Commonwealth Equity Services LLC Sells 5,440 Shares of APi Group Co. (NYSE:APG)

Commonwealth Equity Services LLC lessened its holdings in APi Group Co. (NYSE:APG) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,317 shares of the company’s stock after selling 5,440 shares during the quarter. Commonwealth Equity Services LLC’s holdings in APi Group were worth $3,824,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on APG shares. Citigroup reduced their target price on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. William Blair reissued an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Truist Financial reiterated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. Finally, UBS Group reduced their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.43.

APi Group Stock Up 3.5 %

Shares of NYSE:APG opened at $38.43 on Tuesday. 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 52-week low of $31.44 and a 52-week high of $41.31. The company has a market capitalization of $10.67 billion, a PE ratio of -19.51 and a beta of 1.54. The company has a fifty day moving average of $37.85 and a 200-day moving average of $36.29.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 18.20% 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.