ABM Industries Incorporated (NYSE:ABM) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC reduced its holdings in ABM Industries Incorporated (NYSE:ABM) by 91.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,596 shares of the business services provider’s stock after selling 72,568 shares during the period. Bleakley Financial Group LLC’s holdings in ABM Industries were worth $348,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Creative Planning grew its holdings in ABM Industries by 20.8% in the third quarter. Creative Planning now owns 25,370 shares of the business services provider’s stock valued at $1,339,000 after purchasing an additional 4,374 shares during the period. Inspire Investing LLC grew its holdings in ABM Industries by 12.4% in the third quarter. Inspire Investing LLC now owns 7,797 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 862 shares during the period. CWM LLC boosted its stake in shares of ABM Industries by 108.8% in the third quarter. CWM LLC now owns 6,301 shares of the business services provider’s stock worth $332,000 after acquiring an additional 3,284 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of ABM Industries by 58.8% in the third quarter. GAMMA Investing LLC now owns 1,590 shares of the business services provider’s stock worth $84,000 after acquiring an additional 589 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ABM Industries in the second quarter worth approximately $1,467,000. 91.62% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other ABM Industries news, CFO Earl Ray Ellis sold 40,000 shares of ABM Industries stock in a transaction on Monday, October 14th. The stock was sold at an average price of $53.96, for a total value of $2,158,400.00. Following the sale, the chief financial officer now owns 45,260 shares in the company, valued at $2,442,229.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is currently owned by company insiders.

ABM Industries Stock Performance

Shares of ABM Industries stock opened at $53.44 on Wednesday. ABM Industries Incorporated has a one year low of $38.48 and a one year high of $59.78. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 13.99 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 1.38. The business’s 50 day moving average price is $53.12 and its 200 day moving average price is $50.37.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Friday, September 6th. The business services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.08. ABM Industries had a return on equity of 12.93% and a net margin of 1.89%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the business posted $0.79 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that ABM Industries Incorporated will post 3.53 EPS for the current year.

ABM Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Thursday, October 3rd will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.90 dividend on an annualized basis and a yield of 1.68%. ABM Industries’s payout ratio is 23.56%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ABM shares. StockNews.com lowered ABM Industries from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. UBS Group lifted their price target on ABM Industries from $51.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Truist Financial lifted their price target on ABM Industries from $49.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Finally, Robert W. Baird lifted their price target on ABM Industries from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th.

ABM Industries Company 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.