Southernsun Asset Management LLC Has $6.66 Million Stock Holdings in APi Group Co. (NYSE:APG)

Southernsun Asset Management LLC grew its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 185,023 shares of the company's stock after purchasing an additional 19,045 shares during the period. APi Group makes up approximately 0.8% of Southernsun Asset Management LLC's investment portfolio, making the stock its 25th largest holding. Southernsun Asset Management LLC owned 0.07% of APi Group worth $6,655,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Susquehanna International Group LLP increased its holdings in shares of APi Group by 13.9% during the fourth quarter. Susquehanna International Group LLP now owns 453,005 shares of the company's stock valued at $16,295,000 after purchasing an additional 55,286 shares during the period. ClearAlpha Technologies LP increased its holdings in shares of APi Group by 14.0% during the fourth quarter. ClearAlpha Technologies LP now owns 8,476 shares of the company's stock valued at $305,000 after purchasing an additional 1,044 shares during the period. OneDigital Investment Advisors LLC increased its holdings in shares of APi Group by 12.5% during the fourth quarter. OneDigital Investment Advisors LLC now owns 8,454 shares of the company's stock valued at $304,000 after purchasing an additional 938 shares during the period. Natixis acquired a new position in shares of APi Group during the fourth quarter valued at $536,000. Finally, Capital Research Global Investors increased its holdings in shares of APi Group by 118.2% during the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock valued at $393,774,000 after purchasing an additional 5,931,314 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APG has been the topic of a number of research analyst reports. Robert W. Baird raised their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Truist Financial reaffirmed a "buy" rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Barclays lowered their target price on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Citigroup lowered their target price on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, UBS Group lowered their target price on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $43.14.

APi Group Trading Up 0.5 %

NYSE APG traded up $0.19 on Friday, hitting $37.47. 1,121,875 shares of the stock were exchanged, compared to its average volume of 1,658,101. The company's 50-day moving average price is $36.45 and its two-hundred day moving average price is $36.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 52-week low of $30.76 and a 52-week high of $41.31. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of -19.02 and a beta of 1.55.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.00% of the stock is currently owned by insiders.

About APi Group

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.