Short Interest in APi Group Co. (NYSE:APG) Decreases By 16.8%

APi Group Co. (NYSE:APG - Get Free Report) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,930,000 shares, a decline of 16.8% from the January 31st total of 3,520,000 shares. Based on an average daily volume of 1,330,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.9% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APG. Citigroup lowered their price target on APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. UBS Group lowered their price target on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Robert W. Baird upped their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. William Blair reiterated an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Finally, Truist Financial reiterated a "buy" rating and issued a $48.00 price target (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.

APi Group Trading Up 0.6 %

Shares of APG traded up $0.22 during trading hours on Friday, hitting $36.30. 2,869,851 shares of the stock traded hands, compared to its average volume of 1,628,483. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group has a 1-year low of $31.44 and a 1-year high of $41.31. The firm has a market capitalization of $10.07 billion, a PE ratio of -18.42 and a beta of 1.54. The business has a fifty day moving average of $37.66 and a 200-day moving average of $36.12.

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Insider Activity

In other news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the sale, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 18.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On APi Group

Large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in shares of APi Group during the third quarter valued at $26,000. Blue Trust Inc. lifted its stake in shares of APi Group by 92.3% during the fourth 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 period. Avior Wealth Management LLC acquired a new position in shares of APi Group during the third quarter valued at $33,000. ORG Wealth Partners LLC acquired a new position in shares of APi Group during the fourth quarter valued at $34,000. Finally, Strategic Financial Concepts LLC lifted its stake 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 buying 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

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.