APi Group Co. (NYSE:APG) Short Interest Update

APi Group Co. (NYSE:APG) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 3,520,000 shares, a decrease of 9.0% from the January 15th total of 3,870,000 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

APG has been the subject of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Truist Financial initiated coverage on shares of APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price for the company. 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. Citigroup reduced 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, UBS Group reduced their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.88.

Institutional Trading of APi Group

Institutional investors have recently made changes to their positions in the stock. Advantage Alpha Capital Partners LP lifted its stake in shares of APi Group by 79.6% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after acquiring an additional 119,229 shares during the period. GSA Capital Partners LLP acquired a new stake in APi Group during the third quarter valued at approximately $881,000. Dynamic Technology Lab Private Ltd acquired a new stake in APi Group during the third quarter valued at approximately $2,586,000. Oppenheimer Asset Management Inc. lifted its stake in APi Group by 60.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after purchasing an additional 37,531 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in APi Group by 5,964.3% during the third quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock valued at $5,276,000 after purchasing an additional 157,159 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Price Performance

Shares of NYSE:APG traded down $0.03 during trading on Tuesday, reaching $37.48. The company had a trading volume of 937,746 shares, compared to its average volume of 1,111,201. The firm’s fifty day moving average is $37.34 and its 200 day moving average is $35.66. The firm has a market capitalization of $10.30 billion, a PE ratio of -19.02 and a beta of 1.55. APi Group has a twelve month low of $31.44 and a twelve month 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.

About APi Group

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.