APi Group Co. (NYSE:APG) Short Interest Update

APi Group Co. (NYSE:APG – Get Rating) saw a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 4,650,000 shares, a growth of 7.1% from the December 15th total of 4,340,000 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily volume of 803,400 shares, the short-interest ratio is currently 5.8 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of APi Group from $19.00 to $22.00 in a research note on Thursday, December 1st. Citigroup boosted their price target on APi Group from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, December 9th. UBS Group increased their target price on shares of APi Group to $24.00 in a report on Monday, November 21st. TheStreet raised shares of APi Group from a “c+” rating to a “b” rating in a research note on Friday, November 25th. Finally, Royal Bank of Canada boosted their target price on shares of APi Group from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, November 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, APi Group currently has an average rating of “Moderate Buy” and a consensus target price of $21.67.

APi Group Stock Performance

NYSE APG opened at $20.80 on Wednesday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of -29.30, a PEG ratio of 0.72 and a beta of 1.56. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 1.29. APi Group has a twelve month low of $13.09 and a twelve month high of $22.65. The stock has a fifty day simple moving average of $19.05 and a 200 day simple moving average of $17.04.

APi Group (NYSE:APG – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. APi Group had a return on equity of 15.13% and a net margin of 0.92%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was up 65.7% compared to the same quarter last year. Sell-side analysts expect that APi Group will post 1.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in APi Group by 4.3% during the first quarter. JPMorgan Chase & Co. now owns 207,347 shares of the company’s stock worth $4,360,000 after buying an additional 8,460 shares during the last quarter. US Bancorp DE raised its position in shares of APi Group by 8.0% in the 1st quarter. US Bancorp DE now owns 12,978 shares of the company’s stock worth $273,000 after acquiring an additional 965 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of APi Group by 1,075.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company’s stock valued at $61,000 after purchasing an additional 2,666 shares during the period. AlphaCrest Capital Management LLC grew its stake in APi Group by 24.1% during the first quarter. AlphaCrest Capital Management LLC now owns 16,374 shares of the company’s stock worth $344,000 after purchasing an additional 3,180 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in APi Group by 57.0% in the first quarter. MetLife Investment Management LLC now owns 107,748 shares of the company’s stock worth $2,266,000 after purchasing an additional 39,118 shares in the last quarter. Institutional investors and hedge funds own 72.84% of the company’s stock.

About APi Group

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APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.