APi Group (NYSE:APG) Sets New 12-Month Low – Here’s What Happened

APi Group Co. (NYSE:APG) hit a new 52-week low on Friday . The stock traded as low as $31.40 and last traded at $32.26, with a volume of 435545 shares traded. The stock had previously closed at $33.91.

Analyst Ratings Changes

Several equities analysts have recently issued reports on APG shares. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Tuesday, January 14th. Barclays reduced their target price on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Robert W. Baird lifted their price target on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, UBS Group reduced their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.29.

APi Group Stock Down 4.1 %

The firm has a market cap of $9.03 billion, a price-to-earnings ratio of -16.39 and a beta of 1.55. The stock’s 50 day moving average is $37.60 and its 200 day moving average is $36.40. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the company’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 sale, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 18.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of APG. Blue Trust Inc. boosted its position in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in APi Group during the 4th quarter worth about $34,000. First Horizon Advisors Inc. lifted its stake in APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after buying an additional 414 shares in the last quarter. Versant Capital Management Inc lifted its stake in APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company’s stock valued at $58,000 after buying an additional 1,261 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after buying an additional 217,071 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

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.