Carmel Capital Partners LLC Buys 4,714 Shares of APi Group Co. (NYSE:APG)

Carmel Capital Partners LLC boosted its stake in APi Group Co. (NYSE:APG) by 8.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 63,562 shares of the company’s stock after acquiring an additional 4,714 shares during the quarter. APi Group makes up about 0.9% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 19th biggest position. Carmel Capital Partners LLC’s holdings in APi Group were worth $2,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in APi Group in the 3rd quarter valued at approximately $26,000. Blue Trust Inc. raised its stake in shares of APi Group by 92.3% during 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 during the last quarter. Avior Wealth Management LLC bought a new position in shares of APi Group during the third quarter valued at $33,000. ORG Wealth Partners LLC bought a new position in shares of APi Group during the fourth quarter valued at $34,000. Finally, Strategic Financial Concepts LLC raised its stake in shares of APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after acquiring an additional 217,071 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on APG shares. Citigroup dropped their price target 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. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Tuesday, January 14th. UBS Group dropped their price target 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, February 18th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Robert W. Baird raised their price target on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. One 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 has an average rating of “Moderate Buy” and an average target price of $44.00.

APi Group Trading Up 1.1 %

NYSE:APG opened at $37.20 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of -18.88 and a beta of 1.54. The firm has a fifty day simple moving average of $37.66 and a two-hundred day simple moving average of $36.09. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $41.31.

APi Group Company 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.