APi Group (NYSE:APG) Sets New 12-Month Low - Here's Why

APi Group Co. (NYSE:APG - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as $31.40 and last traded at $32.26, with a volume of 435545 shares traded. The stock had previously closed at $33.91.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group cut their target price 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. 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 research report on Tuesday, January 14th. Robert W. Baird boosted their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Citigroup reduced their target price on shares of APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Finally, Truist Financial restated a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.29.

APi Group Stock Up 10.0 %

The stock's fifty day simple moving average is $37.19 and its two-hundred day simple moving average is $36.34. The stock has a market capitalization of $9.83 billion, a P/E ratio of -17.98 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

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Insider Buying and Selling

In other APi Group 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 transaction, the director now 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 Securities & Exchange Commission, which is accessible through this hyperlink. 18.20% of the stock is owned by insiders.

Institutional Trading of APi Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NBC Securities Inc. increased its holdings in APi Group by 101,957.1% during the 1st quarter. NBC Securities Inc. now owns 14,288 shares of the company's stock worth $510,000 after purchasing an additional 14,274 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of APi Group by 0.4% during the 1st quarter. Rhumbline Advisers now owns 220,997 shares of the company's stock worth $7,903,000 after acquiring an additional 920 shares during the last quarter. GAMMA Investing LLC lifted its position in APi Group by 7,249.1% in the 1st quarter. GAMMA Investing LLC now owns 54,677 shares of the company's stock worth $1,955,000 after buying an additional 53,933 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of APi Group by 339.0% in the 1st quarter. Versant Capital Management Inc now owns 1,633 shares of the company's stock valued at $58,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Centaurus Financial Inc. raised its holdings in APi Group by 3.0% during the 4th quarter. Centaurus Financial Inc. now owns 117,136 shares of the company's stock valued at $4,213,000 after buying an additional 3,406 shares during 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.