APi Group (NYSE:APG) Reaches New 52-Week High – Should You Buy?

APi Group Corporation (NYSE:APG)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $39.97 and last traded at $39.9810, with a volume of 2670522 shares. The stock had previously closed at $37.70.

Analyst Ratings Changes

A number of brokerages recently commented on APG. Citigroup reaffirmed a “buy” rating and issued a $45.00 target price (up from $43.00) on shares of APi Group in a report on Monday. Zacks Research downgraded APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a research report on Monday. Finally, Barclays increased their target price on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

APi Group Price Performance

The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. The firm’s fifty day moving average price is $36.35 and its 200 day moving average price is $34.95. The stock has a market cap of $16.61 billion, a PE ratio of 108.90 and a beta of 1.72.

APi Group (NYSE:APG) last posted its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. APi Group had a net margin of 3.44% and a return on equity of 21.86%. APi Group’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. As a group, equities analysts expect that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insider Activity

In related news, Director Martin E. Franklin sold 340,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the sale, the director directly owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 900,000 shares of company stock valued at $32,342,000 over the last quarter. Insiders own 17.00% of the company’s stock.

Institutional Investors Weigh In On APi Group

Several institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC raised its holdings in APi Group by 105.7% during the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after buying an additional 427 shares during the period. Silicon Valley Capital Partners boosted its stake in APi Group by 50.0% during the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after buying an additional 286 shares during the period. Parallel Advisors LLC increased its position in APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Bares Capital Management Inc. purchased a new stake in shares of APi Group in the second quarter valued at $30,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of APi Group in the 3rd quarter worth about $31,000. 86.62% of the stock is owned by 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.