APi Group (NYSE:APG) Shares Break Above 50-Day Moving Average – Time to Sell?

Shares of APi Group Corporation (NYSE:APG) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $39.72 and traded as high as $40.56. APi Group shares last traded at $40.2930, with a volume of 2,360,535 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating and issued a $55.00 price target (up from $54.00) on shares of APi Group in a research report on Monday, October 12th. Wells Fargo & Company initiated coverage on shares of APi Group in a research note on Tuesday, August 4th. They issued an “overweight” rating and a $53.00 price target on the stock. UBS Group set a $52.00 price objective on APi Group in a report on Monday, July 20th. Robert W. Baird set a $47.00 price objective on APi Group in a report on Friday, July 31st. Finally, Weiss Ratings raised APi Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $52.71.

APi Group Price Performance

The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $17.41 billion, a P/E ratio of -60.14, a P/E/G ratio of 1.77 and a beta of 1.57. The company’s 50-day simple moving average is $39.72 and its 200 day simple moving average is $41.90.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.20 billion. APi Group had a net margin of 3.99% and a return on equity of 37.59%. APi Group’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. As a group, sell-side analysts expect that APi Group Corporation will post 1.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ian Ashken sold 85,072 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $40.36, for a total value of $3,433,505.92. Following the completion of the sale, the director directly owned 9,177,284 shares in the company, valued at approximately $370,395,182.24. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Lillie sold 285,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $39.84, for a total transaction of $11,354,400.00. Following the transaction, the director directly owned 8,952,350 shares in the company, valued at $356,661,624. The trade was a 3.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 660,000 shares of company stock valued at $26,353,682 over the last quarter. 18.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Verdence Capital Advisors LLC grew its holdings in APi Group by 1.5% during the third quarter. Verdence Capital Advisors LLC now owns 122,828 shares of the company’s stock valued at $4,741,000 after purchasing an additional 1,802 shares during the last quarter. Robeco Schweiz AG raised its position in shares of APi Group by 15.7% in the third quarter. Robeco Schweiz AG now owns 1,031,691 shares of the company’s stock valued at $39,823,000 after purchasing an additional 139,692 shares during the period. Simplicity Wealth LLC lifted its stake in shares of APi Group by 54.5% in the third quarter. Simplicity Wealth LLC now owns 34,721 shares of the company’s stock worth $1,340,000 after buying an additional 12,241 shares during the last quarter. Gibbs Wealth Management lifted its stake in shares of APi Group by 112.5% in the third quarter. Gibbs Wealth Management now owns 19,671 shares of the company’s stock worth $759,000 after buying an additional 10,416 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of APi Group by 2.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 11,932 shares of the company’s stock worth $461,000 after buying an additional 274 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.