APi Group (NYSE:APG) Shares Gap Down to $39.11

APi Group Co. (NYSE:APG)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $39.11, but opened at $36.90. APi Group shares last traded at $36.96, with a volume of 7,036,711 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on APG. Robert W. Baird boosted their price objective on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday. Jefferies Financial Group began coverage on shares of APi Group in a research report on Friday, March 15th. They issued a “buy” rating and a $48.00 price objective for the company. Royal Bank of Canada boosted their price target on shares of APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a report on Monday, April 8th. TheStreet lowered shares of APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Finally, UBS Group boosted their price target on shares of APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.29.

APi Group Stock Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43. The stock has a market cap of $9.68 billion, a P/E ratio of -51.46, a price-to-earnings-growth ratio of 1.19 and a beta of 1.64. The firm’s 50 day moving average is $37.47 and its 200 day moving average is $32.57.

APi Group (NYSE:APG) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.44 EPS for the quarter, topping 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 firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the business posted $0.36 EPS. APi Group’s revenue was up 3.3% on a year-over-year basis. Analysts anticipate that APi Group Co. will post 1.85 EPS for the current year.

Insider Buying and Selling at APi Group

In other news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the sale, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director James E. Lillie sold 125,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the sale, the director now directly owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Krumm sold 5,585 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now owns 34,180 shares in the company, valued at $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On APi Group

Institutional investors and hedge funds have recently bought and sold shares of the business. UniSuper Management Pty Ltd acquired a new position in APi Group during the second quarter worth about $26,000. Toronto Dominion Bank acquired a new position in APi Group in the 3rd quarter valued at about $30,000. Quantbot Technologies LP boosted its holdings in APi Group by 386.6% in the 2nd quarter. Quantbot Technologies LP now owns 2,360 shares of the company’s stock valued at $35,000 after purchasing an additional 1,875 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after purchasing an additional 390 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in APi Group by 52.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,969 shares of the company’s stock valued at $56,000 after purchasing an additional 1,019 shares during the last quarter. 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.