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

Carmel Capital Partners LLC grew its holdings in shares of APi Group Co. (NYSE:APG) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,562 shares of the company’s stock after buying an additional 4,714 shares during the quarter. APi Group makes up 0.9% of Carmel Capital Partners LLC’s portfolio, making the stock its 19th largest position. Carmel Capital Partners LLC’s holdings in APi Group were worth $2,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in shares of APi Group during the 3rd quarter worth about $26,000. Blue Trust Inc. increased its stake in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of APi Group during the 4th quarter worth about $34,000. Avior Wealth Management LLC acquired a new position in shares of APi Group during the 3rd quarter worth about $33,000. Finally, R Squared Ltd acquired a new position in shares of APi Group during the 4th quarter worth about $85,000. 86.62% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 18.20% of the company’s stock.

APi Group Stock Performance

Shares of NYSE:APG opened at $37.20 on Thursday. The company’s 50 day moving average price is $37.66 and its two-hundred day moving average price is $36.09. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $41.31. The firm has a market cap of $10.33 billion, a PE ratio of -18.88 and a beta of 1.54. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Analyst Ratings Changes

Several research firms have recently weighed in on APG. UBS Group lowered their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. Robert W. Baird upped 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. Truist Financial reiterated a “buy” rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Finally, Citigroup decreased their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

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.