APi Group (NYSE:APG) Now Covered by Analysts at Truist Financial

Truist Financial assumed coverage on shares of APi Group (NYSE:APG) in a research note published on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $45.00 price target on the stock.

Several other equities analysts also recently weighed in on APG. William Blair reiterated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Citigroup lowered their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays increased their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Tuesday, January 14th. Finally, Robert W. Baird upped their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.38.

APi Group Trading Down 0.3 %

APi Group stock opened at $38.24 on Wednesday. APi Group has a 52-week low of $31.44 and a 52-week high of $40.89. The company has a market cap of $10.51 billion, a P/E ratio of -19.41 and a beta of 1.55. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $37.11 and a two-hundred day simple moving average of $35.57.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts predict that APi Group will post 1.83 EPS for the current year.

Insider Activity

In other news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares in the company, valued at $41,958,802.30. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. purchased a new stake in APi Group during the third quarter valued at $26,000. Blue Trust Inc. increased its holdings in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in shares of APi Group during the 3rd quarter valued at about $33,000. ORG Wealth Partners LLC bought a new position in shares of APi Group in the 4th quarter valued at about $34,000. Finally, SG Americas Securities LLC purchased a new position in APi Group in the third quarter worth about $165,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

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.