Several other research analysts have also recently commented on the company. TheStreet upgraded APi Group from a d+ rating to a c- rating in a research note on Thursday, November 3rd. Barclays cut their price target on APi Group from $21.00 to $19.00 and set an overweight rating on the stock in a research note on Monday, October 3rd. Finally, Royal Bank of Canada boosted their price target on APi Group from $18.00 to $20.00 and gave the stock a sector perform rating in a research note on Friday, November 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, APi Group has an average rating of Moderate Buy and an average price target of $22.43.
APi Group Trading Down 1.4 %
Shares of APG opened at $18.70 on Monday. The stock’s 50-day moving average is $15.85 and its two-hundred day moving average is $16.22. The stock has a market cap of $4.37 billion, a PE ratio of -26.34, a P/E/G ratio of 0.69 and a beta of 1.58. APi Group has a 12 month low of $13.09 and a 12 month high of $26.84. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.62 and a quick ratio of 1.52.
Insider Buying and Selling at APi Group
In other news, Director Anthony E. Malkin acquired 8,554 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average price of $15.35 per share, for a total transaction of $131,303.90. Following the completion of the purchase, the director now directly owns 53,757 shares of the company’s stock, valued at approximately $825,169.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Anthony E. Malkin bought 21,500 shares of the stock in a transaction dated Monday, September 19th. The stock was bought at an average cost of $15.10 per share, with a total value of $324,650.00. Following the completion of the acquisition, the director now owns 77,396 shares of the company’s stock, valued at $1,168,679.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony E. Malkin bought 8,554 shares of the stock in a transaction dated Thursday, September 15th. The shares were bought at an average cost of $15.35 per share, with a total value of $131,303.90. Following the completion of the acquisition, the director now directly owns 53,757 shares of the company’s stock, valued at approximately $825,169.95. The disclosure for this purchase can be found here. Insiders have bought 31,792 shares of company stock worth $482,592 over the last quarter. 13.70% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On APi Group
Institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. grew its holdings in APi Group by 229.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 50,598 shares of the company’s stock worth $1,064,000 after buying an additional 35,260 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in APi Group in the 1st quarter worth approximately $7,232,000. California Public Employees Retirement System grew its holdings in APi Group by 10.5% in the 1st quarter. California Public Employees Retirement System now owns 260,168 shares of the company’s stock worth $5,471,000 after buying an additional 24,644 shares in the last quarter. Thornburg Investment Management Inc. grew its holdings in APi Group by 108.7% in the 2nd quarter. Thornburg Investment Management Inc. now owns 359,144 shares of the company’s stock worth $5,376,000 after buying an additional 187,083 shares in the last quarter. Finally, Highside Global Management LLC grew its holdings in APi Group by 6.3% in the 1st quarter. Highside Global Management LLC now owns 863,859 shares of the company’s stock worth $18,167,000 after buying an additional 51,000 shares in the last quarter. 73.28% of the stock is owned by institutional investors.
APi Group Company Profile
APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.
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