Amundi Purchases 22,628 Shares of ABM Industries Incorporated (NYSE:ABM)

Amundi grew its position in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 198.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,004 shares of the business services provider's stock after purchasing an additional 22,628 shares during the quarter. Amundi owned approximately 0.05% of ABM Industries worth $1,733,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Savant Capital LLC lifted its stake in ABM Industries by 1.7% in the fourth quarter. Savant Capital LLC now owns 11,707 shares of the business services provider's stock worth $599,000 after purchasing an additional 191 shares during the last quarter. Adirondack Trust Co. lifted its position in ABM Industries by 28.6% in the fourth quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Naples Global Advisors LLC grew its holdings in shares of ABM Industries by 2.3% in the fourth quarter. Naples Global Advisors LLC now owns 11,038 shares of the business services provider's stock worth $565,000 after purchasing an additional 253 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of ABM Industries by 4.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,274 shares of the business services provider's stock valued at $321,000 after acquiring an additional 289 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of ABM Industries by 3.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 15,804 shares of the business services provider's stock valued at $791,000 after acquiring an additional 588 shares during the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

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

ABM Industries Stock Down 1.2 %

Shares of ABM stock traded down $0.56 during mid-day trading on Friday, reaching $46.88. 1,236,095 shares of the company's stock traded hands, compared to its average volume of 466,638. The company's 50-day moving average price is $52.10 and its 200-day moving average price is $53.09. The company has a market cap of $2.92 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.75 and a beta of 1.13. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73. ABM Industries Incorporated has a 12 month low of $42.63 and a 12 month high of $59.78.

ABM Industries (NYSE:ABM - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.03. ABM Industries had a net margin of 0.97% and a return on equity of 12.48%. The business had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter in the prior year, the company earned $1.01 earnings per share. The business's revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.06 annualized dividend and a dividend yield of 2.26%. ABM Industries's payout ratio is presently 84.13%.

Insider Buying and Selling

In other ABM Industries news, CAO Dean A. Chin sold 4,281 shares of ABM Industries stock in a transaction on Tuesday, January 14th. The stock was 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 owns 18,681 shares of the company's stock, valued at approximately $978,137.16. This trade represents a 18.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Rene Jacobsen sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total value of $528,400.00. Following the sale, the chief operating officer now directly owns 87,808 shares in the company, valued at $4,639,774.72. This trade represents 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 currently owned by company insiders.

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.