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

Swiss National Bank grew its stake in shares of APi Group Co. (NYSE:APG) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 405,200 shares of the company’s stock after buying an additional 3,700 shares during the period. Swiss National Bank’s holdings in APi Group were worth $14,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC grew its stake in APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock valued at $277,079,000 after acquiring an additional 1,351,013 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of APi Group by 3.4% in the fourth quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company’s stock worth $144,627,000 after purchasing an additional 132,713 shares during the period. Geode Capital Management LLC raised its position in shares of APi Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after buying an additional 106,119 shares in the last quarter. State Street Corp grew its position in APi Group by 3.7% during the third quarter. State Street Corp now owns 3,723,241 shares of the company’s stock worth $122,941,000 after buying an additional 132,971 shares in the last quarter. Finally, GW&K Investment Management LLC increased its stake in APi Group by 19.7% in the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company’s stock worth $94,652,000 after acquiring an additional 432,926 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.20% of the stock is owned by corporate insiders.

APi Group Stock Up 1.9 %

Shares of NYSE:APG opened at $37.81 on Thursday. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $41.31. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock’s 50-day moving average price is $37.74 and its 200-day moving average price is $36.20. The stock has a market capitalization of $10.49 billion, a P/E ratio of -19.19 and a beta of 1.54.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on APG shares. Citigroup cut their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Robert W. Baird boosted their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Tuesday, January 14th. UBS Group cut their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.43.

About APi Group

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.