APi Group (NYSE:APG) Shares Gap Down to $39.11

APi Group Co. (NYSE:APG) shares gapped down prior to trading on Wednesday . The stock had previously closed at $39.11, but opened at $36.90. APi Group shares last traded at $36.96, with a volume of 7,036,711 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup lifted their price objective on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Barclays lifted their price objective on APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Jefferies Financial Group started coverage on APi Group in a report on Friday, March 15th. They issued a “buy” rating and a $48.00 price objective for the company. Royal Bank of Canada raised their target price on APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. Finally, Robert W. Baird raised their target price on APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.29.

APi Group Trading Down 5.3 %

The stock has a market cap of $9.68 billion, a P/E ratio of -51.46, a P/E/G ratio of 1.19 and a beta of 1.64. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43. The stock has a 50-day moving average price of $37.47 and a 200-day moving average price of $32.57.

APi Group (NYSE:APG) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.76 billion. APi Group had a return on equity of 20.24% and a net margin of 2.21%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. On average, equities research analysts expect that APi Group Co. will post 1.85 EPS for the current year.

Insider Activity at APi Group

In related news, CFO Kevin Krumm sold 5,585 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other APi Group news, Director James E. Lillie sold 125,000 shares of APi Group stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at approximately $209,378,674.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Krumm sold 5,585 shares of APi Group stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the transaction, the chief financial officer now directly owns 34,180 shares in the company, valued at $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On APi Group

A number of large investors have recently bought and sold shares of APG. JPMorgan Chase & Co. increased its stake in shares of APi Group by 4.3% during the first quarter. JPMorgan Chase & Co. now owns 207,347 shares of the company’s stock valued at $4,360,000 after buying an additional 8,460 shares during the period. US Bancorp DE increased its stake in shares of APi Group by 8.0% during the first quarter. US Bancorp DE now owns 12,978 shares of the company’s stock valued at $273,000 after buying an additional 965 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of APi Group by 1,075.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company’s stock valued at $61,000 after buying an additional 2,666 shares during the period. AlphaCrest Capital Management LLC increased its stake in shares of APi Group by 24.1% during the first quarter. AlphaCrest Capital Management LLC now owns 16,374 shares of the company’s stock valued at $344,000 after buying an additional 3,180 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of APi Group by 57.0% during the first quarter. MetLife Investment Management LLC now owns 107,748 shares of the company’s stock valued at $2,266,000 after buying an additional 39,118 shares during the period. 86.62% of the stock is 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.