ABM Industries Incorporated (NYSE:ABM) Shares Sold by QSV Equity Investors LLC

QSV Equity Investors LLC trimmed its holdings in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 22.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,160 shares of the business services provider's stock after selling 9,131 shares during the quarter. ABM Industries makes up approximately 1.5% of QSV Equity Investors LLC's investment portfolio, making the stock its 26th biggest holding. QSV Equity Investors LLC's holdings in ABM Industries were worth $1,644,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ABM. GAMMA Investing LLC grew its holdings in ABM Industries by 37.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,001 shares of the business services provider's stock valued at $51,000 after buying an additional 273 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of ABM Industries by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,623 shares of the business services provider's stock valued at $891,000 after purchasing an additional 324 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in ABM Industries by 2.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 17,066 shares of the business services provider's stock valued at $900,000 after purchasing an additional 378 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of ABM Industries by 2.6% during the second quarter. Arizona State Retirement System now owns 17,718 shares of the business services provider's stock worth $896,000 after purchasing an additional 442 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in ABM Industries by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 35,036 shares of the business services provider's stock worth $1,772,000 after buying an additional 539 shares during the period. 91.62% of the stock is owned by hedge funds and other institutional investors.

ABM Industries Trading Down 0.8 %

Shares of ABM stock traded down $0.45 on Thursday, reaching $56.64. 110,451 shares of the stock were exchanged, compared to its average volume of 535,935. ABM Industries Incorporated has a one year low of $39.64 and a one year high of $59.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market cap of $3.56 billion, a PE ratio of 23.58 and a beta of 1.14. The stock has a 50 day moving average price of $54.57 and a 200 day moving average price of $52.72.

ABM Industries (NYSE:ABM - Get Free Report) last announced its quarterly earnings data on Friday, September 6th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.08. ABM Industries had a net margin of 1.89% and a return on equity of 12.93%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company posted $0.79 earnings per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts forecast that ABM Industries Incorporated will post 3.53 EPS for the current fiscal year.

ABM Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, October 3rd. ABM Industries's payout ratio is currently 37.19%.

Analyst Ratings Changes

Several research firms have weighed in on ABM. Robert W. Baird upped their target price on ABM Industries from $49.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, September 9th. UBS Group lifted their price target on ABM Industries from $51.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Finally, Truist Financial upped their price target on shares of ABM Industries from $49.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, September 9th.

Insider Buying and Selling

In related news, CFO Earl Ray Ellis sold 40,000 shares of the firm's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $53.96, for a total value of $2,158,400.00. Following the completion of the sale, the chief financial officer now directly owns 45,260 shares in the company, valued at $2,442,229.60. This trade represents a 46.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.04% of the stock is owned by insiders.

ABM Industries Company 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.