New Age Alpha Advisors LLC Takes Position in ABM Industries Incorporated (NYSE:ABM)

New Age Alpha Advisors LLC bought a new position in ABM Industries Incorporated (NYSE:ABM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 98,835 shares of the business services provider's stock, valued at approximately $5,058,000. New Age Alpha Advisors LLC owned 0.16% of ABM Industries as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in shares of ABM Industries during the fourth quarter valued at approximately $43,967,000. Vanguard Group Inc. increased its holdings in ABM Industries by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,198,258 shares of the business services provider's stock worth $419,587,000 after purchasing an additional 55,584 shares during the period. KLP Kapitalforvaltning AS bought a new stake in ABM Industries during the 4th quarter valued at $1,131,000. Sei Investments Co. lifted its holdings in shares of ABM Industries by 321.3% in the 4th quarter. Sei Investments Co. now owns 153,193 shares of the business services provider's stock worth $7,840,000 after buying an additional 116,827 shares during the period. Finally, American Century Companies Inc. grew its position in shares of ABM Industries by 2,322.1% during the 4th quarter. American Century Companies Inc. now owns 1,183,695 shares of the business services provider's stock worth $60,582,000 after buying an additional 1,134,825 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ABM Industries

In other ABM Industries news, CAO Dean A. Chin sold 4,281 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total value of $224,153.16. Following the completion of the sale, the chief accounting officer now directly owns 18,681 shares in the company, valued at $978,137.16. This trade represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Rene Jacobsen sold 10,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $52.84, for a total value of $528,400.00. Following the transaction, the chief operating officer now directly owns 87,808 shares in the company, valued at approximately $4,639,774.72. The trade was a 10.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Remove Ads

ABM Industries Stock Up 0.9 %

ABM Industries stock traded up $0.44 during mid-day trading on Wednesday, reaching $48.33. 133,396 shares of the company were exchanged, compared to its average volume of 484,982. ABM Industries Incorporated has a 12-month low of $42.63 and a 12-month high of $59.78. The business has a fifty day moving average of $51.27 and a 200 day moving average of $52.81. The firm has a market cap of $3.01 billion, a P/E ratio of 38.05, a PEG ratio of 2.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33.

ABM Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, April 3rd. ABM Industries's payout ratio is currently 84.13%.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their price objective on shares of ABM Industries from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th.

ABM Industries Company Profile

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.