Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in APi Group Co. (NYSE:APG)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of APi Group Co. (NYSE:APG) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,638 shares of the company’s stock after purchasing an additional 2,538 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in APi Group were worth $1,025,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in APi Group by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 18,860,384 shares of the company’s stock worth $489,050,000 after purchasing an additional 167,293 shares during the period. Findlay Park Partners LLP increased its holdings in APi Group by 225.7% during the 3rd quarter. Findlay Park Partners LLP now owns 3,832,820 shares of the company’s stock worth $99,385,000 after purchasing an additional 2,656,158 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in APi Group by 33.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,654,130 shares of the company’s stock worth $68,822,000 after purchasing an additional 666,655 shares during the period. Northern Trust Corp increased its holdings in APi Group by 0.8% during the 3rd quarter. Northern Trust Corp now owns 2,546,016 shares of the company’s stock worth $66,018,000 after purchasing an additional 20,542 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in APi Group by 79.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 1,619,010 shares of the company’s stock worth $41,981,000 after purchasing an additional 718,071 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Activity at APi Group

In related news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the sale, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other APi Group news, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the completion of the sale, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 125,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the sale, the director now directly owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

APi Group Stock Up 1.1 %

Shares of NYSE APG opened at $38.09 on Friday. The stock has a market cap of $9.97 billion, a PE ratio of -50.12, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. APi Group Co. has a 52-week low of $21.65 and a 52-week high of $39.98. The business has a 50-day moving average price of $37.90 and a 200 day moving average price of $33.17.

APi Group (NYSE:APG) last announced its earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.76 billion. APi Group had a return on equity of 20.24% and a net margin of 2.21%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. Equities research analysts forecast that APi Group Co. will post 1.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

APG has been the topic of several recent research reports. Barclays upped their price target on APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Royal Bank of Canada upped their price objective on APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Monday, April 8th. Jefferies Financial Group started coverage on APi Group in a research report on Friday, March 15th. They set a “buy” rating and a $48.00 price objective for the company. Citigroup upped their price objective on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, TheStreet cut APi Group from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.29.

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.