APi Group (NYSE:APG) Earns Outperform Rating from William Blair

APi Group (NYSE:APG)‘s stock had its “outperform” rating reiterated by investment analysts at William Blair in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

APG has been the subject of several other reports. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Robert W. Baird upped their price target on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Finally, Barclays lifted their price objective on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.71.

APi Group Trading Down 0.3 %

Shares of APG stock opened at $38.59 on Thursday. The stock has a market capitalization of $10.60 billion, a P/E ratio of -19.55 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The firm’s 50 day moving average is $35.01 and its 200 day moving average is $35.60. APi Group has a 12-month low of $30.15 and a 12-month high of $40.89.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. Research analysts expect that APi Group will post 1.86 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the sale, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

Institutional Trading of APi Group

Several hedge funds have recently made changes to their positions in the business. Comerica Bank lifted its stake in shares of APi Group by 109.8% in the 1st quarter. Comerica Bank now owns 5,641 shares of the company’s stock valued at $222,000 after purchasing an additional 2,952 shares during the last quarter. Cetera Advisors LLC lifted its position in APi Group by 1.1% in the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock worth $1,070,000 after buying an additional 287 shares during the last quarter. MJP Associates Inc. ADV boosted its stake in APi Group by 13.4% during the second quarter. MJP Associates Inc. ADV now owns 29,526 shares of the company’s stock worth $1,111,000 after buying an additional 3,492 shares during the period. Artemis Investment Management LLP increased its position in APi Group by 65.8% during the second quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company’s stock valued at $95,707,000 after acquiring an additional 1,009,328 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its stake in shares of APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after acquiring an additional 373 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

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.