APi Group (NYSE:APG) Sets New 12-Month High – Should You Buy?

APi Group Corporation (NYSE:APG)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $43.75 and last traded at $42.1890, with a volume of 1424469 shares trading hands. The stock had previously closed at $41.92.

Analyst Ratings Changes

Several research firms have recently issued reports on APG. CJS Securities raised APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. UBS Group set a $49.00 price target on APi Group and gave the company a “buy” rating in a report on Thursday, January 15th. Citigroup reissued a “buy” rating and set a $49.00 price objective (up previously from $45.00) on shares of APi Group in a report on Monday, January 12th. Weiss Ratings restated a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.24.

APi Group Trading Up 0.6%

The company’s fifty day moving average price is $39.99 and its two-hundred day moving average price is $36.88. The firm has a market cap of $17.55 billion, a PE ratio of 115.06 and a beta of 1.70. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, sell-side analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Anthony E. Malkin acquired 3,000 shares of APi Group stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average price of $39.58 per share, for a total transaction of $118,740.00. Following the completion of the purchase, the director directly owned 7,000 shares of the company’s stock, valued at approximately $277,060. This trade represents a 75.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin E. Franklin sold 340,000 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the completion of the transaction, the director directly owned 18,968,790 shares of the company’s stock, valued at approximately $684,583,631.10. This trade represents a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have bought 7,000 shares of company stock worth $275,720 and have sold 900,000 shares worth $32,342,000. Corporate insiders own 17.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in APi Group by 49.6% during the 3rd quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock valued at $1,207,719,000 after buying an additional 11,644,990 shares during the last quarter. Durable Capital Partners LP boosted its stake in shares of APi Group by 40.2% during the third quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after acquiring an additional 4,274,610 shares during the last quarter. Viking Global Investors LP increased its position in APi Group by 6.7% during the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock worth $422,967,000 after purchasing an additional 768,759 shares in the last quarter. State Street Corp raised its stake in APi Group by 50.6% in the 3rd quarter. State Street Corp now owns 10,771,776 shares of the company’s stock valued at $370,226,000 after purchasing an additional 3,620,931 shares during the last quarter. Finally, Findlay Park Partners LLP raised its stake in APi Group by 13.1% in the 3rd quarter. Findlay Park Partners LLP now owns 7,540,068 shares of the company’s stock valued at $259,152,000 after purchasing an additional 873,420 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

About APi Group

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.