JNBA Financial Advisors Decreases Position in APi Group Co. (NYSE:APG)

JNBA Financial Advisors decreased its stake in APi Group Co. (NYSE:APG) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 322,850 shares of the company’s stock after selling 10,000 shares during the quarter. APi Group comprises 1.2% of JNBA Financial Advisors’ portfolio, making the stock its 17th biggest holding. JNBA Financial Advisors owned about 0.12% of APi Group worth $11,613,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of APG. First Horizon Advisors Inc. bought a new position in APi Group during the 3rd quarter valued at about $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 period. Avior Wealth Management LLC bought a new position in shares of APi Group during the third quarter valued at approximately $33,000. ORG Wealth Partners LLC purchased a new stake in shares of APi Group in the fourth quarter worth approximately $34,000. Finally, Strategic Financial Concepts LLC raised its holdings in shares of APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after buying an additional 217,071 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

NYSE APG opened at $37.53 on Friday. The company has a market cap of $10.31 billion, a PE ratio of -19.05 and a beta of 1.55. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $40.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm’s 50 day moving average price is $37.37 and its 200-day moving average price is $35.67.

Analyst Upgrades and Downgrades

APG has been the topic of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada raised shares of 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. Truist Financial initiated coverage on shares of APi Group in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 price target on the stock. Citigroup lowered their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Barclays upped their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.38.

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.