Zurcher Kantonalbank Zurich Cantonalbank Acquires 36,750 Shares of APi Group Co. (NYSE:APG)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in APi Group Co. (NYSE:APG - Free Report) by 106.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,419 shares of the company's stock after purchasing an additional 36,750 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in APi Group were worth $2,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in shares of APi Group in the 3rd quarter valued at approximately $26,000. Avior Wealth Management LLC acquired a new position in shares of APi Group in the 3rd quarter valued at approximately $33,000. J.Safra Asset Management Corp raised its position in shares of APi Group by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock valued at $79,000 after buying an additional 373 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of APi Group in the 2nd quarter valued at approximately $132,000. Finally, SG Americas Securities LLC acquired a new position in shares of APi Group in the 3rd quarter valued at approximately $165,000. Institutional investors and hedge funds own 86.62% of the company's stock.

APi Group Trading Up 2.5 %

NYSE APG traded up $0.93 on Wednesday, hitting $38.58. The company's stock had a trading volume of 429,834 shares, compared to its average volume of 1,686,902. 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 1-year low of $29.98 and a 1-year high of $39.98. The company's 50-day moving average is $34.80 and its 200 day moving average is $35.56. The firm has a market cap of $10.60 billion, a PE ratio of -19.11 and a beta of 1.55.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the prior year, the company posted $0.48 EPS. The company's revenue was up 2.4% on a year-over-year basis. As a group, analysts predict that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APG has been the subject of several analyst reports. Barclays boosted their target price on shares of APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their price target on shares of APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.71.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares of the company's stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company's stock.

APi Group 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.