ClearAlpha Technologies LP Buys 1,044 Shares of APi Group Co. (NYSE:APG)

ClearAlpha Technologies LP grew its stake in shares of APi Group Co. (NYSE:APG) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,476 shares of the company’s stock after buying an additional 1,044 shares during the period. ClearAlpha Technologies LP’s holdings in APi Group were worth $305,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of APG. Blue Trust Inc. increased its holdings in 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 acquiring an additional 386 shares during the period. ORG Wealth Partners LLC bought a new position in APi Group in the 4th quarter worth about $34,000. First Horizon Advisors Inc. raised its holdings in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after acquiring an additional 414 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in shares of APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after acquiring an additional 217,071 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of APi Group during the fourth quarter worth about $85,000. 86.62% of the stock is currently owned by institutional investors.

APi Group Stock Performance

Shares of NYSE APG opened at $34.85 on Monday. The company has a market cap of $9.63 billion, a PE ratio of -17.69 and a beta of 1.55. The firm’s 50-day moving average price is $36.61 and its 200-day moving average price is $36.45. APi Group Co. has a 52-week low of $30.76 and a 52-week high of $41.31. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Insider Buying and Selling

In related news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on APG. UBS Group dropped their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. 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 report on Tuesday, January 14th. Barclays cut their price objective on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Finally, Robert W. Baird boosted their target price on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.14.

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.