ABM Industries Incorporated (NYSE:ABM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 91.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,813 shares of the business services provider’s stock after selling 31,165 shares during the period. SG Americas Securities LLC’s holdings in ABM Industries were worth $126,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Creative Planning increased its holdings in shares of ABM Industries by 1.6% during the second quarter. Creative Planning now owns 14,095 shares of the business services provider’s stock valued at $612,000 after purchasing an additional 216 shares during the period. Arizona State Retirement System increased its holdings in shares of ABM Industries by 1.4% during the third quarter. Arizona State Retirement System now owns 18,833 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 265 shares during the period. Inspire Investing LLC increased its holdings in shares of ABM Industries by 3.9% during the third quarter. Inspire Investing LLC now owns 7,692 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 286 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of ABM Industries by 4.5% during the third quarter. Verdence Capital Advisors LLC now owns 7,811 shares of the business services provider’s stock valued at $313,000 after purchasing an additional 334 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of ABM Industries by 0.9% during the first quarter. HighTower Advisors LLC now owns 40,718 shares of the business services provider’s stock valued at $1,822,000 after purchasing an additional 359 shares during the period. 91.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ABM Industries

In related news, COO Rene Jacobsen sold 5,563 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $43.59, for a total value of $242,491.17. Following the completion of the transaction, the chief operating officer now owns 111,677 shares in the company, valued at approximately $4,868,000.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other ABM Industries news, CAO Dean A. Chin sold 5,465 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $44.89, for a total transaction of $245,323.85. Following the completion of the sale, the chief accounting officer now directly owns 19,972 shares in the company, valued at approximately $896,543.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Rene Jacobsen sold 5,563 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $43.59, for a total value of $242,491.17. Following the sale, the chief operating officer now owns 111,677 shares of the company’s stock, valued at $4,868,000.43. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.20.

ABM Industries Trading Down 1.5 %

Shares of ABM stock opened at $43.63 on Thursday. The stock has a 50-day simple moving average of $42.45 and a 200 day simple moving average of $42.30. ABM Industries Incorporated has a fifty-two week low of $37.61 and a fifty-two week high of $53.05. The stock has a market capitalization of $2.76 billion, a P/E ratio of 11.16 and a beta of 1.16. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.

ABM Industries (NYSE:ABM) last announced its earnings results on Thursday, March 7th. The business services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. ABM Industries had a return on equity of 12.88% and a net margin of 3.15%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business posted $0.79 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that ABM Industries Incorporated will post 3.37 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, April 4th will be given a $0.225 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.06%. ABM Industries’s dividend payout ratio (DPR) is 23.02%.

About ABM Industries

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.