Corient Private Wealth LLC Boosts Position in ABM Industries Incorporated (NYSE:ABM)

Corient Private Wealth LLC raised its holdings in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 112.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,684 shares of the business services provider's stock after acquiring an additional 9,904 shares during the quarter. Corient Private Wealth LLC's holdings in ABM Industries were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of ABM Industries in the fourth quarter valued at $33,000. Adirondack Trust Co. lifted its holdings in ABM Industries by 28.6% in the 4th 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 in the last quarter. Smartleaf Asset Management LLC lifted its holdings in ABM Industries by 193.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider's stock valued at $46,000 after purchasing an additional 595 shares in the last quarter. Quarry LP boosted its stake in shares of ABM Industries by 49.7% during the 3rd quarter. Quarry LP now owns 2,171 shares of the business services provider's stock worth $115,000 after purchasing an additional 721 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of ABM Industries by 60.9% during the fourth quarter. KBC Group NV now owns 2,819 shares of the business services provider's stock worth $144,000 after buying an additional 1,067 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company's stock.

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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 note on Thursday, March 13th.

ABM Industries Trading Up 0.0 %

NYSE ABM traded up $0.01 during trading hours on Monday, hitting $47.33. 473,529 shares of the company's stock were exchanged, compared to its average volume of 486,885. The business's 50 day moving average is $51.39 and its 200-day moving average is $52.83. 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 Incorporated has a 12-month low of $42.63 and a 12-month high of $59.78. The firm has a market capitalization of $2.95 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13.

ABM Industries Dividend Announcement

The business also recently disclosed 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 is Thursday, April 3rd. This represents a $1.06 annualized dividend and a dividend yield of 2.24%. ABM Industries's payout ratio is currently 84.13%.

Insider Buying and Selling

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the 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 owns 87,808 shares of the company's stock, valued at $4,639,774.72. This trade represents a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Dean A. Chin sold 4,281 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total transaction of $224,153.16. Following the sale, the chief accounting officer now directly owns 18,681 shares of the company's stock, valued at $978,137.16. This represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

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.