Barclays Cuts APi Group (NYSE:APG) Price Target to $43.00

APi Group (NYSE:APG) had its price target cut by Barclays from $44.00 to $43.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also issued reports on the company. William Blair reissued an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Truist Financial reiterated a “buy” rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. UBS Group decreased their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Tuesday, January 14th. Finally, Robert W. Baird raised their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.29.

APi Group Stock Down 1.9 %

APG opened at $35.99 on Wednesday. APi Group has a 1-year low of $31.44 and a 1-year high of $41.31. The firm’s 50 day simple moving average is $37.81 and its two-hundred day simple moving average is $36.35. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $9.99 billion, a PE ratio of -18.27 and a beta of 1.54.

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 18.20% of the company’s stock.

Institutional Trading of APi Group

Several hedge funds have recently bought and sold shares of APG. Centaurus Financial Inc. raised its holdings in shares of APi Group by 3.0% during the 4th quarter. Centaurus Financial Inc. now owns 117,136 shares of the company’s stock worth $4,213,000 after acquiring an additional 3,406 shares in the last quarter. Polar Asset Management Partners Inc. increased its position in APi Group by 376.5% in the fourth quarter. Polar Asset Management Partners Inc. now owns 121,500 shares of the company’s stock worth $4,370,000 after purchasing an additional 96,000 shares during the last quarter. Mackenzie Financial Corp bought a new stake in APi Group in the fourth quarter worth $1,592,000. Forum Financial Management LP purchased a new stake in APi Group during the fourth quarter valued at $210,000. Finally, Western Wealth Management LLC bought a new position in APi Group during the fourth quarter valued at $327,000. Hedge funds and other 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.