D.A. Davidson & CO. Sells 18,786 Shares of APi Group Co. (NYSE:APG)

D.A. Davidson & CO. decreased its position in shares of APi Group Co. (NYSE:APG) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,514 shares of the company’s stock after selling 18,786 shares during the quarter. D.A. Davidson & CO.’s holdings in APi Group were worth $2,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. purchased a new position in shares of APi Group during the third quarter valued at approximately $26,000. 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. Avior Wealth Management LLC purchased a new position in shares of APi Group during the third quarter valued at approximately $33,000. ORG Wealth Partners LLC purchased a new position in shares of APi Group during the fourth quarter valued at approximately $34,000. Finally, Strategic Financial Concepts LLC boosted its position in shares of APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after buying an additional 217,071 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Down 2.5 %

Shares of NYSE APG opened at $39.86 on Friday. APi Group Co. has a one year low of $31.44 and a one year high of $41.31. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The business’s fifty day moving average price is $37.42 and its 200-day moving average price is $35.80. The stock has a market capitalization of $10.95 billion, a PE ratio of -20.23 and a beta of 1.55.

Analyst Upgrades and Downgrades

APG has been the topic of several analyst reports. Barclays lifted their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Truist Financial assumed coverage on APi Group in a research report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price on the stock. Citigroup cut their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. 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 report on Tuesday. Finally, Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.88.

About APi Group

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.