ABM Industries Incorporated (NYSE:ABM) Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC boosted its position in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 850,914 shares of the business services provider's stock after buying an additional 156,450 shares during the period. Pzena Investment Management LLC owned 1.37% of ABM Industries worth $43,550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABM. Foundry Partners LLC boosted its stake in shares of ABM Industries by 694.2% during the third quarter. Foundry Partners LLC now owns 86,868 shares of the business services provider's stock worth $4,583,000 after buying an additional 75,930 shares during the period. Miracle Mile Advisors LLC acquired a new stake in shares of ABM Industries in the 4th quarter worth $392,000. Citigroup Inc. lifted its stake in shares of ABM Industries by 51.3% in the 3rd quarter. Citigroup Inc. now owns 101,006 shares of the business services provider's stock worth $5,329,000 after acquiring an additional 34,254 shares during the period. Jane Street Group LLC boosted its holdings in shares of ABM Industries by 91.8% in the third quarter. Jane Street Group LLC now owns 82,094 shares of the business services provider's stock valued at $4,331,000 after acquiring an additional 39,300 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in ABM Industries by 138.3% during the third quarter. Intech Investment Management LLC now owns 25,810 shares of the business services provider's stock worth $1,362,000 after purchasing an additional 14,977 shares in the last quarter. Hedge funds and other institutional investors own 91.62% of the company's stock.

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ABM Industries Price Performance

ABM traded down $3.10 on Wednesday, hitting $46.73. 1,023,742 shares of the company were exchanged, compared to its average volume of 471,918. ABM Industries Incorporated has a fifty-two week low of $41.51 and a fifty-two week high of $59.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $2.91 billion, a P/E ratio of 37.29, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13. The business's fifty day moving average is $52.66 and its 200 day moving average is $53.50.

ABM Industries (NYSE:ABM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. As a group, sell-side analysts anticipate that ABM Industries Incorporated will post 3.71 EPS for the current year.

ABM Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders 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 2.27%. ABM Industries's payout ratio is currently 83.46%.

Insider Buying and Selling at ABM Industries

In other news, CAO Dean A. Chin sold 4,281 shares of ABM Industries stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total transaction 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. The trade was a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Rene Jacobsen sold 10,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total transaction of $528,400.00. Following the transaction, the chief operating officer now directly owns 87,808 shares in the company, valued at $4,639,774.72. The trade was a 10.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group lifted their price objective on ABM Industries from $55.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, December 19th.

ABM Industries 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.