ABM Industries Incorporated (NYSE:ABM) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 109.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,932 shares of the business services provider's stock after purchasing an additional 28,122 shares during the period. Intech Investment Management LLC owned approximately 0.09% of ABM Industries worth $2,760,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Savant Capital LLC raised its position in shares of ABM Industries by 1.7% in the 4th quarter. Savant Capital LLC now owns 11,707 shares of the business services provider's stock worth $599,000 after buying an additional 191 shares during the period. Adirondack Trust Co. increased its stake in ABM Industries by 28.6% during the fourth quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock worth $46,000 after acquiring an additional 200 shares during the last quarter. Naples Global Advisors LLC raised its holdings in shares of ABM Industries by 2.3% in the 4th quarter. Naples Global Advisors LLC now owns 11,038 shares of the business services provider's stock worth $565,000 after purchasing an additional 253 shares during the period. CIBC Asset Management Inc lifted its stake in shares of ABM Industries by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,274 shares of the business services provider's stock valued at $321,000 after purchasing an additional 289 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of ABM Industries by 3.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 15,804 shares of the business services provider's stock worth $791,000 after purchasing an additional 588 shares during the period. Institutional investors and hedge funds own 91.62% of the company's stock.

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Wall Street Analyst Weigh In

Separately, UBS Group reduced 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 report on Thursday, March 13th.

ABM Industries Stock Up 1.4 %

Shares of ABM stock traded up $0.63 during trading hours on Monday, reaching $47.57. The company had a trading volume of 411,865 shares, compared to its average volume of 463,208. The company has a market capitalization of $2.96 billion, a P/E ratio of 37.46, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. ABM Industries Incorporated has a twelve month low of $42.63 and a twelve month high of $59.78. The stock's fifty day simple moving average is $52.02 and its 200 day simple moving average is $52.97.

ABM Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries's dividend payout ratio (DPR) is 84.13%.

Insider Buying and Selling

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of ABM Industries 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 sale, the chief operating officer now directly owns 87,808 shares in the company, valued at $4,639,774.72. The trade was a 10.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Dean A. Chin sold 4,281 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total value of $224,153.16. Following the transaction, the chief accounting officer now owns 18,681 shares of the company's stock, valued at approximately $978,137.16. This trade represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

About ABM Industries

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.