KBC Group NV Has $144,000 Stake in ABM Industries Incorporated (NYSE:ABM)

KBC Group NV increased its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 60.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,819 shares of the business services provider’s stock after purchasing an additional 1,067 shares during the quarter. KBC Group NV’s holdings in ABM Industries were worth $144,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of ABM Industries during the 3rd quarter valued at $30,000. Copeland Capital Management LLC purchased a new stake in shares of ABM Industries during the third quarter worth $37,000. Adirondack Trust Co. boosted its position in ABM Industries by 28.6% during the fourth quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its position in ABM Industries by 58.8% during the third quarter. GAMMA Investing LLC now owns 1,590 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 589 shares during the last quarter. Finally, Quarry LP grew 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 purchasing an additional 721 shares in the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

ABM Industries Stock Up 0.5 %

ABM Industries stock opened at $53.38 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. ABM Industries Incorporated has a 1-year low of $39.64 and a 1-year high of $59.78. The firm’s fifty day simple moving average is $53.22 and its 200-day simple moving average is $53.69. The company has a market capitalization of $3.32 billion, a P/E ratio of 42.03, a P/E/G ratio of 2.78 and a beta of 1.16.

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

ABM Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd were given a dividend of $0.265 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.06 dividend on an annualized basis and a yield of 1.99%. This is a boost from ABM Industries’s previous quarterly dividend of $0.23. ABM Industries’s dividend payout ratio is presently 83.46%.

Wall Street Analyst Weigh In

Separately, UBS Group lifted their price target on ABM Industries from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, December 19th.

Insider Buying and Selling at ABM Industries

In other ABM Industries news, CAO Dean A. Chin sold 4,281 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total transaction of $224,153.16. Following the completion of the transaction, the chief accounting officer now owns 18,681 shares of the company’s stock, valued at $978,137.16. The trade was a 18.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.04% of the company’s stock.

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.