ABM Industries Incorporated (NYSE:ABM) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in ABM Industries Incorporated (NYSE:ABM - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,441,331 shares of the business services provider's stock after selling 9,921 shares during the period. Geode Capital Management LLC owned approximately 2.32% of ABM Industries worth $73,784,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in ABM Industries during the fourth quarter worth approximately $33,000. Adirondack Trust Co. lifted its holdings in shares of ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock valued at $46,000 after acquiring an additional 200 shares in the last quarter. 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. KBC Group NV increased its holdings 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 purchasing an additional 1,067 shares in the last quarter. Finally, Cable Hill Partners LLC purchased a new position in ABM Industries in the fourth quarter valued at about $231,000. Hedge funds and other institutional investors own 91.62% of the company's stock.

Insider Transactions at ABM Industries

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the firm's stock in a transaction 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 sale, the chief operating officer now directly owns 87,808 shares in the company, valued at approximately $4,639,774.72. This trade represents a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.90% of the company's stock.

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Analyst Ratings Changes

Separately, UBS Group reduced their price target on 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 Stock Performance

Shares of ABM stock traded up $0.11 on Tuesday, hitting $47.06. 553,253 shares of the stock traded hands, compared to its average volume of 506,240. The company's fifty day moving average is $49.55 and its 200 day moving average is $52.32. ABM Industries Incorporated has a 1-year low of $40.85 and a 1-year high of $59.78. The company has a market capitalization of $2.93 billion, a PE ratio of 37.06, a PEG ratio of 2.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33.

ABM Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries's dividend payout ratio (DPR) is presently 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.