APi Group (NYSE:APG) Shares Gap Down to $39.11

Shares of APi Group Co. (NYSE:APG) gapped down before the market opened on Wednesday . The stock had previously closed at $39.11, but opened at $36.90. APi Group shares last traded at $36.96, with a volume of 7,036,711 shares changing hands.

Analyst Ratings Changes

APG has been the topic of a number of research reports. Citigroup boosted their target price on shares of APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a report on Monday, April 8th. Robert W. Baird upped their price target on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday. Jefferies Financial Group began coverage on shares of APi Group in a research report on Friday, March 15th. They set a “buy” rating and a $48.00 price target for the company. TheStreet lowered shares of APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Finally, Barclays increased their price objective on shares of APi Group from $37.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.29.

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 firm has a market cap of $9.68 billion, a price-to-earnings ratio of -48.53, a P/E/G ratio of 1.10 and a beta of 1.64. The firm has a fifty day simple moving average of $37.58 and a two-hundred day simple moving average of $32.63.

APi Group (NYSE:APG) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.76 billion. APi Group had a return on equity of 20.24% and a net margin of 2.21%. APi Group’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. On average, analysts expect that APi Group Co. will post 1.87 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On APi Group

Several large investors have recently modified their holdings of the stock. Jag Capital Management LLC grew its holdings in APi Group by 3.3% in the fourth quarter. Jag Capital Management LLC now owns 9,521 shares of the company’s stock valued at $329,000 after purchasing an additional 301 shares during the last quarter. Xponance Inc. lifted its position in APi Group by 2.9% during the fourth quarter. Xponance Inc. now owns 12,738 shares of the company’s stock worth $441,000 after buying an additional 365 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock worth $44,000 after purchasing an additional 390 shares during the period. New York State Common Retirement Fund raised its holdings in shares of APi Group by 0.3% in the 4th quarter. New York State Common Retirement Fund now owns 141,734 shares of the company’s stock worth $4,904,000 after purchasing an additional 466 shares during the period. Finally, Ensign Peak Advisors Inc raised its holdings in shares of APi Group by 1.1% in the 1st quarter. Ensign Peak Advisors Inc now owns 52,360 shares of the company’s stock worth $1,177,000 after purchasing an additional 550 shares during the period. 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.