APi Group (NYSE:APG) Reaches New 52-Week High – Here’s Why

by · The Cerbat Gem

APi Group Corporation (NYSE:APGGet Free Report)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $44.00 and last traded at $43.6940, with a volume of 184552 shares changing hands. The stock had previously closed at $42.98.

Analyst Upgrades and Downgrades

APG has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating and issued a $49.00 target price (up from $45.00) on shares of APi Group in a research report on Monday, January 12th. CJS Securities raised APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Truist Financial raised their price target on APi Group from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of APi Group in a report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.24.

View Our Latest Analysis on APi Group

APi Group Stock Performance

The firm has a market cap of $18.42 billion, a P/E ratio of 120.88 and a beta of 1.70. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The business’s 50-day simple moving average is $40.48 and its 200 day simple moving average is $37.18.

Insider Activity

In other APi Group news, Director Anthony E. Malkin purchased 3,000 shares of APi Group stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of $39.58 per share, with a total value of $118,740.00. Following the transaction, the director directly owned 7,000 shares of the company’s stock, valued at $277,060. This trade represents a 75.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders bought 7,000 shares of company stock worth $275,720. Insiders own 17.00% of the company’s stock.

Institutional Trading of APi Group

Several large investors have recently added to or reduced their stakes in APG. Sound Income Strategies LLC bought a new position in APi Group in the fourth quarter worth approximately $27,000. Clearstead Advisors LLC increased its stake in shares of APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after purchasing an additional 427 shares in the last quarter. Silicon Valley Capital Partners raised its holdings in APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after purchasing an additional 286 shares during the period. Parallel Advisors LLC lifted its position in APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after purchasing an additional 297 shares in the last quarter. Finally, Bares Capital Management Inc. bought a new stake in APi Group during the second quarter valued at about $30,000. 86.62% of the stock is currently owned by institutional investors.

APi Group Company Profile

(Get Free Report)

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.

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