Zurcher Kantonalbank Zurich Cantonalbank Sells 33,606 Shares of APi Group Co. (NYSE:APG)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,813 shares of the company's stock after selling 33,606 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in APi Group were worth $1,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Atria Investments Inc lifted its position in APi Group by 7.2% during the third quarter. Atria Investments Inc now owns 12,672 shares of the company's stock worth $418,000 after acquiring an additional 849 shares during the last quarter. KBC Group NV grew its position in shares of APi Group by 14.8% in the third quarter. KBC Group NV now owns 5,601 shares of the company's stock valued at $185,000 after purchasing an additional 721 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of APi Group by 23.3% in the third quarter. OneDigital Investment Advisors LLC now owns 7,516 shares of the company's stock valued at $248,000 after purchasing an additional 1,421 shares during the last quarter. Natixis Advisors LLC grew its position in shares of APi Group by 16.2% in the third quarter. Natixis Advisors LLC now owns 240,617 shares of the company's stock valued at $7,945,000 after purchasing an additional 33,630 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of APi Group by 4.0% in the third quarter. Swiss National Bank now owns 401,500 shares of the company's stock valued at $13,258,000 after purchasing an additional 15,600 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

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APi Group Price Performance

NYSE:APG traded down $0.43 during trading hours on Friday, reaching $37.14. 1,669,239 shares of the company were exchanged, compared to its average volume of 1,635,712. The company has a market capitalization of $10.31 billion, a P/E ratio of -18.85 and a beta of 1.54. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $41.31. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The business has a 50 day moving average of $37.79 and a 200 day moving average of $36.22.

Insiders Place Their Bets

In other APi Group 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 completion of the sale, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 18.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on APG shares. Robert W. Baird upped their target price on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research report on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, William Blair reissued an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, APi Group presently has an average rating of "Moderate Buy" and a consensus price target of $43.43.

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.