XTX Topco Ltd Takes Position in ABM Industries Incorporated (NYSE:ABM)

XTX Topco Ltd purchased a new stake in ABM Industries Incorporated (NYSE:ABM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 23,472 shares of the business services provider's stock, valued at approximately $1,201,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of ABM Industries by 2,322.1% during the 4th quarter. American Century Companies Inc. now owns 1,183,695 shares of the business services provider's stock worth $60,582,000 after buying an additional 1,134,825 shares during the last quarter. Norges Bank acquired a new position in ABM Industries during the fourth quarter valued at approximately $43,967,000. Invesco Ltd. increased its stake in shares of ABM Industries by 14.8% in the 4th quarter. Invesco Ltd. now owns 1,517,516 shares of the business services provider's stock valued at $77,666,000 after purchasing an additional 195,978 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of ABM Industries by 22.5% in the 4th quarter. Pzena Investment Management LLC now owns 850,914 shares of the business services provider's stock valued at $43,550,000 after purchasing an additional 156,450 shares in the last quarter. Finally, Sei Investments Co. boosted its position in ABM Industries by 321.3% in the fourth quarter. Sei Investments Co. now owns 153,193 shares of the business services provider's stock valued at $7,840,000 after buying an additional 116,827 shares in the last quarter. 91.62% of the stock is owned by institutional investors.

ABM Industries Stock Performance

Shares of NYSE ABM traded down $0.16 during midday trading on Friday, hitting $45.93. The company's stock had a trading volume of 487,236 shares, compared to its average volume of 502,896. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 36.16, a P/E/G ratio of 2.75 and a beta of 1.05. 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 fifty day moving average price of $48.97 and a 200 day moving average price of $52.17. ABM Industries Incorporated has a one year low of $40.85 and a one year high of $59.78.

ABM Industries Announces Dividend

The business also recently declared 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. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, April 3rd. ABM Industries's payout ratio is currently 84.13%.

Analyst Ratings Changes

Separately, UBS Group decreased their price objective on ABM Industries from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, March 13th.

Insider Activity

In other news, COO Rene Jacobsen sold 10,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $52.84, for a total transaction of $528,400.00. Following the sale, the chief operating officer now directly owns 87,808 shares in the company, valued at $4,639,774.72. This represents a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.90% of the stock is owned by company insiders.

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.