Pictet Asset Management SA Buys 4,211 Shares of APi Group Co. (NYSE:APG)

Pictet Asset Management SA lifted its stake in shares of APi Group Co. (NYSE:APG) by 24.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,744 shares of the company’s stock after acquiring an additional 4,211 shares during the quarter. Pictet Asset Management SA’s holdings in APi Group were worth $489,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP boosted its stake in shares of APi Group by 386.6% during the 2nd quarter. Quantbot Technologies LP now owns 2,360 shares of the company’s stock worth $35,000 after acquiring an additional 1,875 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of APi Group by 52.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,969 shares of the company’s stock worth $56,000 after purchasing an additional 1,019 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of APi Group by 1,075.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company’s stock worth $61,000 after purchasing an additional 2,666 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of APi Group by 541.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,472 shares of the company’s stock worth $73,000 after purchasing an additional 2,931 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of APi Group by 12.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,929 shares of the company’s stock worth $79,000 after purchasing an additional 637 shares during the last quarter. Institutional investors own 83.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays boosted their price objective on APi Group from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Royal Bank of Canada boosted their price objective on APi Group from $25.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Friday, August 4th. Robert W. Baird boosted their price objective on APi Group from $29.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, Citigroup upped their price target on APi Group from $28.00 to $32.00 in a report on Monday, July 10th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.00.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 57,580 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $22.62, for a total value of $1,302,459.60. Following the completion of the transaction, the director now directly owns 4,500,052 shares of the company’s stock, valued at approximately $101,791,176.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director James E. Lillie sold 57,580 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $22.62, for a total value of $1,302,459.60. Following the completion of the transaction, the director now directly owns 4,500,052 shares of the company’s stock, valued at approximately $101,791,176.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Juno Holdings L.P. Fd sold 2,598,609 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $27.80, for a total value of $72,241,330.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,762,875 shares of company stock valued at $76,456,918. Corporate insiders own 16.40% of the company’s stock.

APi Group Trading Up 0.4 %

APi Group stock opened at $27.59 on Tuesday. The business has a 50 day moving average price of $27.64 and a two-hundred day moving average price of $24.33. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 1.15. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 102.19, a price-to-earnings-growth ratio of 1.03 and a beta of 1.59. APi Group Co. has a 12 month low of $13.09 and a 12 month high of $29.57.

APi Group (NYSE:APG) last issued its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. APi Group had a return on equity of 17.35% and a net margin of 1.66%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the firm posted $0.37 EPS. APi Group’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts forecast that APi Group Co. will post 1.51 EPS for the current year.

APi Group Profile

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, the Asian-Pacific, and other countries. It operates through Safety Services and Specialty Services segments. 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, and inspection and service of these integrated systems.