648 Shares in ABM Industries Incorporated (NYSE:ABM) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new position in ABM Industries Incorporated (NYSE:ABM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 648 shares of the business services provider’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ABM. Adirondack Trust Co. lifted its holdings 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 in the last quarter. Smartleaf Asset Management LLC raised its position in shares of ABM Industries by 193.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock valued at $46,000 after buying an additional 595 shares during the last quarter. Quarry LP raised its position in shares of ABM Industries by 49.7% during the third quarter. Quarry LP now owns 2,171 shares of the business services provider’s stock valued at $115,000 after buying an additional 721 shares during the last quarter. KBC Group NV raised its position in shares of ABM Industries by 60.9% during the fourth quarter. KBC Group NV now owns 2,819 shares of the business services provider’s stock valued at $144,000 after buying an additional 1,067 shares during the last quarter. Finally, Cable Hill Partners LLC bought a new stake in shares of ABM Industries during the fourth quarter valued at approximately $231,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at ABM Industries

In other news, COO Rene Jacobsen sold 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total transaction of $528,400.00. Following the completion of the sale, the chief operating officer now directly owns 87,808 shares of the company’s stock, valued at approximately $4,639,774.72. The trade was a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief accounting officer now directly owns 18,681 shares of the company’s stock, valued at $978,137.16. This represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

ABM Industries Trading Down 8.6 %

Shares of ABM opened at $45.52 on Thursday. The company’s fifty day moving average is $52.66 and its 200 day moving average is $53.50. ABM Industries Incorporated has a fifty-two week low of $41.51 and a fifty-two week high of $59.78. The stock has a market capitalization of $2.83 billion, a PE ratio of 35.84, a P/E/G ratio of 2.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data 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 net margin of 0.97% and a return on equity of 12.48%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. Sell-side analysts expect that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The company also recently disclosed 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. This represents a $1.06 dividend on an annualized basis and a yield of 2.33%. ABM Industries’s dividend payout ratio (DPR) is 83.46%.

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.