Strategic Financial Concepts LLC Has $82,000 Position in APi Group Co. (NYSE:APG)

Strategic Financial Concepts LLC lifted its stake in APi Group Co. (NYSE:APG - Free Report) by 2,058.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,618 shares of the company's stock after purchasing an additional 217,071 shares during the quarter. Strategic Financial Concepts LLC owned 0.08% of APi Group worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APG. SG Americas Securities LLC bought a new position in APi Group during the third quarter valued at approximately $165,000. NBC Securities Inc. acquired a new stake in shares of APi Group in the third quarter worth $421,000. Swedbank AB lifted its position in APi Group by 18.8% in the third quarter. Swedbank AB now owns 2,209,000 shares of the company's stock worth $72,941,000 after purchasing an additional 349,000 shares during the period. Raymond James & Associates lifted its position in APi Group by 20.2% in the third quarter. Raymond James & Associates now owns 173,774 shares of the company's stock worth $5,738,000 after purchasing an additional 29,175 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in APi Group by 4.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company's stock worth $227,881,000 after purchasing an additional 324,544 shares during the period. Institutional investors own 86.62% of the company's stock.

APi Group Price Performance

Shares of APi Group stock traded up $0.06 during trading on Friday, reaching $37.53. The company's stock had a trading volume of 827,947 shares, compared to its average volume of 984,766. The stock has a 50-day moving average price of $37.37 and a two-hundred day moving average price of $35.65. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $10.31 billion, a P/E ratio of -19.05 and a beta of 1.55. APi Group Co. has a one year low of $31.44 and a one year high of $40.89.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. William Blair reaffirmed an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Robert W. Baird lifted their price objective on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. Barclays lifted their price objective on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Truist Financial began coverage on APi Group in a report on Wednesday, January 22nd. They set a "buy" rating and a $45.00 price objective for the company. Finally, Citigroup cut their price objective on APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.38.

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.