Choreo LLC Sells 24,716 Shares of APi Group Co. (NYSE:APG)

Choreo LLC lessened its holdings in APi Group Co. (NYSE:APG) by 24.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,437 shares of the company’s stock after selling 24,716 shares during the quarter. Choreo LLC’s holdings in APi Group were worth $2,714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of APG. First Horizon Advisors Inc. bought a new position in APi Group in the 3rd quarter valued at $26,000. Blue Trust Inc. grew its position in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares in the last quarter. Avior Wealth Management LLC bought a new position in shares of APi Group during the 3rd quarter worth $33,000. ORG Wealth Partners LLC bought a new position in shares of APi Group during the 4th quarter worth $34,000. Finally, R Squared Ltd bought a new position in shares of APi Group during the 4th quarter worth $85,000. Institutional investors own 86.62% of the company’s stock.

APi Group Trading Up 1.8 %

APi Group stock opened at $38.59 on Friday. The stock has a 50-day moving average of $37.37 and a two-hundred day moving average of $35.62. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a one year low of $31.44 and a one year high of $40.89. The stock has a market cap of $10.60 billion, a PE ratio of -19.59 and a beta of 1.55.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the sale, the director now owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on APG shares. Robert W. Baird increased their price target on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Citigroup dropped 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. William Blair reissued an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Truist Financial assumed coverage on APi Group in a research report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price target on the stock. Finally, Barclays upped their price objective on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.38.

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.