APi Group’s (APG) Sector Perform Rating Reaffirmed at Royal Bank of Canada

APi Group (NYSE:APG)‘s stock had its “sector perform” rating reaffirmed by research analysts at Royal Bank of Canada in a research report issued on Friday, Benzinga reports. They currently have a $45.00 price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 27.70% from the stock’s current price.

Several other research firms also recently weighed in on APG. JPMorgan Chase & Co. decreased their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays lowered their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Robert W. Baird lowered their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average price target of $43.86.

APi Group Trading Up 3.2 %

NYSE APG traded up $1.10 during trading on Friday, hitting $35.24. The stock had a trading volume of 600,194 shares, compared to its average volume of 1,714,603. The stock has a 50 day simple moving average of $33.77 and a 200 day simple moving average of $35.73. APi Group has a one year low of $25.51 and a one year high of $39.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of -17.19 and a beta of 1.55.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $0.48 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts predict that APi Group will post 1.86 earnings per share for the current year.

Insider Activity

In related news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the transaction, the senior vice president now directly owns 2,421 shares in the company, valued at $87,252.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.03, for a total value of $4,954,500.00. Following the completion of the transaction, the director now owns 5,678,779 shares of the company’s stock, valued at approximately $187,570,070.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the sale, the senior vice president now directly owns 2,421 shares in the company, valued at $87,252.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,358 shares of company stock worth $11,653,157. Insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On APi Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APG. Cetera Advisors LLC increased its holdings in shares of APi Group by 1.1% in the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock valued at $1,070,000 after purchasing an additional 287 shares during the period. Commonwealth Equity Services LLC increased its holdings in APi Group by 0.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock worth $4,091,000 after buying an additional 323 shares during the period. O Shaughnessy Asset Management LLC raised its position in APi Group by 4.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after buying an additional 333 shares during the last quarter. J.Safra Asset Management Corp lifted its stake 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 valued at $79,000 after acquiring an additional 373 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of APi Group by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock valued at $755,000 after acquiring an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.