Cruiser Capital Advisors LLC Buys 1,000 Shares of APi Group Co. (NYSE:APG)

Cruiser Capital Advisors LLC boosted its stake in shares of APi Group Co. (NYSE:APG) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,494 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. APi Group makes up approximately 3.3% of Cruiser Capital Advisors LLC’s holdings, making the stock its 4th largest position. Cruiser Capital Advisors LLC’s holdings in APi Group were worth $6,025,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in shares of APi Group in the 3rd quarter worth about $26,000. Blue Trust Inc. grew its position 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 during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of APi Group in the fourth quarter valued at approximately $34,000. Avior Wealth Management LLC bought a new stake in shares of APi Group during the third quarter valued at approximately $33,000. Finally, R Squared Ltd acquired a new position in shares of APi Group during the fourth quarter worth approximately $85,000. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

NYSE:APG opened at $38.43 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The business’s 50-day moving average price is $37.85 and its 200 day moving average price is $36.29. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $41.31. The firm has a market cap of $10.67 billion, a P/E ratio of -19.51 and a beta of 1.54.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APG. UBS Group cut their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. Robert W. Baird upped their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Citigroup reduced their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.43.

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the business’s 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 sale, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 18.20% of the company’s stock.

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.