Barclays PLC Has $6.20 Million Stake in ABM Industries Incorporated (NYSE:ABM)

Barclays PLC boosted its position in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,081 shares of the business services provider's stock after acquiring an additional 7,231 shares during the period. Barclays PLC owned approximately 0.19% of ABM Industries worth $6,198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABM. Vanguard Group Inc. raised its stake in shares of ABM Industries by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,198,258 shares of the business services provider's stock valued at $419,587,000 after purchasing an additional 55,584 shares in the last quarter. Invesco Ltd. increased its stake in ABM Industries by 14.8% in the fourth quarter. Invesco Ltd. now owns 1,517,516 shares of the business services provider's stock valued at $77,666,000 after acquiring an additional 195,978 shares during the period. American Century Companies Inc. raised its position in ABM Industries by 2,322.1% in the fourth quarter. American Century Companies Inc. now owns 1,183,695 shares of the business services provider's stock worth $60,582,000 after purchasing an additional 1,134,825 shares in the last quarter. Norges Bank bought a new position in ABM Industries during the fourth quarter worth about $43,967,000. Finally, Pzena Investment Management LLC boosted its holdings in ABM Industries by 22.5% during the fourth quarter. Pzena Investment Management LLC now owns 850,914 shares of the business services provider's stock valued at $43,550,000 after purchasing an additional 156,450 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their target price on 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 Price Performance

ABM Industries stock traded up $0.02 during trading hours on Friday, hitting $48.33. 284,482 shares of the stock were exchanged, compared to its average volume of 504,446. ABM Industries Incorporated has a 12 month low of $40.85 and a 12 month high of $59.78. The business's 50-day moving average is $48.44 and its two-hundred day moving average is $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. The stock has a market capitalization of $3.01 billion, a P/E ratio of 38.06, a P/E/G ratio of 2.75 and a beta of 1.05.

ABM Industries Dividend Announcement

The firm 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 $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Thursday, April 3rd. ABM Industries's dividend payout ratio is currently 84.13%.

Insider Activity

In other news, COO Rene Jacobsen sold 10,000 shares of the company's 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 directly owns 87,808 shares in the company, valued at approximately $4,639,774.72. This represents a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by corporate 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.