ABM Industries Incorporated (NYSE:ABM) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in ABM Industries Incorporated (NYSE:ABM - Free Report) by 74.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,360 shares of the business services provider's stock after selling 103,421 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of ABM Industries worth $1,861,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Savant Capital LLC grew its position in shares of ABM Industries by 1.7% in the fourth quarter. Savant Capital LLC now owns 11,707 shares of the business services provider's stock valued at $599,000 after purchasing an additional 191 shares in the last quarter. Adirondack Trust Co. grew its holdings in ABM Industries by 28.6% in the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock valued at $46,000 after buying an additional 200 shares in the last quarter. Naples Global Advisors LLC increased its stake 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 acquiring an additional 253 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of ABM Industries by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,274 shares of the business services provider's stock worth $321,000 after acquiring an additional 289 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position 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 valued at $791,000 after acquiring an additional 588 shares during the last quarter. Hedge funds and other institutional investors own 91.62% of the company's stock.

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ABM Industries Trading Up 0.0 %

Shares of NYSE ABM traded up $0.01 during mid-day trading on Monday, reaching $47.33. 473,529 shares of the company's stock were exchanged, compared to its average volume of 486,885. The company's 50-day moving average is $51.39 and its 200-day moving average is $52.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.75 and a beta of 1.13. ABM Industries Incorporated has a 52-week low of $42.63 and a 52-week high of $59.78.

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 issued a $0.265 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 annualized dividend and a dividend yield of 2.24%. 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 firm'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 transaction, the chief operating officer now directly owns 87,808 shares in the company, valued at $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 is available at the SEC website. Also, CAO Dean A. Chin sold 4,281 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total transaction of $224,153.16. Following the sale, the chief accounting officer now directly owns 18,681 shares in the company, valued at $978,137.16. This represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price objective 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 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.