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

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

A number of other brokerages have also issued reports on APG. William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Citigroup lowered their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird raised their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Tuesday, January 14th. Finally, Truist Financial restated a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

APi Group Stock Performance

APi Group stock opened at $36.72 on Wednesday. APi Group has a 1-year low of $31.44 and a 1-year high of $41.31. The company’s 50-day moving average is $37.85 and its 200 day moving average is $36.33. The firm has a market capitalization of $10.19 billion, a P/E ratio of -18.64 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On APi Group

A number of hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of APi Group in the 4th quarter worth approximately $34,000. First Horizon Advisors Inc. raised its stake in shares of APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after acquiring an additional 414 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after acquiring an additional 217,071 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in APi Group in the fourth quarter valued at approximately $85,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

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.