Quantbot Technologies LP purchased a new position in shares of ABM Industries Incorporated (NYSE:ABM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 39,495 shares of the business services provider’s stock, valued at approximately $1,647,000. Quantbot Technologies LP owned about 0.06% of ABM Industries as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of ABM Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,629 shares of the business services provider’s stock valued at $109,000 after buying an additional 229 shares during the period. Riverhead Capital Management LLC boosted its stake in ABM Industries by 60.4% during the second quarter. Riverhead Capital Management LLC now owns 3,528 shares of the business services provider’s stock valued at $146,000 after buying an additional 1,328 shares during the period. Hillsdale Investment Management Inc. lifted its stake in ABM Industries by 12,666.7% during the second quarter. Hillsdale Investment Management Inc. now owns 3,830 shares of the business services provider’s stock worth $159,000 after purchasing an additional 3,800 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in ABM Industries during the second quarter worth about $164,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of ABM Industries by 6.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,839 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 236 shares during the last quarter. 96.04% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Dean A. Chin sold 880 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $42.90, for a total transaction of $37,752.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott J. Giacobbe sold 11,094 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total transaction of $442,872.48. Following the sale, the insider now directly owns 59,152 shares of the company’s stock, valued at approximately $2,361,347.84. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
ABM has been the topic of a number of analyst reports. Robert W. Baird set a $47.00 price target on ABM Industries and gave the stock a “buy” rating in a research report on Thursday, August 24th. BidaskClub upgraded ABM Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Zacks Investment Research upgraded ABM Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, KeyCorp raised shares of ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 price target for the company in a report on Monday, September 11th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ABM Industries currently has an average rating of “Buy” and an average price target of $48.20.
ABM Industries Incorporated (ABM) traded up $1.35 during midday trading on Monday, reaching $44.01. 354,212 shares of the company’s stock traded hands, compared to its average volume of 317,845. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.27. ABM Industries Incorporated has a fifty-two week low of $37.12 and a fifty-two week high of $45.12. The stock has a market capitalization of $2,870.00, a price-to-earnings ratio of 22.57 and a beta of 0.80.
ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). ABM Industries had a return on equity of 11.37% and a net margin of 0.29%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. analysts forecast that ABM Industries Incorporated will post 1.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 6th. Investors of record on Thursday, October 5th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.55%. ABM Industries’s dividend payout ratio is presently 42.77%.
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ABM Industries Profile
ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.
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