Foundry Partners LLC lifted its holdings in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,577 shares of the business services provider's stock after purchasing an additional 13,709 shares during the quarter. Foundry Partners LLC owned 0.16% of ABM Industries worth $5,148,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of ABM. SBI Securities Co. Ltd. acquired a new stake in ABM Industries during the 4th quarter worth approximately $33,000. Adirondack Trust Co. boosted its stake in ABM Industries by 28.6% in the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock worth $46,000 after purchasing an additional 200 shares during the period. Smartleaf Asset Management LLC increased its holdings in ABM Industries by 193.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider's stock worth $46,000 after purchasing an additional 595 shares in the last quarter. Quarry LP raised its stake in shares of ABM Industries by 49.7% in the 3rd quarter. Quarry LP now owns 2,171 shares of the business services provider's stock valued at $115,000 after purchasing an additional 721 shares during the period. Finally, KBC Group NV lifted its holdings in shares of ABM Industries by 60.9% in the fourth quarter. KBC Group NV now owns 2,819 shares of the business services provider's stock valued at $144,000 after purchasing an additional 1,067 shares in the last quarter. Institutional investors own 91.62% of the company's stock.
ABM Industries Stock Down 4.7 %
ABM traded down $2.11 during trading on Thursday, reaching $43.19. 523,957 shares of the stock were exchanged, compared to its average volume of 500,580. The stock has a market cap of $2.69 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. 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's 50 day moving average price is $49.99 and its two-hundred day moving average price is $52.42. ABM Industries Incorporated has a twelve month low of $40.85 and a twelve month high of $59.78.
ABM Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries's dividend payout ratio (DPR) is presently 84.13%.
Insider Buying and Selling at ABM Industries
In other ABM Industries news, CAO Dean A. Chin sold 4,281 shares of ABM Industries stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total value of $224,153.16. Following the completion of the sale, the chief accounting officer now owns 18,681 shares in the company, valued at $978,137.16. The trade was a 18.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Rene Jacobsen sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 in the company, 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. Corporate insiders own 0.90% of the company's stock.
Analysts Set New Price Targets
Separately, UBS Group lowered their price target on shares of ABM Industries from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th.
Check Out Our Latest Stock Report on ABM Industries
About ABM Industries
(
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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