ABM Industries Incorporated (NYSE:ABM) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 227,225 shares of the business services provider’s stock after selling 13,192 shares during the period. Ameriprise Financial Inc.’s holdings in ABM Industries were worth $11,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in ABM Industries during the fourth quarter valued at $33,000. Adirondack Trust Co. raised its stake in shares of ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after buying an additional 200 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of ABM Industries by 193.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock valued at $46,000 after buying an additional 595 shares during the period. Sterling Capital Management LLC boosted its stake in shares of ABM Industries by 834.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider’s stock worth $104,000 after buying an additional 1,820 shares during the last quarter. Finally, KBC Group NV grew 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 acquiring an additional 1,067 shares during the period. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other ABM Industries news, EVP Sean Michael Mahoney sold 1,800 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $50.03, for a total transaction of $90,054.00. Following the completion of the transaction, the executive vice president now directly owns 47,425 shares in the company, valued at approximately $2,372,672.75. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott B. Salmirs sold 37,065 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.37, for a total transaction of $1,941,094.05. Following the transaction, the chief executive officer now directly owns 369,656 shares in the company, valued at approximately $19,358,884.72. The trade was a 9.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,374 shares of company stock worth $2,733,303 in the last ninety days. Company insiders own 0.90% of the company’s stock.

ABM Industries Stock Performance

Shares of NYSE ABM opened at $52.62 on Monday. The company has a market capitalization of $3.27 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 2.75 and a beta of 0.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. The company’s fifty day moving average price is $47.68 and its 200 day moving average price is $51.66. ABM Industries Incorporated has a 1 year low of $40.85 and a 1 year high of $59.78.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, April 3rd. ABM Industries’s payout ratio is currently 84.13%.

Analyst Ratings Changes

Separately, UBS Group reduced their price target on 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 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.