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

APi Group Co. (NYSE:APG) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 2,930,000 shares, a decline of 16.8% from the January 31st total of 3,520,000 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average trading volume of 1,330,000 shares, the days-to-cover ratio is presently 2.2 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. UBS Group cut their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Citigroup lowered their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

APi Group Stock Down 2.5 %

NYSE:APG traded down $0.91 during trading hours on Friday, hitting $35.17. 744,055 shares of the stock traded hands, compared to its average volume of 1,619,855. The firm has a market cap of $9.76 billion, a price-to-earnings ratio of -17.85 and a beta of 1.54. The firm has a 50 day moving average price of $37.65 and a 200 day moving average price of $36.09. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group has a fifty-two week low of $31.44 and a fifty-two week high of $41.31.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction 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 sale, the director now owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On APi Group

Several institutional investors and hedge funds have recently bought and sold shares of APG. Polar Asset Management Partners Inc. increased its stake in shares of APi Group by 376.5% in the fourth quarter. Polar Asset Management Partners Inc. now owns 121,500 shares of the company’s stock worth $4,370,000 after acquiring an additional 96,000 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of APi Group during the 4th quarter valued at about $1,592,000. Forum Financial Management LP acquired a new stake in APi Group in the fourth quarter valued at approximately $210,000. Western Wealth Management LLC bought a new stake in APi Group in the fourth quarter worth approximately $327,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of APi Group by 6.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,307,505 shares of the company’s stock worth $47,031,000 after buying an additional 80,757 shares during the last quarter. Hedge funds and other institutional investors own 86.62% 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.