Vanguard Group Inc. Buys 55,584 Shares of ABM Industries Incorporated (NYSE:ABM)

Vanguard Group Inc. raised its position in ABM Industries Incorporated (NYSE:ABM - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,198,258 shares of the business services provider's stock after buying an additional 55,584 shares during the period. Vanguard Group Inc. owned 13.18% of ABM Industries worth $419,587,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ABM. SBI Securities Co. Ltd. acquired a new position in ABM Industries during the 4th quarter valued at about $33,000. Adirondack Trust Co. raised 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 worth $46,000 after buying an additional 200 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in ABM Industries by 193.2% in the fourth 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% in the third quarter. Quarry LP now owns 2,171 shares of the business services provider's stock valued at $115,000 after acquiring an additional 721 shares during the last quarter. Finally, KBC Group NV grew its holdings in ABM Industries by 60.9% during the 4th quarter. KBC Group NV now owns 2,819 shares of the business services provider's stock worth $144,000 after acquiring an additional 1,067 shares during the period. 91.62% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Dean A. Chin sold 4,281 shares of the 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 sale, the chief accounting officer now owns 18,681 shares of the company's stock, valued at $978,137.16. This represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $528,400.00. Following the completion of the transaction, the chief operating officer now owns 87,808 shares in the company, valued at $4,639,774.72. The trade was a 10.22 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

ABM Industries Stock Performance

Shares of ABM Industries stock traded down $1.77 during trading on Monday, hitting $43.55. 1,522,568 shares of the stock were exchanged, compared to its average volume of 489,683. ABM Industries Incorporated has a 1-year low of $41.87 and a 1-year high of $59.78. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05. The company has a fifty day moving average price of $50.74 and a 200-day moving average price of $52.66.

ABM Industries Dividend Announcement

The business also recently announced 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 2.43%. The ex-dividend date is Thursday, April 3rd. ABM Industries's dividend payout ratio is presently 84.13%.

Wall Street Analysts Forecast Growth

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

About ABM Industries

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.