O Shaughnessy Asset Management LLC Acquires 732 Shares of ABM Industries Incorporated (NYSE:ABM)

O Shaughnessy Asset Management LLC raised its stake in ABM Industries Incorporated (NYSE:ABM) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,110 shares of the business services provider’s stock after acquiring an additional 732 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in ABM Industries were worth $313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in ABM Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,198,258 shares of the business services provider’s stock valued at $419,587,000 after purchasing an additional 55,584 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of ABM Industries by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,451,252 shares of the business services provider’s stock valued at $76,582,000 after acquiring an additional 7,050 shares in the last quarter. American Century Companies Inc. grew its position in ABM Industries by 2,322.1% during the 4th quarter. American Century Companies Inc. now owns 1,183,695 shares of the business services provider’s stock worth $60,582,000 after acquiring an additional 1,134,825 shares during the last quarter. Norges Bank acquired a new position in ABM Industries in the 4th quarter worth about $43,967,000. Finally, Pzena Investment Management LLC raised its position in ABM Industries by 22.5% in the fourth quarter. Pzena Investment Management LLC now owns 850,914 shares of the business services provider’s stock valued at $43,550,000 after purchasing an additional 156,450 shares during the last quarter. 91.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

ABM Industries Stock Up 3.8 %

Shares of ABM opened at $46.06 on Friday. The company has a market capitalization of $2.87 billion, a PE ratio of 36.27, a PEG ratio of 2.75 and a beta of 1.05. The stock’s 50-day moving average price is $49.68 and its two-hundred day moving average price is $52.35. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. ABM Industries Incorporated has a 12 month low of $40.85 and a 12 month high of $59.78.

ABM Industries Announces Dividend

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 issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 2.30%. The ex-dividend date is Thursday, April 3rd. ABM Industries’s payout ratio is presently 84.13%.

Insider Buying and Selling at ABM Industries

In related news, CAO Dean A. Chin sold 4,281 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 trade represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 owns 87,808 shares of the company’s stock, valued at approximately $4,639,774.72. The trade was a 10.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

ABM Industries Company 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.