Alliancebernstein L.P. Has $130.86 Million Stock Holdings in ABM Industries Incorporated (NYSE:ABM)

Alliancebernstein L.P. decreased its position in ABM Industries Incorporated (NYSE:ABM - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,556,935 shares of the business services provider's stock after selling 50,282 shares during the quarter. Alliancebernstein L.P. owned 4.11% of ABM Industries worth $130,864,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Savant Capital LLC grew its stake in ABM Industries by 1.7% during the 4th quarter. Savant Capital LLC now owns 11,707 shares of the business services provider's stock worth $599,000 after buying an additional 191 shares during the last quarter. Adirondack Trust Co. boosted its holdings in shares of ABM Industries by 28.6% during the fourth quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock valued at $46,000 after acquiring an additional 200 shares during the period. Naples Global Advisors LLC grew its position in shares of ABM Industries by 2.3% during the fourth quarter. Naples Global Advisors LLC now owns 11,038 shares of the business services provider's stock worth $565,000 after acquiring an additional 253 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of ABM Industries by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,274 shares of the business services provider's stock worth $321,000 after acquiring an additional 289 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of ABM Industries by 3.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 15,804 shares of the business services provider's stock worth $791,000 after acquiring an additional 588 shares during the period. 91.62% of the stock is currently owned by institutional investors.

Remove Ads

Insider Buying and Selling at ABM Industries

In other ABM Industries news, CAO Dean A. Chin sold 4,281 shares of the company's stock in a transaction that occurred 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 directly owns 18,681 shares in the company, valued at $978,137.16. This represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the chief operating officer now directly owns 87,808 shares of the company's stock, valued at approximately $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.

Analyst Ratings Changes

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

ABM Industries Stock Performance

ABM stock traded down $1.77 during trading on Monday, reaching $43.55. 1,522,568 shares of the company's stock were exchanged, compared to its average volume of 489,684. The firm has a market cap of $2.71 billion, a PE ratio of 34.29, a P/E/G ratio of 2.75 and a beta of 1.05. 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 1-year low of $41.65 and a 1-year high of $59.78. The company's fifty day moving average price is $50.74 and its 200-day moving average price is $52.66.

ABM Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be given a $0.265 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 dividend on an annualized basis and a yield of 2.43%. ABM Industries's dividend payout ratio is presently 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.