Swiss National Bank Has $14.58 Million Stock Position in APi Group Co. (NYSE:APG)

Swiss National Bank increased its position in APi Group Co. (NYSE:APG) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,200 shares of the company’s stock after buying an additional 3,700 shares during the period. Swiss National Bank owned 0.15% of APi Group worth $14,575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in APi Group during the 3rd quarter valued at $26,000. Blue Trust Inc. increased its position in shares of APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in shares of APi Group in the 3rd quarter worth about $33,000. ORG Wealth Partners LLC bought a new position in APi Group in the 4th quarter valued at about $34,000. Finally, Strategic Financial Concepts LLC boosted its stake in APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after purchasing an additional 217,071 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

APG has been the topic of a number of recent research reports. Truist Financial restated a “buy” rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. Robert W. Baird raised their price target on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Citigroup reduced their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average target price of $43.43.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 18.20% of the stock is owned by corporate insiders.

APi Group Stock Up 1.9 %

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

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.