durable Capital Partners LP lifted its holdings in shares of APi Group by 199.8% during the fourth quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company’s stock valued at $180,121,000 after acquiring an additional 3,337,468 shares during the period. Norges Bank bought a new position in shares of APi Group during the fourth quarter valued at $98,028,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of APi Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company’s stock valued at $562,120,000 after acquiring an additional 2,602,758 shares during the period. 86.62% of the stock is owned by institutional investors.

APi Group Trading Up 1.9 %

NYSE:APG opened at $37.81 on Friday. The stock’s 50 day moving average price is $37.74 and its 200 day moving average price is $36.20. APi Group has a 52 week low of $31.44 and a 52 week high of $41.31. The company has a market capitalization of $10.49 billion, a P/E ratio of -19.19 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

About APi Group

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.