Schechter Investment Advisors LLC Has $1.29 Million Stock Holdings in APi Group Co. (NYSE:APG)

Schechter Investment Advisors LLC lifted its position in shares of APi Group Co. (NYSE:APG) by 400.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,890 shares of the company’s stock after buying an additional 28,724 shares during the quarter. Schechter Investment Advisors LLC’s holdings in APi Group were worth $1,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of APG. First Horizon Advisors Inc. acquired a new stake in shares of APi Group during the third quarter worth $26,000. Blue Trust Inc. lifted its holdings in shares of APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in shares of APi Group during the third quarter worth $33,000. ORG Wealth Partners LLC acquired a new stake in shares of APi Group during the fourth quarter worth $34,000. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after buying an additional 217,071 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

APi Group stock opened at $37.29 on Tuesday. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $41.31. 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 $37.64 and its two-hundred day moving average price is $36.07. The stock has a market cap of $10.25 billion, a PE ratio of -18.93 and a beta of 1.55.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Truist Financial reissued a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird raised their price target on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Barclays raised their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Tuesday, January 14th. Finally, UBS Group decreased their price target on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

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.