LSV Asset Management Has $42.63 Million Holdings in ABM Industries Incorporated (NYSE:ABM)

LSV Asset Management grew its holdings in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 832,947 shares of the business services provider's stock after purchasing an additional 42,482 shares during the period. LSV Asset Management owned 1.34% of ABM Industries worth $42,630,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new stake in ABM Industries in the 4th quarter valued at about $392,000. Jane Street Group LLC raised its holdings in shares of ABM Industries by 91.8% during the third quarter. Jane Street Group LLC now owns 82,094 shares of the business services provider's stock valued at $4,331,000 after buying an additional 39,300 shares during the last quarter. Olstein Capital Management L.P. raised its holdings in shares of ABM Industries by 3.6% during the fourth quarter. Olstein Capital Management L.P. now owns 195,821 shares of the business services provider's stock valued at $10,022,000 after buying an additional 6,821 shares during the last quarter. KBC Group NV boosted its position in shares of ABM Industries by 60.9% during the fourth quarter. KBC Group NV now owns 2,819 shares of the business services provider's stock worth $144,000 after buying an additional 1,067 shares during the period. Finally, Sei Investments Co. grew its holdings in ABM Industries by 321.3% in the 4th quarter. Sei Investments Co. now owns 153,193 shares of the business services provider's stock worth $7,840,000 after buying an additional 116,827 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

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

ABM Industries Stock Performance

Shares of ABM stock traded up $0.11 during trading on Tuesday, reaching $47.06. The company had a trading volume of 553,253 shares, compared to its average volume of 505,504. 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. The firm's 50 day simple moving average is $49.43 and its two-hundred day simple moving average is $52.29. ABM Industries Incorporated has a one year low of $40.85 and a one year high of $59.78.

ABM Industries Dividend Announcement

The company 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 $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, April 3rd. ABM Industries's payout ratio is 84.13%.

Insider Buying and Selling

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 sale, the chief operating officer now owns 87,808 shares of the company's stock, valued at $4,639,774.72. This trade represents a 10.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is owned by insiders.

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.