APi Group (NYSE:APG - Free Report) had its price target decreased by Barclays from $44.00 to $43.00 in a research note released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.
Other equities research analysts have also issued research reports about the stock. Citigroup cut their price target on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a report on Monday, January 13th. Truist Financial reaffirmed a "buy" rating and issued a $48.00 price target (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. William Blair reiterated an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. UBS Group reduced their target price on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, APi Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.29.
Read Our Latest Research Report on APG
APi Group Price Performance
Shares of APi Group stock traded down $0.72 on Wednesday, hitting $35.99. The company's stock had a trading volume of 1,159,496 shares, compared to its average volume of 1,675,946. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of -18.27 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 company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a fifty day moving average price of $37.81 and a 200-day moving average price of $36.38.
Insider Transactions at APi Group
In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 18.20% of the company's stock.
Hedge Funds Weigh In On APi Group
Hedge funds have recently modified their holdings of the business. Capital Research Global Investors increased its position in shares of APi Group by 118.2% during the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock valued at $393,774,000 after acquiring an additional 5,931,314 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in APi Group in the 4th quarter valued at approximately $125,407,000. Durable Capital Partners LP raised its position 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 valued at $180,121,000 after purchasing an additional 3,337,468 shares during the period. Norges Bank acquired a new position in APi Group during the fourth quarter worth $98,028,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of APi Group by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company's stock worth $562,120,000 after buying an additional 2,602,758 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.
APi Group Company Profile
(
Get Free Report)
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.
Read More
Before you consider APi Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APi Group wasn't on the list.
While APi Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
