Union Bancaire Privee UBP SA Acquires 26,191 Shares of APi Group Corporation $APG

by · The Markets Daily

Union Bancaire Privee UBP SA lifted its holdings in shares of APi Group Corporation (NYSE:APG – Free Report) by 50.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,573 shares of the company’s stock after buying an additional 26,191 shares during the period. Union Bancaire Privee UBP SA’s holdings in APi Group were worth $2,701,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Bares Capital Management Inc. acquired a new position in APi Group during the second quarter worth about $30,000. SVB Wealth LLC acquired a new stake in shares of APi Group in the 1st quarter valued at approximately $38,000. EverSource Wealth Advisors LLC grew its holdings in shares of APi Group by 547.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock valued at $65,000 after purchasing an additional 1,078 shares during the last quarter. Ulland Investment Advisors LLC increased its position in APi Group by 41.5% during the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $77,000 after purchasing an additional 440 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in APi Group in the 2nd quarter valued at approximately $98,000. 86.62% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Martin E. Franklin sold 340,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. The trade was a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 900,000 shares of company stock valued at $32,342,000. 17.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays boosted their target price on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. CJS Securities upgraded APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Citigroup reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $43.00) on shares of APi Group in a report on Monday, December 8th. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.81.

Get Our Latest Research Report on APi Group

APi Group Stock Down 2.6%

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

APi Group (NYSE:APG – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, analysts anticipate that APi Group Corporation will post 1.83 EPS for the current year.

APi Group Company Profile

(Free Report)

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.

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