Sterling Capital Management LLC Has $104,000 Stake in ABM Industries Incorporated (NYSE:ABM)

Sterling Capital Management LLC lifted its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 834.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,038 shares of the business services provider’s stock after acquiring an additional 1,820 shares during the period. Sterling Capital Management LLC’s holdings in ABM Industries were worth $104,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of ABM Industries in the fourth quarter valued at about $33,000. Adirondack Trust Co. increased its position in ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock worth $46,000 after buying an additional 200 shares during the period. Smartleaf Asset Management LLC raised its stake in ABM Industries by 193.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock worth $46,000 after purchasing an additional 595 shares in the last quarter. KBC Group NV raised its position in shares of ABM Industries by 60.9% in the fourth quarter. KBC Group NV now owns 2,819 shares of the business services provider’s stock valued at $144,000 after buying an additional 1,067 shares in the last quarter. Finally, Cable Hill Partners LLC acquired a new position in ABM Industries in the 4th quarter valued at $231,000. Institutional investors own 91.62% of the company’s stock.

ABM Industries Stock Performance

NYSE ABM opened at $47.29 on Wednesday. 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 Incorporated has a fifty-two week low of $40.85 and a fifty-two week high of $59.78. The stock has a market cap of $2.94 billion, a PE ratio of 37.24, a PEG ratio of 2.75 and a beta of 1.05. The firm’s fifty day moving average price is $48.70 and its two-hundred day moving average price is $52.09.

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, April 3rd. ABM Industries’s payout ratio is 84.13%.

Insider Buying and Selling

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 stock was sold at an average price of $52.84, for a total value of $528,400.00. Following the sale, the chief operating officer now owns 87,808 shares in the company, valued at approximately $4,639,774.72. The trade was a 10.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their target price on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating for the company in a research report 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.