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

Commonwealth Equity Services LLC trimmed its position in shares of APi Group Co. (NYSE:APG) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake in APi Group during the 3rd quarter worth approximately $26,000. Blue Trust Inc. raised its holdings in shares of APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares during the period. Avior Wealth Management LLC acquired a new position in shares of APi Group during the third quarter worth about $33,000. ORG Wealth Partners LLC acquired a new position in APi Group during the 4th quarter worth approximately $34,000. Finally, Strategic Financial Concepts LLC boosted its holdings in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after purchasing an additional 217,071 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the director now 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 18.20% of the company’s stock.

APi Group Trading Up 3.5 %

Shares of APi Group stock opened at $38.43 on Tuesday. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of -19.51 and a beta of 1.54. The business has a fifty day simple moving average of $37.85 and a two-hundred day simple moving average of $36.29. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

Wall Street Analysts Forecast Growth

Several brokerages have commented on APG. Citigroup cut their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Robert W. Baird increased their price target on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research 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 price target on the stock in a research report on Tuesday, January 14th. Truist Financial reissued a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Finally, William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.43.

APi Group 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.