ABM Industries Incorporated (NYSE:ABM) Holdings Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in ABM Industries Incorporated (NYSE:ABM) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,562 shares of the business services provider’s stock after selling 5,061 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of ABM Industries worth $4,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in ABM Industries in the 4th quarter valued at about $33,000. Adirondack Trust Co. boosted its holdings in shares of ABM Industries by 28.6% in the fourth quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 200 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of ABM Industries by 193.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 595 shares during the period. KBC Group NV raised its holdings in ABM Industries by 60.9% during the fourth 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. Finally, Cable Hill Partners LLC acquired a new stake in ABM Industries in the fourth quarter worth approximately $231,000. Institutional investors own 91.62% of the company’s stock.

Insider Transactions at ABM Industries

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $52.84, for a total transaction of $528,400.00. Following the completion of the sale, the chief operating officer now directly owns 87,808 shares of the company’s stock, valued at approximately $4,639,774.72. This represents a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

ABM Industries Stock Up 0.2 %

NYSE ABM opened at $47.06 on Wednesday. The company has a market capitalization of $2.93 billion, a P/E ratio of 37.06, a PEG ratio of 2.75 and a beta of 1.05. ABM Industries Incorporated has a 12 month low of $40.85 and a 12 month high of $59.78. 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 company’s 50 day simple moving average is $49.43 and its 200 day simple moving average is $52.29.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.25%. ABM Industries’s dividend payout ratio (DPR) is presently 84.13%.

Analysts Set New Price Targets

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

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.