Fri Sep 20 08:47:03 UTC 2024: ## Institutional Investors Show Strong Interest in APi Group Co. (APG)

**New York, NY (MarketBeat News) -** APi Group Co. (NYSE:APG) saw significant activity from institutional investors in the second quarter, with Tredje AP fonden taking a new position in the company. The fund acquired 54,000 shares, valued at approximately $2,032,000.

Several other hedge funds also increased their holdings in APG during the first quarter. Vanguard Group Inc. boosted its stake by 5.0%, now owning 21,822,007 shares valued at $856,950,000. Price T Rowe Associates Inc. MD lifted its position by 39.6% to 6,443,315 shares worth $253,030,000. Findlay Park Partners LLP increased its stake by 39.1% to 5,193,748 shares worth $203,958,000. Janus Henderson Group PLC significantly grew its stake by 6,312.4% to 4,884,712 shares worth $191,822,000. Finally, Capital Research Global Investors increased its holdings by 271.2% to 4,321,383 shares valued at $169,701,000.

Institutional investors and hedge funds now own 86.62% of the company’s stock. This indicates strong confidence in APi Group’s future performance.

While some analysts have recently lowered their price targets on APG, the overall consensus rating remains “Moderate Buy” with an average target price of $43.86.

APi Group recently reported earnings for the second quarter, exceeding analysts’ expectations with $0.49 EPS on revenue of $1.73 billion.

However, there have been some insider sales in recent weeks, with Director Ian G. H. Ashken selling 150,000 shares and SVP Louis Lambert selling 6,333 shares. Despite this, insiders still own 16.40% of the company’s stock.

APi Group Corporation provides safety and specialty services worldwide. The company operates through Safety Services and Specialty Services segments, offering solutions in fire protection, HVAC, and entry systems.

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