Southernsun Asset Management LLC increased its holdings in APi Group Co. (NYSE:APG - Free Report) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.8% of Southernsun Asset Management LLC's holdings, making the stock its 25th largest holding. Southernsun Asset Management LLC owned about 0.07% of APi Group worth $6,655,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Equitable Trust Co. increased its stake in shares of APi Group by 1.7% in the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock worth $744,000 after acquiring an additional 351 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of APi Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock worth $265,000 after purchasing an additional 370 shares during the last quarter. Blue Trust Inc. boosted its stake in APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after purchasing an additional 386 shares in the last quarter. EntryPoint Capital LLC grew its position in APi Group by 3.9% during the 4th quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock valued at $375,000 after purchasing an additional 389 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 86.62% of the company's stock.
Insider Transactions at APi Group
In other 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 17.00% of the company's stock.
Wall Street Analyst Weigh In
APG has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Barclays decreased their target price on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a report on Tuesday, January 14th. UBS Group lowered their price target on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, Citigroup cut their target price on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.14.
Get Our Latest Stock Report on APi Group
APi Group Stock Performance
APG traded up $1.26 during trading on Thursday, hitting $37.27. 1,313,326 shares of the stock were exchanged, compared to its average volume of 1,657,137. The firm has a market capitalization of $10.29 billion, a P/E ratio of -18.92 and a beta of 1.55. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31. The stock has a fifty day moving average price of $36.45 and a two-hundred day moving average price of $36.49. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.
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.
Featured Stories
Before you consider APi Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APi Group wasn't on the list.
While APi Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
