Thrivent Financial for Lutherans Sells 7,617 Shares of ABM Industries Incorporated (NYSE:ABM)

Thrivent Financial for Lutherans cut its holdings in ABM Industries Incorporated (NYSE:ABM - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,769 shares of the business services provider's stock after selling 7,617 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of ABM Industries worth $2,752,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ABM. Miracle Mile Advisors LLC purchased a new stake in ABM Industries during the 4th quarter valued at $392,000. Citigroup Inc. increased its position in ABM Industries by 51.3% during the third quarter. Citigroup Inc. now owns 101,006 shares of the business services provider's stock valued at $5,329,000 after acquiring an additional 34,254 shares during the last quarter. Jane Street Group LLC raised its stake 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 during the period. Natixis Advisors LLC bought a new stake in shares of ABM Industries in the 3rd quarter worth about $543,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of ABM Industries by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 681,006 shares of the business services provider's stock worth $35,930,000 after purchasing an additional 12,179 shares during the period. 91.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ABM Industries

In other news, CAO Dean A. Chin sold 4,281 shares of the firm's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total transaction of $224,153.16. Following the transaction, the chief accounting officer now owns 18,681 shares in the company, valued at approximately $978,137.16. This trade represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Rene Jacobsen sold 10,000 shares of ABM Industries stock in a transaction dated Monday, February 3rd. The shares were 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 owns 87,808 shares of the company's stock, valued at $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 corporate insiders.

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ABM Industries Trading Up 0.0 %

Shares of NYSE:ABM traded up $0.01 on Monday, hitting $47.33. 473,529 shares of the company's stock were exchanged, compared to its average volume of 486,885. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 37.27, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13. ABM Industries Incorporated has a 12 month low of $42.63 and a 12 month high of $59.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. The business's 50 day simple moving average is $51.39 and its two-hundred day simple moving average is $52.83.

ABM Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd will be given a $0.265 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.06 annualized dividend and a yield of 2.24%. ABM Industries's dividend payout ratio (DPR) is 84.13%.

Analysts Set New Price Targets

Separately, UBS Group decreased 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 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.