Jag Capital Management LLC Sells 5,120 Shares of APi Group Co. (NYSE:APG)

Jag Capital Management LLC cut its position in APi Group Co. (NYSE:APG) by 42.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,883 shares of the company’s stock after selling 5,120 shares during the quarter. Jag Capital Management LLC’s holdings in APi Group were worth $248,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new position in APi Group in the third quarter valued at about $26,000. Blue Trust Inc. raised its position in shares of 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 acquiring an additional 386 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of APi Group during the fourth quarter worth about $34,000. Avior Wealth Management LLC bought a new position in shares of APi Group during the third quarter worth about $33,000. Finally, R Squared Ltd bought a new position in shares of APi Group during the fourth quarter worth about $85,000. 86.62% of the stock is currently owned by institutional investors.

APi Group Trading Down 5.0 %

NYSE APG opened at $37.29 on Tuesday. The business has a 50 day simple moving average of $37.64 and a 200 day simple moving average of $36.07. APi Group Co. has a one year low of $31.44 and a one year high of $41.31. The stock has a market capitalization of $10.25 billion, a P/E ratio of -18.93 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.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of analyst reports. Truist Financial restated 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, February 27th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. Citigroup lowered their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. UBS Group decreased 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. Finally, Barclays raised their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

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.