ABM Industries Incorporated (NYSE:ABM) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in shares of ABM Industries Incorporated (NYSE:ABM) by 18.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,923 shares of the business services provider’s stock after acquiring an additional 753 shares during the quarter. Xponance Inc.’s holdings in ABM Industries were worth $252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ABM. Geode Capital Management LLC grew its holdings in ABM Industries by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,451,252 shares of the business services provider’s stock valued at $76,582,000 after purchasing an additional 7,050 shares during the period. Pzena Investment Management LLC increased its holdings in ABM Industries by 22.5% in the 4th quarter. Pzena Investment Management LLC now owns 850,914 shares of the business services provider’s stock worth $43,550,000 after acquiring an additional 156,450 shares in the last quarter. William Blair Investment Management LLC raised its position in ABM Industries by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 818,810 shares of the business services provider’s stock worth $41,907,000 after acquiring an additional 19,783 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in ABM Industries by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 693,325 shares of the business services provider’s stock valued at $35,484,000 after purchasing an additional 12,319 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of ABM Industries by 4.3% in the fourth quarter. Principal Financial Group Inc. now owns 341,616 shares of the business services provider’s stock valued at $17,484,000 after purchasing an additional 13,985 shares during the period. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Trading Down 1.9 %

Shares of ABM stock opened at $47.28 on Friday. ABM Industries Incorporated has a fifty-two week low of $42.63 and a fifty-two week high of $59.78. The firm has a market capitalization of $2.94 billion, a P/E ratio of 37.23, a PEG ratio of 2.75 and a beta of 1.13. The stock’s fifty day moving average is $51.51 and its two-hundred day moving average is $52.80. 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 Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 dividend on an annualized basis and a yield of 2.24%. ABM Industries’s payout ratio is presently 84.13%.

Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their price target on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th.

Insider Activity at ABM Industries

In other ABM Industries news, CAO Dean A. Chin sold 4,281 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total value of $224,153.16. Following the completion of the sale, the chief accounting officer now directly owns 18,681 shares in the company, valued at $978,137.16. This represents a 18.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief operating officer now owns 87,808 shares in the company, valued at approximately $4,639,774.72. This represents a 10.22 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

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.