APi Group (NYSE:APG) Reaches New 12-Month High at $39.95

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

Analysts Set New Price Targets

Several brokerages recently weighed in on APG. Jefferies Financial Group assumed coverage on shares of APi Group in a research note on Friday, March 15th. They issued a “buy” rating and a $48.00 target price for the company. TheStreet downgraded APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. UBS Group increased their price target on APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Barclays lifted their price objective on APi Group from $37.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. increased their target price on APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently 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 company’s fifty day moving average is $35.60 and its 200 day moving average is $31.26.

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

Insider Activity

In other news, Director James E. Lillie sold 125,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 5,455,411 shares in the company, valued at $209,378,674.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kevin Krumm sold 5,585 shares of the business’s stock in a transaction dated 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 directly owns 34,180 shares of the company’s stock, valued at $1,220,909.60. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were 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 in the company, valued at approximately $209,378,674.18. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On APi Group

Several institutional investors and hedge funds have recently bought and sold shares of APG. Viking Global Investors LP grew its position in shares of APi Group by 0.3% during the fourth quarter. Viking Global Investors LP now owns 34,302,815 shares of the company’s stock worth $1,186,877,000 after acquiring an additional 103,283 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of APi Group by 10.2% in the fourth quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock valued at $719,349,000 after purchasing an additional 1,930,059 shares during the period. BlackRock Inc. raised its holdings in shares of APi Group by 4.1% during the first quarter. BlackRock Inc. now owns 15,083,919 shares of the company’s stock valued at $339,087,000 after buying an additional 593,023 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of APi Group during the fourth quarter worth approximately $159,751,000. Finally, State Street Corp grew its holdings in APi Group by 4.9% in the 1st quarter. State Street Corp now owns 4,343,571 shares of the company’s stock worth $97,643,000 after buying an additional 201,805 shares in the last quarter. 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.