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

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

APi Group Stock Performance

Shares of APG stock traded down $0.03 during mid-day trading on Tuesday, reaching $37.48. The stock had a trading volume of 937,746 shares, compared to its average volume of 1,111,201. The firm’s 50 day simple moving average is $37.34 and its 200 day simple moving average is $35.66. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group has a one year low of $31.44 and a one year high of $40.89. The firm has a market cap of $10.30 billion, a PE ratio of -19.02 and a beta of 1.55.

Institutional Trading of APi Group

Hedge funds have recently modified their holdings of the company. Equitable Trust Co. lifted its position in shares of APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock worth $744,000 after buying an additional 351 shares during the period. CIBC Asset Management Inc lifted its position in shares of APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after buying an additional 370 shares during the period. Blue Trust Inc. lifted its position in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the period. EntryPoint Capital LLC lifted its position in shares of APi Group by 3.9% during the 4th quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock worth $375,000 after buying an additional 389 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after buying an additional 414 shares during the period. Institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on APG. 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. 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. William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Barclays increased their price objective on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird upped their target price on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.88.

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.