12,181 Shares in ABM Industries Incorporated (NYSE:ABM) Purchased by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL bought a new stake in ABM Industries Incorporated (NYSE:ABM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,181 shares of the business services provider's stock, valued at approximately $626,000.

Several other hedge funds have also added to or reduced their stakes in ABM. BOKF NA bought a new position in ABM Industries during the 2nd quarter worth $30,000. Capital Performance Advisors LLP bought a new position in shares of ABM Industries in the 3rd quarter worth $30,000. Adirondack Trust Co. grew its holdings in shares of ABM Industries by 250.0% during the second quarter. Adirondack Trust Co. now owns 700 shares of the business services provider's stock valued at $35,000 after buying an additional 500 shares during the last quarter. Copeland Capital Management LLC bought a new stake in ABM Industries during the 3rd quarter worth approximately $37,000. Finally, Lazard Asset Management LLC grew its holdings in ABM Industries by 2,102.0% during the first quarter. Lazard Asset Management LLC now owns 1,079 shares of the business services provider's stock worth $48,000 after buying an additional 1,030 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on ABM. StockNews.com downgraded shares of ABM Industries from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. Truist Financial increased their price objective on ABM Industries from $49.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, September 9th. UBS Group upped their target price on shares of ABM Industries from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Finally, Robert W. Baird increased their target price on shares of ABM Industries from $49.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, September 9th.

ABM Industries Stock Down 1.0 %

ABM traded down $0.57 during trading on Friday, hitting $55.01. 223,538 shares of the company's stock traded hands, compared to its average volume of 380,438. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 22.73 and a beta of 1.14. The company's 50 day simple moving average is $53.05 and its two-hundred day simple moving average is $51.76. ABM Industries Incorporated has a 12-month low of $39.64 and a 12-month high of $59.78.

ABM Industries (NYSE:ABM - Get Free Report) last released its earnings results on Friday, September 6th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.08. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. ABM Industries had a net margin of 1.89% and a return on equity of 12.93%. The business's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. Analysts predict that ABM Industries Incorporated will post 3.53 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Thursday, October 3rd were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $0.90 annualized dividend and a yield of 1.64%. ABM Industries's dividend payout ratio is presently 37.19%.

Insider Activity

In other ABM Industries news, CFO Earl Ray Ellis sold 40,000 shares of the business's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $53.96, for a total transaction of $2,158,400.00. Following the sale, the chief financial officer now directly owns 45,260 shares in the company, valued at $2,442,229.60. This represents a 46.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.04% of the company's stock.

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.