Vanguard Group Inc. Has $419.59 Million Stock Position in ABM Industries Incorporated (NYSE:ABM)

Vanguard Group Inc. boosted its holdings in ABM Industries Incorporated (NYSE:ABM) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,198,258 shares of the business services provider’s stock after buying an additional 55,584 shares during the quarter. Vanguard Group Inc. owned approximately 13.18% of ABM Industries worth $419,587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC acquired a new stake in shares of ABM Industries in the 4th quarter valued at approximately $392,000. Jane Street Group LLC boosted its position in ABM Industries by 91.8% in the third quarter. Jane Street Group LLC now owns 82,094 shares of the business services provider’s stock valued at $4,331,000 after buying an additional 39,300 shares in the last quarter. Olstein Capital Management L.P. grew its stake in shares of ABM Industries by 3.6% during the fourth quarter. Olstein Capital Management L.P. now owns 195,821 shares of the business services provider’s stock worth $10,022,000 after buying an additional 6,821 shares during the last quarter. KBC Group NV increased its holdings 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 worth $144,000 after buying an additional 1,067 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of ABM Industries by 2.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 138,889 shares of the business services provider’s stock valued at $7,108,000 after acquiring an additional 3,804 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of ABM Industries stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $52.84, for a total value of $528,400.00. Following the completion of the sale, the chief operating officer now directly owns 87,808 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, CAO Dean A. Chin sold 4,281 shares of ABM Industries 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 sale, the chief accounting officer now owns 18,681 shares of the company’s stock, valued at $978,137.16. This represents a 18.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

ABM Industries Trading Up 3.0 %

ABM opened at $49.32 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. ABM Industries Incorporated has a fifty-two week low of $42.63 and a fifty-two week high of $59.78. The company’s 50 day moving average price is $51.20 and its two-hundred day moving average price is $52.78. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.75 and a beta of 1.05.

ABM Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries’s dividend payout ratio is currently 84.13%.

Analysts Set New Price Targets

Separately, UBS Group reduced their price objective on 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.