Southernsun Asset Management LLC Acquires 19,045 Shares of APi Group Co. (NYSE:APG)

Southernsun Asset Management LLC grew its stake in APi Group Co. (NYSE:APG) by 11.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 185,023 shares of the company’s stock after purchasing an additional 19,045 shares during the quarter. APi Group makes up 0.8% of Southernsun Asset Management LLC’s holdings, making the stock its 25th largest holding. Southernsun Asset Management LLC’s holdings in APi Group were worth $6,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors boosted its holdings in shares of APi Group by 118.2% in the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock valued at $393,774,000 after buying an additional 5,931,314 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of APi Group in the 4th quarter valued at about $125,407,000. Norges Bank acquired a new position in shares of APi Group during the 4th quarter worth about $98,028,000. Handelsbanken Fonder AB lifted its stake in APi Group by 1,106.9% in the 4th quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company’s stock valued at $23,140,000 after purchasing an additional 590,000 shares during the last quarter. Finally, GW&K Investment Management LLC grew its holdings in APi Group by 19.7% during the fourth quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company’s stock worth $94,652,000 after purchasing an additional 432,926 shares during the period. Institutional investors own 86.62% of the company’s stock.

Insider Activity at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 17.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

APG has been the topic of several research reports. Citigroup decreased their price objective on shares of APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Tuesday, January 14th. Robert W. Baird increased their price objective on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. UBS Group decreased their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Truist Financial reissued a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.14.

APi Group Stock Performance

Shares of APG stock opened at $33.74 on Tuesday. APi Group Co. has a 12 month low of $30.76 and a 12 month high of $41.31. The firm has a market capitalization of $9.32 billion, a PE ratio of -17.13 and a beta of 1.55. The firm has a fifty day simple moving average of $36.54 and a two-hundred day simple moving average of $36.46. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

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.