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

D.A. Davidson & CO. trimmed its stake in shares of APi Group Co. (NYSE:APG) by 19.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APG. Janus Henderson Group PLC increased its stake in APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after acquiring an additional 1,351,013 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in APi Group by 412.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock worth $34,474,000 after acquiring an additional 840,452 shares during the last quarter. Two Sigma Advisers LP increased its stake in APi Group by 124.7% in the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the company’s stock worth $29,540,000 after acquiring an additional 496,500 shares during the last quarter. Progeny 3 Inc. increased its stake in APi Group by 24.2% in the 3rd quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company’s stock worth $75,881,000 after acquiring an additional 447,200 shares during the last quarter. Finally, Swedbank AB increased its stake in APi Group by 18.8% in the 3rd quarter. Swedbank AB now owns 2,209,000 shares of the company’s stock worth $72,941,000 after acquiring an additional 349,000 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

APG opened at $39.86 on Friday. The stock’s 50 day simple moving average is $37.42 and its 200 day simple moving average is $35.80. 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 $41.31. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of -20.23 and a beta of 1.55.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group decreased their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday. Robert W. Baird upped their target price on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Truist Financial initiated coverage on APi Group in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. 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 report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

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.