Charles Schwab Investment Management Inc. Has $35.48 Million Stock Position in ABM Industries Incorporated (NYSE:ABM)

Charles Schwab Investment Management Inc. raised its holdings in ABM Industries Incorporated (NYSE:ABMFree Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 693,325 shares of the business services provider’s stock after buying an additional 12,319 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.11% of ABM Industries worth $35,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in shares of ABM Industries during the 4th quarter worth approximately $33,000. Adirondack Trust Co. grew its holdings in shares of ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock worth $46,000 after purchasing an additional 200 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of ABM Industries by 193.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock worth $46,000 after purchasing an additional 595 shares in the last quarter. Quarry LP grew its holdings in shares of ABM Industries by 49.7% during the 3rd quarter. Quarry LP now owns 2,171 shares of the business services provider’s stock worth $115,000 after purchasing an additional 721 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of ABM Industries by 60.9% during the 4th quarter. KBC Group NV now owns 2,819 shares of the business services provider’s stock worth $144,000 after purchasing an additional 1,067 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group decreased their price target on ABM Industries from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday.

Read Our Latest Stock Report on ABM Industries

Insider Buying and Selling at ABM Industries

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of ABM Industries stock in a transaction 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 transaction, the chief operating officer now owns 87,808 shares in the company, valued at approximately $4,639,774.72. The trade was a 10.22 % decrease in their position. 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 value 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 approximately $978,137.16. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

ABM Industries Price Performance

Shares of ABM stock opened at $46.76 on Monday. The stock’s fifty day simple moving average is $52.36 and its 200 day simple moving average is $53.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 2.75 and a beta of 1.13. ABM Industries Incorporated has a one year low of $42.28 and a one year high of $59.78.

ABM Industries (NYSE:ABMGet Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The business 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%. ABM Industries’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. On average, analysts expect that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The firm 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 $0.265 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 annualized dividend and a yield of 2.27%. ABM Industries’s payout ratio is 83.46%.

ABM Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ABM Industries (NYSE:ABM)

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