Vanguard Group Inc. Increases Position in ABM Industries Incorporated (NYSE:ABM)

Vanguard Group Inc. grew its holdings in ABM Industries Incorporated (NYSE:ABM - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,198,258 shares of the business services provider's stock after acquiring an additional 55,584 shares during the period. Vanguard Group Inc. owned about 13.18% of ABM Industries worth $419,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in shares of ABM Industries in the 4th quarter worth about $33,000. Adirondack Trust Co. increased its position in shares of ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in ABM Industries by 193.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider's stock valued at $46,000 after buying an additional 595 shares during the period. Quarry LP boosted its stake in ABM Industries by 49.7% during the third quarter. Quarry LP now owns 2,171 shares of the business services provider's stock worth $115,000 after buying an additional 721 shares during the period. Finally, KBC Group NV increased its position in ABM Industries by 60.9% during the fourth quarter. KBC Group NV now owns 2,819 shares of the business services provider's stock valued at $144,000 after acquiring an additional 1,067 shares during the last quarter. Institutional investors own 91.62% of the company's stock.

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ABM Industries Trading Down 2.7 %

ABM stock traded down $1.28 during mid-day trading on Friday, reaching $45.25. The company had a trading volume of 801,241 shares, compared to its average volume of 486,610. The firm has a 50 day moving average of $50.93 and a 200 day moving average of $52.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. ABM Industries Incorporated has a 12 month low of $42.63 and a 12 month high of $59.78. The company has a market capitalization of $2.82 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05.

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries's payout ratio is 84.13%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were 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 of the company's stock, valued at approximately $4,639,774.72. This represents a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Dean A. Chin sold 4,281 shares of ABM Industries stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total transaction of $224,153.16. Following the completion of the transaction, the chief accounting officer now directly owns 18,681 shares in the company, valued at approximately $978,137.16. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. 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.