Versor Investments LP Buys 10,300 Shares of ABM Industries Incorporated (NYSE:ABM)

Versor Investments LP lifted its stake in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 180.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,000 shares of the business services provider's stock after purchasing an additional 10,300 shares during the quarter. Versor Investments LP's holdings in ABM Industries were worth $844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BOKF NA bought a new stake in shares of ABM Industries during the 2nd quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new stake in ABM Industries during the third quarter worth $30,000. Adirondack Trust Co. boosted its holdings in shares of ABM Industries by 250.0% in the 2nd quarter. Adirondack Trust Co. now owns 700 shares of the business services provider's stock valued at $35,000 after purchasing an additional 500 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of ABM Industries in the 3rd quarter valued at $37,000. Finally, Lazard Asset Management LLC raised its holdings in shares of ABM Industries by 2,102.0% during the 1st quarter. Lazard Asset Management LLC now owns 1,079 shares of the business services provider's stock worth $48,000 after buying an additional 1,030 shares in the last quarter. Institutional investors own 91.62% of the company's stock.

Insider Buying and Selling

In other ABM Industries news, CFO Earl Ray Ellis sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $53.96, for a total transaction of $2,158,400.00. Following the completion of the transaction, the chief financial officer now owns 45,260 shares in the company, valued at approximately $2,442,229.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is owned by insiders.

ABM Industries Trading Down 0.8 %

Shares of ABM Industries stock traded down $0.47 on Wednesday, hitting $56.92. The stock had a trading volume of 256,208 shares, compared to its average volume of 556,516. The stock has a 50 day moving average of $52.99 and a 200 day moving average of $51.55. The firm has a market capitalization of $3.57 billion, a P/E ratio of 23.52 and a beta of 1.14. ABM Industries Incorporated has a twelve month low of $39.64 and a twelve month high of $59.78. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 1.38.

ABM Industries (NYSE:ABM - Get Free Report) last released its quarterly earnings results on Friday, September 6th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts expect that ABM Industries Incorporated will post 3.53 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.225 per share. The ex-dividend date was Thursday, October 3rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.58%. ABM Industries's dividend payout ratio (DPR) is 37.19%.

Analyst Ratings Changes

ABM has been the topic of several research analyst reports. Robert W. Baird raised their price objective on ABM Industries from $49.00 to $56.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Truist Financial lifted their price target on shares of ABM Industries from $49.00 to $55.00 and gave the company a "hold" rating in a report on Monday, September 9th. StockNews.com lowered shares of ABM Industries from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. Finally, UBS Group upped their price target on shares of ABM Industries from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, September 9th.

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.