APi Group Co. (NYSE:APG) is Cruiser Capital Advisors LLC’s 4th Largest Position

Cruiser Capital Advisors LLC grew its position in shares of APi Group Co. (NYSE:APG) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,494 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. APi Group comprises 3.3% of Cruiser Capital Advisors LLC’s portfolio, making the stock its 4th biggest position. Cruiser Capital Advisors LLC owned about 0.06% of APi Group worth $6,025,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of APG. Equitable Trust Co. lifted its stake in shares of APi Group by 1.7% during the fourth quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock worth $744,000 after purchasing an additional 351 shares in the last quarter. CIBC Asset Management Inc lifted its position in APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after acquiring an additional 370 shares in the last quarter. Blue Trust Inc. lifted its position in APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in APi Group by 3.9% in the 4th quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock worth $375,000 after acquiring an additional 389 shares during the period. Finally, First Horizon Advisors Inc. grew its position in APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after acquiring an additional 414 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Trading Up 3.5 %

Shares of NYSE APG opened at $38.43 on Tuesday. The stock has a market capitalization of $10.67 billion, a P/E ratio of -19.51 and a beta of 1.54. The stock’s 50 day moving average price is $37.85 and its two-hundred day moving average price is $36.29. 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 Co. has a 52-week low of $31.44 and a 52-week high of $41.31.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction 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 transaction, the director now owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on APG shares. Truist Financial restated a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Tuesday, January 14th. UBS Group dropped their price objective 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, Robert W. Baird increased their target price on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.43.

APi Group 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.