Easterly Investment Partners LLC Has $6.82 Million Stock Holdings in ABM Industries Incorporated (NYSE:ABM)

Easterly Investment Partners LLC cut its holdings in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,282 shares of the business services provider's stock after selling 108,858 shares during the period. Easterly Investment Partners LLC owned approximately 0.21% of ABM Industries worth $6,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of ABM Industries by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 8,198,258 shares of the business services provider's stock worth $419,587,000 after purchasing an additional 55,584 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in ABM Industries during the 4th quarter worth approximately $1,131,000. Sei Investments Co. lifted its stake in ABM Industries by 321.3% in the fourth quarter. Sei Investments Co. now owns 153,193 shares of the business services provider's stock valued at $7,840,000 after buying an additional 116,827 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 valued at $60,582,000 after buying an additional 1,134,825 shares during the period. Finally, Xponance Inc. increased its position in shares of ABM Industries by 18.1% during the fourth quarter. Xponance Inc. now owns 4,923 shares of the business services provider's stock worth $252,000 after acquiring an additional 753 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at ABM Industries

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the firm's 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 directly owns 87,808 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Also, CAO Dean A. Chin sold 4,281 shares of the business'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 transaction, the chief accounting officer now directly owns 18,681 shares in the company, valued at $978,137.16. This trade represents a 18.64 % 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 Stock Up 0.1 %

NYSE ABM traded up $0.04 during trading on Monday, hitting $47.36. The stock had a trading volume of 95,405 shares, compared to its average volume of 485,432. ABM Industries Incorporated has a 12 month low of $42.63 and a 12 month high of $59.78. 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 company's 50-day moving average price is $51.51 and its two-hundred day moving average price is $52.85. The company has a market capitalization of $2.95 billion, a PE ratio of 37.24, a P/E/G ratio of 2.75 and a beta of 1.13.

ABM Industries Announces Dividend

The firm 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. This represents a $1.06 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Thursday, April 3rd. ABM Industries's dividend payout ratio (DPR) is currently 84.13%.

Wall Street Analysts Forecast Growth

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

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.