Charles Schwab Investment Management Inc. boosted its holdings in ABM Industries Incorporated (NYSE:ABM - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 693,325 shares of the business services provider's stock after buying an additional 12,319 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.11% of ABM Industries worth $35,484,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of ABM Industries in the 4th quarter valued at $33,000. Smartleaf Asset Management LLC increased 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. Versor Investments LP raised its position in ABM Industries by 6.3% in the fourth quarter. Versor Investments LP now owns 17,000 shares of the business services provider's stock valued at $870,000 after purchasing an additional 1,000 shares during the period. Cable Hill Partners LLC acquired a new position in shares of ABM Industries during the fourth quarter worth about $231,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of ABM Industries by 11.6% during the fourth quarter. Handelsbanken Fonder AB now owns 14,409 shares of the business services provider's stock worth $737,000 after purchasing an additional 1,500 shares in the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, UBS Group dropped their target price on ABM Industries from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th.
Check Out Our Latest Stock Report on ABM Industries
ABM Industries Stock Up 0.4 %
ABM stock traded up $0.19 during trading on Thursday, reaching $47.42. The stock had a trading volume of 198,638 shares, compared to its average volume of 464,260. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The firm has a fifty day moving average price of $52.17 and a 200 day moving average price of $53.13. The company has a market capitalization of $2.95 billion, a P/E ratio of 37.29, a PEG ratio of 2.75 and a beta of 1.13. ABM Industries Incorporated has a 1-year low of $42.63 and a 1-year high of $59.78.
ABM Industries (NYSE:ABM - Get Free Report) last released its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The business had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company's revenue was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that ABM Industries Incorporated will post 3.71 earnings per share for the current year.
ABM Industries Dividend Announcement
The firm also recently announced 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. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, April 3rd. ABM Industries's payout ratio is 84.13%.
Insider Activity
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 transaction of $224,153.16. Following the sale, the chief accounting officer now 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Rene Jacobsen sold 10,000 shares of ABM Industries 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 transaction, the chief operating officer now 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 position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.
ABM Industries Company Profile
(
Free Report)
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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