Strategic Financial Concepts LLC Increases Holdings in APi Group Co. (NYSE:APG)

Strategic Financial Concepts LLC raised its stake in APi Group Co. (NYSE:APG) by 2,058.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 227,618 shares of the company’s stock after acquiring an additional 217,071 shares during the period. Strategic Financial Concepts LLC owned approximately 0.08% of APi Group worth $82,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after acquiring an additional 386 shares in the last quarter. Equitable Trust Co. lifted its stake in APi Group by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock valued at $671,000 after acquiring an additional 446 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of APi Group by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock valued at $1,906,000 after acquiring an additional 450 shares during the last quarter. KBC Group NV raised its holdings in shares of APi Group by 14.8% during the third quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after purchasing an additional 721 shares during the last quarter. Finally, Cynosure Group LLC boosted its holdings in APi Group by 7.6% in the third quarter. Cynosure Group LLC now owns 10,603 shares of the company’s stock worth $350,000 after purchasing an additional 746 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

NYSE:APG opened at $37.62 on Thursday. The stock has a market cap of $10.34 billion, a PE ratio of -19.10 and a beta of 1.55. 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’s 50-day simple moving average is $37.44 and its two-hundred day simple moving average is $35.65. APi Group Co. has a 52 week low of $31.44 and a 52 week high of $40.89.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on APG. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. Barclays boosted their target price on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird boosted their price objective on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Citigroup lowered their target price 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. Finally, William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.