J.Safra Asset Management Corp Purchases 4,526 Shares of APi Group Co. (NYSE:APG)

J.Safra Asset Management Corp grew its position in APi Group Co. (NYSE:APG) by 215.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,630 shares of the company’s stock after acquiring an additional 4,526 shares during the period. J.Safra Asset Management Corp’s holdings in APi Group were worth $239,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. bought a new position in shares of APi Group in the third quarter worth approximately $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 worth $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 worth $33,000. ORG Wealth Partners LLC bought a new position in shares of APi Group during the fourth quarter worth $34,000. Finally, Strategic Financial Concepts LLC boosted its position 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 worth $82,000 after acquiring an additional 217,071 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APG has been the subject of a number of research reports. Barclays upped their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Tuesday, January 14th. Robert W. Baird upped their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Citigroup dropped their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

APi Group Price Performance

NYSE:APG opened at $37.03 on Wednesday. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of -18.79 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. The business has a 50 day simple moving average of $37.65 and a 200-day simple moving average of $36.09. APi Group Co. has a 1 year low of $31.44 and a 1 year 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.