APi Group (NYSE:APG) PT Raised to $43.00

APi Group (NYSE:APG) had its price target boosted by equities researchers at Robert W. Baird from $39.00 to $43.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 16.03% from the company’s current price.

Several other research firms have also recently commented on APG. Barclays increased their price target on shares of APi Group from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. TheStreet cut shares of APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Royal Bank of Canada raised their price objective on shares of APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday, April 8th. Citigroup raised their price objective on shares of APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, UBS Group raised their price objective on shares of APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, APi Group has an average rating of “Moderate Buy” and a consensus price target of $44.29.

APi Group Stock Performance

NYSE APG opened at $37.06 on Tuesday. APi Group has a 1-year low of $21.15 and a 1-year high of $39.98. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.12. The company has a 50 day moving average of $37.53 and a 200-day moving average of $32.60. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of -48.76, a PEG ratio of 1.19 and a beta of 1.64.

APi Group (NYSE:APG) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 EPS 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 analysts’ expectations of $1.76 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. APi Group’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that APi Group will post 1.85 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other news, CFO Kevin Krumm sold 5,585 shares of APi Group stock in a transaction 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 transaction, 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 legal filing with the SEC, which is available at the SEC website. In other news, CFO Kevin Krumm sold 5,585 shares of APi Group stock in a transaction 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 transaction, 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 legal filing with the SEC, which is available at the SEC website. Also, Director James E. Lillie sold 125,000 shares of APi Group stock in a transaction on 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 transaction, the director now directly owns 5,455,411 shares in the company, valued at $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

A number of hedge funds and other institutional investors have recently made changes to their positions in APG. JPMorgan Chase & Co. raised its holdings in shares of APi Group by 4.3% during the first quarter. JPMorgan Chase & Co. now owns 207,347 shares of the company’s stock worth $4,360,000 after acquiring an additional 8,460 shares during the period. US Bancorp DE raised its holdings in shares of APi Group by 8.0% during the first quarter. US Bancorp DE now owns 12,978 shares of the company’s stock worth $273,000 after acquiring an additional 965 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of APi Group by 1,075.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company’s stock worth $61,000 after acquiring an additional 2,666 shares during the period. AlphaCrest Capital Management LLC raised its holdings in shares of APi Group by 24.1% during the first quarter. AlphaCrest Capital Management LLC now owns 16,374 shares of the company’s stock worth $344,000 after acquiring an additional 3,180 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of APi Group by 57.0% during the first quarter. MetLife Investment Management LLC now owns 107,748 shares of the company’s stock worth $2,266,000 after acquiring an additional 39,118 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

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.