Southernsun Asset Management LLC Takes Position in APi Group Co. (NYSE:APG)

Southernsun Asset Management LLC acquired a new stake in APi Group Co. (NYSE:APG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 165,978 shares of the company's stock, valued at approximately $5,481,000. APi Group accounts for 0.6% of Southernsun Asset Management LLC's portfolio, making the stock its 25th biggest holding. Southernsun Asset Management LLC owned about 0.06% of APi Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new stake in shares of APi Group during the third quarter valued at approximately $26,000. Avior Wealth Management LLC bought a new position in shares of APi Group in the third quarter worth approximately $33,000. J.Safra Asset Management Corp raised its holdings in APi Group by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock worth $79,000 after acquiring an additional 373 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in APi Group in the 2nd quarter worth about $132,000. Finally, Strategic Financial Concepts LLC raised its position in APi Group by 3,622.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company's stock worth $148,000 after buying an additional 382,012 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APG. William Blair reiterated an "outperform" rating on shares of APi Group in a research report on Thursday. Robert W. Baird raised their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 26th. Royal Bank of Canada reissued a "sector perform" rating and issued a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Finally, Barclays upped their target price on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.71.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the sale, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by company insiders.

APi Group Stock Down 0.3 %

APG traded down $0.13 during trading on Friday, hitting $38.58. The stock had a trading volume of 522,925 shares, compared to its average volume of 1,686,618. The stock has a 50 day simple moving average of $35.01 and a two-hundred day simple moving average of $35.60. The company has a market capitalization of $10.60 billion, a PE ratio of -19.65 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a twelve month low of $30.15 and a twelve month high of $40.89.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. On average, research analysts predict that APi Group Co. will post 1.86 earnings per share for the current year.

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.