APi Group Co. (NYSE:APG) Short Interest Update

APi Group Co. (NYSE:APG) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 3,520,000 shares, a decline of 9.0% from the January 15th total of 3,870,000 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is presently 2.8 days.

Analyst Ratings Changes

Several analysts have recently issued reports on APG shares. William Blair reissued an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Truist Financial began coverage on shares of APi Group in a report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price on the stock. Robert W. Baird upped their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Tuesday, January 14th. Finally, Citigroup decreased 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

APi Group Price Performance

APG stock traded up $0.06 during midday trading on Monday, reaching $37.53. The company had a trading volume of 827,947 shares, compared to its average volume of 984,766. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group has a 1 year low of $31.44 and a 1 year high of $40.89. The company has a market capitalization of $10.31 billion, a P/E ratio of -19.05 and a beta of 1.55. The firm has a 50-day moving average price of $37.37 and a 200-day moving average price of $35.65.

Hedge Funds Weigh In On APi Group

A number of hedge funds and other institutional investors have recently bought and sold shares of APG. Capital Research Global Investors boosted its stake in shares of APi Group by 118.2% in the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock valued at $393,774,000 after purchasing an additional 5,931,314 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in APi Group during the 4th quarter valued at $125,407,000. Durable Capital Partners LP raised its holdings in APi Group by 199.8% during the 4th quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company’s stock valued at $180,121,000 after buying an additional 3,337,468 shares during the last quarter. Norges Bank bought a new stake in APi Group during the 4th quarter valued at $98,028,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in APi Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company’s stock valued at $562,120,000 after buying an additional 2,602,758 shares during the last quarter. Hedge funds and other institutional investors 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.