Dynasty Wealth Management LLC Has $503,000 Stock Holdings in APi Group Co. (NYSE:APG)

Dynasty Wealth Management LLC lifted its stake in APi Group Co. (NYSE:APG) by 4.4% during the fourth quarter, HoldingsChannel reports. The fund owned 13,979 shares of the company’s stock after purchasing an additional 586 shares during the quarter. Dynasty Wealth Management LLC’s holdings in APi Group were worth $503,000 as of its most recent SEC filing.

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

APi Group Trading Up 1.3 %

Shares of APi Group stock opened at $39.20 on Friday. The company’s fifty day simple moving average is $37.63 and its 200-day simple moving average is $36.02. The company has a market cap of $10.77 billion, a price-to-earnings ratio of -19.90 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31.

Wall Street Analyst Weigh In

Several research firms have commented on APG. UBS Group lowered their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Barclays increased their price objective on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird increased their price target on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup lowered their price target on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, 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 on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.00.

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.