APi Group Co. (NYSE:APG) Short Interest Down 9.0% in January

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APG. UBS Group dropped 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 report on Tuesday. William Blair reissued an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Robert W. Baird lifted their target price on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Truist Financial assumed coverage on APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price target for the company. Finally, Barclays lifted their price objective 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.88.

APi Group Stock Performance

NYSE:APG opened at $37.48 on Wednesday. The firm has a market capitalization of $10.30 billion, a PE ratio of -19.02 and a beta of 1.55. The stock’s fifty day moving average is $37.31 and its 200 day moving average is $35.68. APi Group has a fifty-two week low of $31.44 and a fifty-two week 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.

Institutional Investors Weigh In On APi Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new position in APi Group during the 3rd quarter valued at about $26,000. Blue Trust Inc. boosted 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 valued at $27,000 after buying an additional 386 shares during the period. ORG Wealth Partners LLC bought a new position in shares of APi Group during the fourth quarter valued at approximately $34,000. Avior Wealth Management LLC purchased a new stake in shares of APi Group in the third quarter worth approximately $33,000. Finally, R Squared Ltd bought a new stake in shares of APi Group during the 4th quarter worth approximately $85,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.