35,240 Shares in ABM Industries Incorporated (NYSE:ABM) Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC bought a new stake in ABM Industries Incorporated (NYSE:ABMFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 35,240 shares of the business services provider’s stock, valued at approximately $1,580,000. ABM Industries makes up about 0.5% of Nebula Research & Development LLC’s investment portfolio, making the stock its 11th largest position. Nebula Research & Development LLC owned about 0.06% of ABM Industries at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of ABM Industries by 1.6% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 267,080 shares of the business services provider’s stock worth $11,973,000 after purchasing an additional 4,300 shares during the last quarter. Humankind Investments LLC purchased a new position in shares of ABM Industries during the 4th quarter worth about $234,000. Quadrature Capital Ltd lifted its holdings in shares of ABM Industries by 203.0% during the 4th quarter. Quadrature Capital Ltd now owns 37,990 shares of the business services provider’s stock worth $1,703,000 after acquiring an additional 25,453 shares during the period. Seven Eight Capital LP purchased a new position in shares of ABM Industries during the 4th quarter worth about $795,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of ABM Industries during the 4th quarter worth about $649,000. 91.62% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ABM Industries

In other ABM Industries news, COO Rene Jacobsen sold 5,563 shares of ABM Industries stock in a transaction on Monday, March 25th. The shares were 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 of the company’s stock, valued at $4,868,000.43. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, COO Rene Jacobsen sold 5,563 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $43.59, for a total transaction of $242,491.17. Following the completion of the transaction, the chief operating officer now owns 111,677 shares of the company’s stock, valued at $4,868,000.43. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrea R. Newborn sold 12,615 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $45.00, for a total transaction of $567,675.00. Following the transaction, the executive vice president now directly owns 45,847 shares of the company’s stock, valued at approximately $2,063,115. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,643 shares of company stock valued at $1,055,490. 1.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ABM. Robert W. Baird increased their price objective on shares of ABM Industries from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday. UBS Group raised their price target on shares of ABM Industries from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, ABM Industries presently has an average rating of “Hold” and a consensus target price of $48.80.

Get Our Latest Stock Analysis on ABM Industries

ABM Industries Trading Up 1.0 %

NYSE ABM traded up $0.50 during mid-day trading on Tuesday, hitting $50.59. The company’s stock had a trading volume of 167,878 shares, compared to its average volume of 547,311. ABM Industries Incorporated has a 52-week low of $37.61 and a 52-week high of $53.05. The stock’s fifty day simple moving average is $45.62 and its two-hundred day simple moving average is $43.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $3.18 billion, a P/E ratio of 13.11 and a beta of 1.16.

ABM Industries (NYSE:ABMGet Free Report) last posted its quarterly earnings data on Thursday, June 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. ABM Industries had a net margin of 3.04% and a return on equity of 12.52%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 earnings per share. Research analysts expect that ABM Industries Incorporated will post 3.43 EPS for the current year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 5th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, July 5th. ABM Industries’s payout ratio is currently 23.56%.

ABM Industries Company 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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