Short Interest in APi Group Corporation (NYSE:APG) Declines By 14.5%

APi Group Corporation (NYSE:APG) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 6,756,349 shares, a decrease of 14.5% from the February 12th total of 7,898,864 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 3,141,921 shares, the short-interest ratio is currently 2.2 days. Based on an average trading volume of 3,141,921 shares, the short-interest ratio is currently 2.2 days. Approximately 1.9% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on APi Group from $44.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. Royal Bank Of Canada increased their target price on shares of APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Citigroup lifted their price target on shares of APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, UBS Group boosted their price objective on shares of APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.57.

APi Group Price Performance

Shares of NYSE APG opened at $39.89 on Monday. The company has a market capitalization of $17.21 billion, a price-to-earnings ratio of -52.72, a PEG ratio of 2.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 1.43. APi Group has a 1-year low of $20.50 and a 1-year high of $46.89. The business has a 50-day moving average of $42.86 and a 200-day moving average of $38.76.

APi Group (NYSE:APG) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. APi Group had a return on equity of 37.92% and a net margin of 3.70%.The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $0.51 EPS. APi Group’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities analysts anticipate that APi Group will post 1.83 EPS for the current fiscal year.

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 114,409 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $43.12, for a total value of $4,933,316.08. Following the sale, the director directly owned 10,633,830 shares of the company’s stock, valued at approximately $458,530,749.60. This trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Lillie sold 100,888 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $44.30, for a total transaction of $4,469,338.40. Following the completion of the sale, the director owned 9,706,462 shares of the company’s stock, valued at approximately $429,996,266.60. The trade was a 1.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 682,000 shares of company stock worth $29,693,385 in the last three months. Company insiders own 17.00% of the company’s stock.

Hedge Funds Weigh In On APi Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APG. Sound Income Strategies LLC purchased a new stake in shares of APi Group during the fourth quarter worth about $27,000. Clearstead Advisors LLC increased its holdings in APi Group by 105.7% during the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after purchasing an additional 427 shares during the last quarter. Silicon Valley Capital Partners raised its position in shares of APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after purchasing an additional 286 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after buying an additional 297 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of APi Group by 1,851.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock valued at $29,000 after buying an additional 722 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

About APi Group

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.