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

APi Group Co. (NYSE:APG) gapped down prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

APG has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of APi Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. TheStreet cut shares of APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Jefferies Financial Group began coverage on shares of APi Group in a research note on Friday, March 15th. They issued a “buy” rating and a $48.00 price objective on the stock. Robert W. Baird raised their price target on shares of APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Royal Bank of Canada raised their price target on shares of APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. Two equities research 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $44.29.

APi Group Stock Performance

The firm has a market capitalization of $9.68 billion, a PE ratio of -48.53, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43. The company’s fifty day moving average price is $37.58 and its two-hundred day moving average price is $32.63.

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

Insider Activity at APi Group

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

Institutional Trading of APi Group

Several large investors have recently bought and sold shares of APG. Vanguard Group Inc. grew its position in shares of APi Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 18,860,384 shares of the company’s stock worth $489,050,000 after buying an additional 167,293 shares in the last quarter. UBS Group AG grew its position in shares of APi Group by 201.4% during the third quarter. UBS Group AG now owns 229,231 shares of the company’s stock worth $5,944,000 after buying an additional 153,167 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of APi Group during the fourth quarter worth approximately $670,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of APi Group during the fourth quarter worth approximately $1,518,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of APi Group during the third quarter worth approximately $1,102,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Company Profile

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.