Dimensional Fund Advisors LP Lowers Stock Position in ABM Industries Incorporated (NYSE:ABM)

Dimensional Fund Advisors LP reduced its holdings in ABM Industries Incorporated (NYSE:ABM - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,432,433 shares of the business services provider's stock after selling 179,596 shares during the period. Dimensional Fund Advisors LP owned about 7.13% of ABM Industries worth $226,853,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC purchased a new stake in ABM Industries during the 4th quarter valued at about $392,000. Olstein Capital Management L.P. grew its stake in shares of ABM Industries by 3.6% in the fourth quarter. Olstein Capital Management L.P. now owns 195,821 shares of the business services provider's stock valued at $10,022,000 after buying an additional 6,821 shares in the last quarter. KBC Group NV grew its position in ABM Industries by 60.9% in the 4th quarter. KBC Group NV now owns 2,819 shares of the business services provider's stock valued at $144,000 after acquiring an additional 1,067 shares in the last quarter. Sei Investments Co. increased its stake in ABM Industries by 321.3% during the 4th quarter. Sei Investments Co. now owns 153,193 shares of the business services provider's stock worth $7,840,000 after buying an additional 116,827 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of ABM Industries by 2.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 138,889 shares of the business services provider's stock valued at $7,108,000 after acquiring an additional 3,804 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at ABM Industries

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the 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 owns 87,808 shares of the company's stock, valued at $4,639,774.72. This trade represents a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

ABM Industries Trading Up 4.1 %

Shares of ABM Industries stock opened at $47.29 on Wednesday. ABM Industries Incorporated has a 12-month low of $40.85 and a 12-month high of $59.78. The stock has a market cap of $2.94 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. The company has a 50-day moving average of $48.70 and a two-hundred day moving average of $52.09. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73.

ABM Industries Announces Dividend

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

Want to see what other hedge funds are holding ABM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ABM Industries Incorporated (NYSE:ABM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.