Union Bancaire Privee UBP SA Has $2.70 Million Stock Holdings in APi Group Corporation $APG

Union Bancaire Privee UBP SA increased its holdings in shares of APi Group Corporation (NYSE:APG) by 50.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 78,573 shares of the company’s stock after acquiring an additional 26,191 shares during the period. Union Bancaire Privee UBP SA’s holdings in APi Group were worth $2,701,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bridges Investment Management Inc. lifted its position in shares of APi Group by 15.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company’s stock valued at $3,605,000 after acquiring an additional 9,435 shares during the period. Rathbones Group PLC acquired a new stake in APi Group in the second quarter worth $2,094,000. Capital Investment Services of America Inc. increased its stake in APi Group by 5.4% in the second quarter. Capital Investment Services of America Inc. now owns 397,325 shares of the company’s stock valued at $20,283,000 after purchasing an additional 20,337 shares in the last quarter. Equitable Trust Co. raised its holdings in shares of APi Group by 60.5% during the second quarter. Equitable Trust Co. now owns 33,500 shares of the company’s stock valued at $1,710,000 after purchasing an additional 12,630 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of APi Group by 6.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,802 shares of the company’s stock worth $3,972,000 after purchasing an additional 4,919 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APG. Weiss Ratings restated a “hold (c)” rating on shares of APi Group in a research note on Monday, December 8th. CJS Securities raised APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Citigroup reaffirmed a “buy” rating and set a $45.00 target price (up from $43.00) on shares of APi Group in a research report on Monday, December 8th. Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Barclays boosted their price target on shares of APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

APi Group Stock Down 2.6%

Shares of NYSE:APG opened at $38.17 on Thursday. The business’s 50 day moving average is $36.91 and its 200 day moving average is $35.28. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $40.58. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 104.09 and a beta of 1.72. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business earned $0.51 EPS. The business’s revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the sale, the director owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 900,000 shares of company stock valued at $32,342,000. Corporate insiders own 17.00% of the company’s stock.

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.