APi Group (NYSE:APG) Given Outperform Rating at William Blair

William Blair reaffirmed their outperform rating on shares of APi Group (NYSE:APG) in a research report released on Thursday, Marketbeat reports.

Several other equities research analysts also recently issued reports on APG. Robert W. Baird raised their price target on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. Finally, Barclays raised their price target on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and an average target price of $43.71.

APi Group Trading Up 0.5 %

Shares of NYSE:APG opened at $38.71 on Thursday. The stock has a market capitalization of $10.64 billion, a PE ratio of -19.65 and a beta of 1.55. APi Group has a 1 year low of $30.15 and a 1 year high of $40.89. The firm has a fifty day moving average price of $35.01 and a 200 day moving average price of $35.60. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. APi Group’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. Analysts expect that APi Group will post 1.86 EPS for the current fiscal year.

Insider Activity at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were 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 Securities & Exchange Commission, which is available at this link. Also, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the transaction, the director now owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Comerica Bank increased its holdings in shares of APi Group by 109.8% in the first quarter. Comerica Bank now owns 5,641 shares of the company’s stock valued at $222,000 after purchasing an additional 2,952 shares in the last quarter. Cetera Advisors LLC grew its holdings in APi Group by 1.1% during the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock worth $1,070,000 after acquiring an additional 287 shares during the period. MJP Associates Inc. ADV grew its holdings in APi Group by 13.4% during the 2nd quarter. MJP Associates Inc. ADV now owns 29,526 shares of the company’s stock worth $1,111,000 after acquiring an additional 3,492 shares during the period. Artemis Investment Management LLP grew its holdings in APi Group by 65.8% during the 2nd quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company’s stock worth $95,707,000 after acquiring an additional 1,009,328 shares during the period. Finally, J.Safra Asset Management Corp grew its holdings in APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after acquiring an additional 373 shares during the period. Institutional investors own 86.62% of the company’s stock.

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.