Schechter Investment Advisors LLC Acquires 28,724 Shares of APi Group Co. (NYSE:APG)

Schechter Investment Advisors LLC lifted its position in shares of APi Group Co. (NYSE:APG) by 400.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,890 shares of the company’s stock after purchasing an additional 28,724 shares during the period. Schechter Investment Advisors LLC’s holdings in APi Group were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advantage Alpha Capital Partners LP grew its holdings in shares of APi Group by 79.6% during the third quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after purchasing an additional 119,229 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of APi Group during the third quarter worth about $881,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of APi Group during the third quarter worth about $2,586,000. Oppenheimer Asset Management Inc. grew its holdings in shares of APi Group by 60.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after purchasing an additional 37,531 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of APi Group by 5,964.3% during the third quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock worth $5,276,000 after purchasing an additional 157,159 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

Shares of APG opened at $37.29 on Tuesday. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The business’s 50 day moving average price is $37.64 and its two-hundred day moving average price is $36.07. The firm has a market cap of $10.25 billion, a PE ratio of -18.93 and a beta of 1.55.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on APG shares. Citigroup reduced their price target on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada raised 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. Truist Financial reaffirmed a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Barclays lifted their price objective on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

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.