Lecap Asset Management Ltd. Cuts Stake in APi Group Co. (NYSE:APG)

Lecap Asset Management Ltd. lowered its holdings in APi Group Co. (NYSE:APG - Free Report) by 65.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,749 shares of the company's stock after selling 18,801 shares during the quarter. Lecap Asset Management Ltd.'s holdings in APi Group were worth $351,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in APG. Strategic Financial Concepts LLC boosted its holdings in 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 acquiring an additional 217,071 shares in the last quarter. Capital Investment Services of America Inc. lifted its position in shares of APi Group by 7.5% in the 4th quarter. Capital Investment Services of America Inc. now owns 323,762 shares of the company's stock worth $11,646,000 after purchasing an additional 22,690 shares during the period. Swedbank AB boosted its stake in shares of APi Group by 9.6% during the 4th quarter. Swedbank AB now owns 2,422,000 shares of the company's stock valued at $87,119,000 after purchasing an additional 213,000 shares in the last quarter. R Squared Ltd purchased a new position in shares of APi Group during the fourth quarter valued at about $85,000. Finally, Mount Yale Investment Advisors LLC bought a new position in APi Group in the fourth quarter worth about $249,000. 86.62% of the stock is currently owned by institutional investors.

APi Group Stock Performance

Shares of NYSE APG traded down $0.69 during midday trading on Wednesday, hitting $37.62. 635,535 shares of the company's stock traded hands, compared to its average volume of 1,104,865. The firm has a fifty day moving average of $37.44 and a 200 day moving average of $35.65. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $40.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of -19.10 and a beta of 1.55.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APG. Truist Financial started coverage on APi Group in a research report on Wednesday, January 22nd. They set a "buy" rating and a $45.00 price objective on the stock. Robert W. Baird lifted their price target on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, November 26th. 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 report on Tuesday, January 14th. Citigroup dropped their target price on shares of APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, William Blair reiterated an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.38.

APi Group Profile

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.