APi Group (NYSE:APG) Sets New 52-Week Low – Time to Sell?

by · The Cerbat Gem

APi Group Co. (NYSE:APG – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $31.40 and last traded at $32.26, with a volume of 435545 shares changing hands. The stock had previously closed at $33.91.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. UBS Group decreased their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Robert W. Baird increased their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Barclays lowered their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, APi Group presently has an average rating of “Moderate Buy” and an average target price of $43.29.

View Our Latest Analysis on APG

APi Group Trading Down 4.1 %

The company has a 50 day moving average of $37.60 and a 200 day moving average of $36.40. The firm has a market cap of $9.03 billion, a P/E ratio of -16.39 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

Insiders Place Their Bets

In related news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.20% of the company’s stock.

Institutional Trading of APi Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after acquiring an additional 386 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in APi Group during the fourth quarter worth approximately $34,000. First Horizon Advisors Inc. boosted its position in APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after purchasing an additional 414 shares during the period. Versant Capital Management Inc grew its holdings in APi Group by 339.0% during the first quarter. Versant Capital Management Inc now owns 1,633 shares of the company’s stock valued at $58,000 after purchasing an additional 1,261 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its position in shares of APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after purchasing an additional 217,071 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Company Profile

(Get Free Report)

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.

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