APi Group (NYSE:APG) Reaches New 1-Year High at $39.95

Shares of APi Group Co. (NYSE:APG) reached a new 52-week high on Thursday . The stock traded as high as $39.95 and last traded at $39.91, with a volume of 203082 shares traded. The stock had previously closed at $39.54.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group increased their price target on shares of APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. upped their price objective on APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Citigroup raised their price objective on APi Group from $36.00 to $43.00 and gave the company a “buy” rating in a report on Monday, March 4th. Barclays upped their target price on APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, Jefferies Financial Group began coverage on shares of APi Group in a research note on Friday, March 15th. They set a “buy” rating and a $48.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and a consensus price target of $40.43.

APi Group Stock Performance

The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.35. The business’s 50-day simple moving average is $35.60 and its 200-day simple moving average is $31.26.

APi Group (NYSE:APG) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. APi Group had a return on equity of 20.24% and a net margin of 2.21%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter last year, the business posted $0.36 EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, equities analysts predict that APi Group Co. will post 1.86 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Kevin Krumm sold 5,585 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now owns 34,180 shares in the company, valued at $1,220,909.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director James E. Lillie sold 125,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the sale, the director now owns 5,455,411 shares in the company, valued at approximately $209,378,674.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the completion of the sale, the chief financial officer now directly owns 34,180 shares in the company, valued at $1,220,909.60. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Institutional Trading of APi Group

Hedge funds have recently made changes to their positions in the stock. HighPoint Advisor Group LLC purchased a new stake in shares of APi Group during the fourth quarter valued at approximately $580,000. PNC Financial Services Group Inc. increased its holdings in shares of APi Group by 51.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 34,953 shares of the company’s stock worth $1,209,000 after purchasing an additional 11,878 shares in the last quarter. Vanguard Group Inc. raised its position in APi Group by 10.2% in the 4th quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock worth $719,349,000 after buying an additional 1,930,059 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in APi Group during the 4th quarter valued at about $159,751,000. Finally, Oarsman Capital Inc. purchased a new stake in shares of APi Group during the 4th quarter valued at about $416,000. 86.62% of the stock is owned by 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.