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

Royal Bank of Canada restated their sector perform rating on shares of APi Group (NYSE:APG) in a research report sent to investors on Friday, Benzinga reports. They currently have a $45.00 price objective on the stock.

APG has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their price target on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Barclays dropped their price target on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Robert W. Baird dropped their target price on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

APi Group Stock Performance

APG stock traded up $1.20 during mid-day trading on Friday, hitting $35.34. 2,693,056 shares of the company were exchanged, compared to its average volume of 1,724,475. The stock has a market capitalization of $9.71 billion, a PE ratio of -17.94 and a beta of 1.54. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. APi Group has a 1-year low of $25.51 and a 1-year high of $39.98. The business has a 50 day simple moving average of $33.76 and a 200-day simple moving average of $35.70.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $0.48 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts forecast that APi Group will post 1.86 earnings per share for the current year.

Insider Buying and Selling

In other APi Group news, SVP Louis Lambert sold 6,333 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.45, for a total transaction of $205,505.85. Following the sale, the senior vice president now owns 8,100 shares of the company’s stock, valued at approximately $262,845. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Martin E. Franklin sold 178,346 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total value of $6,288,479.96. Following the sale, the director now owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Louis Lambert sold 6,333 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.45, for a total value of $205,505.85. Following the completion of the sale, the senior vice president now owns 8,100 shares of the company’s stock, valued at $262,845. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,358 shares of company stock worth $11,653,157 in the last three months. 18.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On APi Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. boosted its position in APi Group by 100.9% during the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock valued at $59,000 after acquiring an additional 752 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in shares of APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after purchasing an additional 776 shares during the period. Motco bought a new stake in shares of APi Group during the 1st quarter valued at about $83,000. Triad Wealth Partners LLC acquired a new stake in APi Group during the second quarter worth approximately $132,000. Finally, SG Americas Securities LLC bought a new stake in APi Group in the third quarter worth approximately $165,000. Institutional investors and hedge funds 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.