Swiss National Bank Raises Holdings in APi Group Co. (NYSE:APG)

Swiss National Bank grew its position in shares of APi Group Co. (NYSE:APGGet Rating) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 382,800 shares of the company’s stock after purchasing an additional 11,000 shares during the period. Swiss National Bank’s holdings in APi Group were worth $5,731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Viking Global Investors LP grew its position in shares of APi Group by 0.4% during the first quarter. Viking Global Investors LP now owns 33,463,200 shares of the company’s stock valued at $703,731,000 after purchasing an additional 129,867 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of APi Group by 2.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,842,581 shares of the company’s stock valued at $132,372,000 after purchasing an additional 202,988 shares in the last quarter. State Street Corp grew its position in shares of APi Group by 5.2% during the first quarter. State Street Corp now owns 3,842,273 shares of the company’s stock valued at $80,803,000 after purchasing an additional 189,857 shares in the last quarter. Robeco Schweiz AG lifted its holdings in shares of APi Group by 3.5% in the 2nd quarter. Robeco Schweiz AG now owns 3,175,500 shares of the company’s stock valued at $47,537,000 after acquiring an additional 108,600 shares during the last quarter. Finally, ADW Capital Management LLC lifted its holdings in shares of APi Group by 1.9% in the 1st quarter. ADW Capital Management LLC now owns 3,100,000 shares of the company’s stock valued at $65,193,000 after acquiring an additional 57,000 shares during the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

APi Group Stock Down 1.4 %

Shares of NYSE APG opened at $18.70 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.62 and a quick ratio of 1.52. The company has a market cap of $4.37 billion, a P/E ratio of -26.34, a PEG ratio of 0.67 and a beta of 1.58. APi Group Co. has a 1 year low of $13.09 and a 1 year high of $26.84. The firm has a 50-day simple moving average of $15.79 and a two-hundred day simple moving average of $16.20.

APi Group (NYSE:APGGet Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.68 billion. APi Group had a net margin of 0.92% and a return on equity of 15.13%. The company’s quarterly revenue was up 65.7% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. Research analysts anticipate that APi Group Co. will post 1.31 earnings per share for the current year.

Insider Activity at APi Group

In other APi Group news, Director Anthony E. Malkin acquired 21,500 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were bought at an average cost of $15.10 per share, with a total value of $324,650.00. Following the completion of the acquisition, the director now directly owns 77,396 shares in the company, valued at approximately $1,168,679.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Anthony E. Malkin purchased 21,500 shares of the business’s stock in a transaction on Monday, September 19th. The shares were acquired at an average cost of $15.10 per share, with a total value of $324,650.00. Following the completion of the acquisition, the director now owns 77,396 shares of the company’s stock, valued at $1,168,679.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Anthony E. Malkin purchased 8,554 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was purchased at an average cost of $15.35 per share, for a total transaction of $131,303.90. Following the completion of the acquisition, the director now directly owns 53,757 shares of the company’s stock, valued at approximately $825,169.95. The disclosure for this purchase can be found here. Insiders have acquired a total of 31,792 shares of company stock valued at $482,592 over the last ninety days. 13.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APG. Barclays lowered their price target on shares of APi Group from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, October 3rd. TheStreet raised shares of APi Group from a “d+” rating to a “c-” rating in a research note on Thursday, November 3rd. UBS Group raised their price objective on shares of APi Group to $24.00 in a research note on Monday. Finally, Royal Bank of Canada raised their price objective 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and an average price target of $22.43.

APi Group Company Profile

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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.

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Institutional Ownership by Quarter for APi Group (NYSE:APG)

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