Tower Research Capital LLC TRC Decreases Stock Holdings in APi Group Co. (NYSE:APG)

Tower Research Capital LLC TRC reduced its holdings in shares of APi Group Co. (NYSE:APG) by 73.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,389 shares of the company’s stock after selling 39,534 shares during the quarter. Tower Research Capital LLC TRC’s holdings in APi Group were worth $518,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of APi Group during the fourth quarter worth $34,000. First Horizon Advisors Inc. boosted its stake in shares of APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 414 shares during the period. Strategic Financial Concepts LLC grew its holdings in 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 purchasing an additional 217,071 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in APi Group during the 4th quarter worth $85,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on APG shares. Barclays lowered their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. 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. UBS Group lowered their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Robert W. Baird raised their target price on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Citigroup decreased their price target on APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.14.

APi Group Stock Down 0.2 %

NYSE:APG opened at $37.36 on Tuesday. 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 stock has a 50-day simple moving average of $36.39 and a 200 day simple moving average of $36.61. APi Group Co. has a one year low of $30.76 and a one year high of $41.31. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of -18.96 and a beta of 1.55.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value 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 $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 17.00% of the stock is currently owned by insiders.

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.