APi Group (NYSE:APG) Hits New 12-Month High at $29.61

APi Group Co. (NYSE:APGGet Free Report) hit a new 52-week high on Friday . The stock traded as high as $29.61 and last traded at $29.56, with a volume of 1141050 shares. The stock had previously closed at $29.15.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on APG shares. Robert W. Baird upped their price objective on APi Group from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. TheStreet lowered shares of APi Group from a “b-” rating to a “c+” rating in a report on Thursday, October 5th. Royal Bank of Canada upped their target price on shares of APi Group from $25.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Friday, August 4th. Finally, Barclays lifted their price target on shares of APi Group from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

View Our Latest Stock Analysis on APG

APi Group Price Performance

The stock has a market cap of $6.96 billion, a PE ratio of 80.97, a PEG ratio of 1.02 and a beta of 1.60. The firm’s 50-day moving average price is $26.40 and its two-hundred day moving average price is $26.16. The company has a current ratio of 1.40, a quick ratio of 1.31 and a debt-to-equity ratio of 1.05.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 166,666 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $27.29, for a total transaction of $4,548,315.14. Following the completion of the sale, the director now directly owns 4,057,632 shares of the company’s stock, valued at $110,732,777.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 16.40% of the company’s stock.

Institutional Trading of APi Group

A number of hedge funds have recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd purchased a new position in APi Group during the second quarter valued at $26,000. Toronto Dominion Bank acquired a new stake in APi Group in the 3rd quarter worth about $30,000. Quantbot Technologies LP increased its stake in APi Group by 386.6% during the 2nd quarter. Quantbot Technologies LP now owns 2,360 shares of the company’s stock worth $35,000 after buying an additional 1,875 shares in the last quarter. Roffman Miller Associates Inc. PA acquired a new position in shares of APi Group during the second quarter valued at approximately $41,000. Finally, CWM LLC lifted its position in shares of APi Group by 41.4% in the second quarter. CWM LLC now owns 1,591 shares of the company’s stock valued at $43,000 after acquiring an additional 466 shares in the last quarter. 83.44% of the stock is owned by hedge funds and other institutional investors.

About APi Group

(Get Free Report)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, the Asian-Pacific, and other countries. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, and inspection and service of these integrated systems.

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