Rice Hall James & Associates LLC Sells 986 Shares of APi Group Co. (NYSE:APG)

Rice Hall James & Associates LLC cut its stake in shares of APi Group Co. (NYSE:APG) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 103,873 shares of the company’s stock after selling 986 shares during the period. Rice Hall James & Associates LLC’s holdings in APi Group were worth $3,736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of APG. SG Americas Securities LLC bought a new stake in shares of APi Group during the third quarter valued at about $165,000. Raymond James & Associates increased its position in shares of APi Group by 20.2% during the third quarter. Raymond James & Associates now owns 173,774 shares of the company’s stock valued at $5,738,000 after buying an additional 29,175 shares during the period. Lecap Asset Management Ltd. bought a new stake in shares of APi Group during the third quarter valued at about $943,000. Assenagon Asset Management S.A. increased its position in shares of APi Group by 412.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock valued at $34,474,000 after buying an additional 840,452 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in shares of APi Group by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 72,493 shares of the company’s stock valued at $2,394,000 after buying an additional 1,095 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on APG shares. UBS Group decreased their price target on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday. Robert W. Baird upped their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Royal Bank of Canada upgraded shares of 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. Barclays upped their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.88.

APi Group Stock Down 0.1 %

Shares of APG opened at $37.48 on Wednesday. The firm has a market cap of $10.30 billion, a P/E ratio of -19.02 and a beta of 1.55. The stock has a 50 day simple moving average of $37.31 and a two-hundred day simple moving average of $35.68. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $40.89.

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.