APi Group Co. (NYSE:APG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in APi Group Co. (NYSE:APG) by 6.5% in the fourth quarter, HoldingsChannel reports. The firm owned 93,165 shares of the company’s stock after selling 6,500 shares during the quarter. New York State Common Retirement Fund’s holdings in APi Group were worth $3,351,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. acquired a new position in shares of APi Group in the third quarter worth $26,000. Blue Trust Inc. raised its stake in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after acquiring an additional 386 shares in the last quarter. Avior Wealth Management LLC purchased a new position in APi Group in the third quarter valued at $33,000. ORG Wealth Partners LLC acquired a new position in APi Group during the 4th quarter worth $34,000. Finally, Strategic Financial Concepts LLC raised its position in APi Group by 2,058.1% in 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. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Trading Up 1.3 %

NYSE APG opened at $39.20 on Friday. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $41.31. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of -19.90 and a beta of 1.55. 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 firm’s fifty day moving average price is $37.63 and its 200 day moving average price is $36.02.

Analysts Set New Price Targets

APG has been the subject of a number of analyst reports. Truist Financial reissued a “buy” rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research report on Thursday. UBS Group lowered their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Citigroup lowered their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, 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 note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

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.