ABM Industries Incorporated (NYSE:ABM) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in ABM Industries Incorporated (NYSE:ABM - Free Report) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,103 shares of the business services provider's stock after acquiring an additional 7,904 shares during the quarter. Wells Fargo & Company MN owned 0.07% of ABM Industries worth $2,155,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ABM. Barclays PLC boosted its stake in shares of ABM Industries by 238.7% in the third quarter. Barclays PLC now owns 113,850 shares of the business services provider's stock valued at $6,004,000 after purchasing an additional 80,238 shares during the period. Tidal Investments LLC grew its stake in shares of ABM Industries by 176.4% during the third quarter. Tidal Investments LLC now owns 23,761 shares of the business services provider's stock valued at $1,254,000 after acquiring an additional 15,163 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of ABM Industries during the third quarter valued at about $446,000. Principal Financial Group Inc. lifted its stake in shares of ABM Industries by 4.9% in the third quarter. Principal Financial Group Inc. now owns 327,631 shares of the business services provider's stock worth $17,286,000 after acquiring an additional 15,438 shares in the last quarter. Finally, First Hawaiian Bank lifted its stake in shares of ABM Industries by 32.4% in the fourth quarter. First Hawaiian Bank now owns 10,682 shares of the business services provider's stock worth $547,000 after acquiring an additional 2,614 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, COO Rene Jacobsen sold 10,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

ABM Industries Price Performance

ABM opened at $48.33 on Friday. The company has a market capitalization of $3.01 billion, a P/E ratio of 38.06, a PEG ratio of 2.75 and a beta of 1.05. The company has a 50-day moving average of $48.44 and a 200-day moving average of $52.01. 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 1-year low of $40.85 and a 1-year high of $59.78.

ABM Industries Announces Dividend

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

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.

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