Swiss National Bank Acquires 15,600 Shares of APi Group Co. (NYSE:APG)

Swiss National Bank lifted its stake in shares of APi Group Co. (NYSE:APG) by 4.0% during the third quarter, Holdings Channel reports. The fund owned 401,500 shares of the company’s stock after buying an additional 15,600 shares during the quarter. Swiss National Bank’s holdings in APi Group were worth $13,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Swedbank AB grew its stake in shares of APi Group by 21.1% in the 2nd quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock worth $69,992,000 after acquiring an additional 324,000 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in APi Group by 192.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after buying an additional 35,520 shares in the last quarter. GSA Capital Partners LLP bought a new stake in APi Group during the 3rd quarter worth approximately $881,000. Tidal Investments LLC grew its position in APi Group by 60.0% during the first quarter. Tidal Investments LLC now owns 40,712 shares of the company’s stock worth $1,599,000 after buying an additional 15,265 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of APi Group by 60.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after acquiring an additional 37,531 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the transaction, the senior vice president now owns 2,421 shares in the company, valued at approximately $87,252.84. This trade represents a 70.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,115 shares of company stock valued at $2,618,569. 18.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Finally, Robert W. Baird lowered their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group Trading Up 0.0 %

Shares of APG stock opened at $37.01 on Friday. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of -18.79 and a beta of 1.54. The stock’s 50-day moving average price is $34.38 and its 200-day moving average price is $35.53. 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 12-month low of $29.75 and a 12-month high of $39.98.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business posted $0.48 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts predict that APi Group Co. will post 1.86 EPS for the current fiscal year.

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.