Keeley Teton Advisors LLC Increases Holdings in ABM Industries Incorporated (NYSE:ABM)

Keeley Teton Advisors LLC grew its holdings in ABM Industries Incorporated (NYSE:ABM - Free Report) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,592 shares of the business services provider's stock after purchasing an additional 16,903 shares during the quarter. ABM Industries makes up approximately 0.9% of Keeley Teton Advisors LLC's portfolio, making the stock its 21st largest holding. Keeley Teton Advisors LLC owned 0.24% of ABM Industries worth $7,503,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in ABM Industries during the 4th quarter valued at $33,000. Adirondack Trust Co. boosted its stake in shares of ABM Industries by 28.6% during the fourth 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 during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of ABM Industries by 193.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider's stock valued at $46,000 after acquiring an additional 595 shares during the last quarter. Sterling Capital Management LLC increased its position in ABM Industries by 834.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider's stock worth $104,000 after purchasing an additional 1,820 shares in the last quarter. Finally, KBC Group NV raised its stake 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 during the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ABM Industries Trading Down 0.3 %

Shares of NYSE:ABM traded down $0.16 during midday trading on Friday, reaching $45.93. The company's stock had a trading volume of 487,236 shares, compared to its average volume of 502,896. The business has a 50 day moving average price of $48.97 and a 200 day moving average price of $52.16. ABM Industries Incorporated has a 1 year low of $40.85 and a 1 year high of $59.78. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73.

ABM Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, April 3rd. ABM Industries's dividend payout ratio is currently 84.13%.

Insider Buying and Selling

In other news, COO Rene Jacobsen sold 10,000 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 87,808 shares in the company, valued at $4,639,774.72. This represents a 10.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.90% of the company's stock.

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.