APi Group (NYSE:APG) Sets New 1-Year High – Still a Buy?

APi Group Corporation (NYSE:APG) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.81 and last traded at $38.73, with a volume of 1519608 shares. The stock had previously closed at $37.71.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays raised their target price on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Citigroup increased their price target on shares of APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Zacks Research cut shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a research note on Thursday, October 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.52.

APi Group Trading Up 2.9%

The company’s fifty day moving average is $35.40 and its two-hundred day moving average is $34.29. 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 stock has a market cap of $16.14 billion, a price-to-earnings ratio of 105.78 and a beta of 1.63.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, topping 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%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. APi Group has set its FY 2025 guidance at EPS. On average, research analysts predict that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insider Activity

In other news, Director Martin E. Franklin sold 1,200,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $34.64, for a total transaction of $41,568,000.00. Following the sale, the director owned 19,868,790 shares of the company’s stock, valued at approximately $688,254,885.60. This trade represents a 5.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 2,100,000 shares of company stock worth $73,910,000. Corporate insiders own 17.00% of the company’s stock.

Hedge Funds Weigh In On APi Group

Several hedge funds have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC grew its position in shares of APi Group by 105.7% in 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 last quarter. Silicon Valley Capital Partners grew its holdings in shares of 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 purchasing an additional 286 shares during the last quarter. Parallel Advisors LLC increased its position in shares of APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after purchasing an additional 297 shares in the last quarter. Bares Capital Management Inc. acquired a new stake in shares of APi Group during the second quarter worth about $30,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of APi Group in the 3rd quarter valued at about $31,000. 86.62% of the stock is currently owned by hedge funds and other 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.