APi Group (NYSE:APG) Given Hold (C) Rating at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of APi Group (NYSE:APG) in a research report report published on Thursday morning,Weiss Ratings reports.

A number of other brokerages have also commented on APG. Barclays reissued an “overweight” rating and set a $42.00 price objective (up previously from $40.00) on shares of APi Group in a report on Monday, August 4th. JPMorgan Chase & Co. raised APi Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $31.00 to $42.00 in a report on Tuesday, July 15th. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Finally, Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.10.

APi Group Stock Performance

Shares of APG stock opened at $35.11 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.45 and a quick ratio of 1.37. APi Group has a fifty-two week low of $20.50 and a fifty-two week high of $36.55. The stock’s 50-day moving average is $34.88 and its two-hundred day moving average is $32.80. The firm has a market cap of $14.60 billion, a P/E ratio of 109.72 and a beta of 1.62.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. APi Group had a return on equity of 21.33% and a net margin of 3.35%.The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the firm posted $0.51 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. APi Group has set its FY 2025 guidance at EPS. Analysts predict that APi Group will post 1.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Martin E. Franklin sold 1,200,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the completion of the sale, the director owned 19,868,790 shares in the company, valued at $688,254,885.60. This represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ian G. H. Ashken sold 205,550 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $35.24, for a total value of $7,243,582.00. Following the sale, the director owned 7,968,167 shares of the company’s stock, valued at approximately $280,798,205.08. The trade was a 2.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,789,843 shares of company stock worth $62,262,672 in the last 90 days. 17.00% of the stock is owned by company insiders.

Institutional Trading of APi Group

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of APi Group by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company’s stock worth $1,199,357,000 after acquiring an additional 453,543 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of APi Group by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company’s stock worth $581,073,000 after acquiring an additional 621,761 shares during the period. Durable Capital Partners LP lifted its position in shares of APi Group by 19.2% in the 2nd quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company’s stock worth $542,333,000 after acquiring an additional 1,712,397 shares during the period. State Street Corp lifted its position in shares of APi Group by 83.2% in the 2nd quarter. State Street Corp now owns 7,150,845 shares of the company’s stock worth $365,051,000 after acquiring an additional 3,247,126 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of APi Group by 75.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock worth $241,997,000 after acquiring an additional 2,906,783 shares during the period. 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.