Barclays Has Lowered Expectations for APi Group (NYSE:APG) Stock Price

APi Group (NYSE:APG) had its price objective reduced by Barclays from $44.00 to $43.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 17.28% from the company’s current price.

APG has been the subject of several other research reports. UBS Group dropped their price target on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Tuesday, January 14th. Robert W. Baird lifted their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.29.

APi Group Stock Down 0.2 %

Shares of APG opened at $36.66 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of -18.61 and a beta of 1.54. APi Group has a 1 year low of $31.44 and a 1 year high of $41.31. The business’s 50 day simple moving average is $37.84 and its 200-day simple moving average is $36.33.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of APG. Capital Research Global Investors lifted its holdings in shares of APi Group by 118.2% in the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock worth $393,774,000 after buying an additional 5,931,314 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of APi Group in the fourth quarter valued at about $125,407,000. Durable Capital Partners LP lifted its stake in APi Group by 199.8% in the fourth quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company’s stock worth $180,121,000 after acquiring an additional 3,337,468 shares during the period. Norges Bank bought a new position in APi Group during the 4th quarter worth about $98,028,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in APi Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company’s stock worth $562,120,000 after acquiring an additional 2,602,758 shares in the last quarter. 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.