ABM Industries Incorporated (NYSE:ABM) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its stake in ABM Industries Incorporated (NYSE:ABM - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 818,810 shares of the business services provider's stock after acquiring an additional 19,783 shares during the period. William Blair Investment Management LLC owned about 1.32% of ABM Industries worth $41,907,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ABM. Savant Capital LLC boosted its position in shares of ABM Industries by 1.7% in the 4th 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 during the period. Adirondack Trust Co. boosted its holdings in shares of ABM Industries by 28.6% in the fourth quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock valued at $46,000 after acquiring an additional 200 shares during the period. Naples Global Advisors LLC grew its position in shares of ABM Industries by 2.3% during the fourth 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 increased its holdings in shares of ABM Industries by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,274 shares of the business services provider's stock valued at $321,000 after acquiring an additional 289 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its position in ABM Industries by 3.9% in 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 purchasing an additional 588 shares during the last quarter. Institutional investors and hedge funds own 91.62% of the company's stock.

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Insider Buying and Selling at ABM Industries

In related news, CAO Dean A. Chin sold 4,281 shares of the business's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total value 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. The trade was a 18.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Rene Jacobsen sold 10,000 shares of the firm's 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 transaction, the chief operating officer now owns 87,808 shares of the company's stock, valued at $4,639,774.72. This trade represents a 10.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

ABM Industries Stock Performance

Shares of ABM stock traded down $0.56 during midday trading on Friday, hitting $46.88. The company had a trading volume of 1,280,356 shares, compared to its average volume of 466,810. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 2.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. The company's 50 day simple moving average is $52.10 and its 200 day simple moving average is $53.09. ABM Industries Incorporated has a 52-week low of $42.63 and a 52-week high of $59.78.

ABM Industries (NYSE:ABM - Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts anticipate that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.06 annualized dividend and a yield of 2.26%. ABM Industries's payout ratio is currently 84.13%.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price objective 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.

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.