AlphaQuest LLC Increases Holdings in APi Group Co. (NYSE:APG)

AlphaQuest LLC grew its holdings in shares of APi Group Co. (NYSE:APG) by 113.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,969 shares of the company’s stock after buying an additional 7,420 shares during the period. AlphaQuest LLC’s holdings in APi Group were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

APi Group Stock Up 0.9 %

APG opened at $36.72 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $37.68 and a two-hundred day moving average price of $36.14. APi Group Co. has a 52 week low of $31.44 and a 52 week high of $41.31. The company has a market cap of $10.19 billion, a PE ratio of -18.64 and a beta of 1.54.

Insiders Place Their Bets

In other APi Group 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 transaction, the director now owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. 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 insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APG. Truist Financial reissued a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird boosted their target price on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Tuesday, January 14th. Citigroup reduced their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, UBS Group reduced their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

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.