Jag Capital Management LLC Has $248,000 Holdings in APi Group Co. (NYSE:APG)

Jag Capital Management LLC decreased its stake in shares of APi Group Co. (NYSE:APG) by 42.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,883 shares of the company’s stock after selling 5,120 shares during the period. Jag Capital Management LLC’s holdings in APi Group were worth $248,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Equitable Trust Co. boosted its position in shares of APi Group by 1.7% during the fourth quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock valued at $744,000 after buying an additional 351 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of APi Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock valued at $265,000 after buying an additional 370 shares during the last quarter. Blue Trust Inc. boosted 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 buying an additional 386 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after buying an additional 414 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of APi Group by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock valued at $1,906,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analysts Set New Price Targets

APG has been the topic of a number of recent analyst reports. 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 report on Tuesday, January 14th. Truist Financial reiterated a “buy” rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Barclays lifted their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Finally, Robert W. Baird lifted their price target on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

APi Group Stock Performance

Shares of APG opened at $37.29 on Tuesday. The firm has a market cap of $10.25 billion, a PE ratio of -18.93 and a beta of 1.55. The stock’s fifty day moving average price is $37.64 and its two-hundred day moving average price is $36.07. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31.

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.