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

Schechter Investment Advisors LLC increased its holdings in APi Group Co. (NYSE:APG - Free Report) by 400.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,890 shares of the company's stock after acquiring 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 filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in shares of APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company's stock worth $277,079,000 after purchasing an additional 1,351,013 shares during the last quarter. Geode Capital Management LLC increased its holdings in APi Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company's stock valued at $123,217,000 after buying an additional 106,119 shares during the last quarter. State Street Corp raised its stake in APi Group by 3.7% during the third quarter. State Street Corp now owns 3,723,241 shares of the company's stock valued at $122,941,000 after buying an additional 132,971 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in APi Group by 19.7% during the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company's stock worth $94,652,000 after buying an additional 432,926 shares during the last quarter. Finally, Swedbank AB lifted its holdings in APi Group by 9.6% during the 4th quarter. Swedbank AB now owns 2,422,000 shares of the company's stock worth $87,119,000 after buying an additional 213,000 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Remove Ads

APi Group Stock Performance

Shares of NYSE APG traded up $0.22 during midday trading on Friday, hitting $36.30. 2,869,851 shares of the company's stock were exchanged, compared to its average volume of 1,627,988. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.31. The firm has a market cap of $10.07 billion, a P/E ratio of -18.42 and a beta of 1.54. The stock's 50 day moving average price is $37.65 and its 200-day moving average price is $36.09. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

Wall Street Analyst Weigh In

Several research firms recently issued reports on APG. William Blair reissued an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a report on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and issued a $48.00 price target (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. UBS Group dropped their price objective on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Finally, Robert W. Baird raised their target price 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.00.

Insider Buying and Selling

In related news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.