Wasatch Advisors Inc. grew its position in shares of ABM Industries Incorporated (NYSE: ABM – Get Rating) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 608,155 shares of the business services provider’s stock after purchasing an additional 52,777 shares during the quarter. Wasatch Advisors Inc. owned approximately 0.90% of ABM Industries worth $ 24,843,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of ABM Industries by 1.9% during the 4th quarter. State Street Corp now owns 5,919,482 shares of the business services provider’s stock valued at $ 241,811,000 after purchasing an additional 108,388 shares during the last quarter. Vulcan Value Partners LLC grew its position in ABM Industries by 19.3% during the 3rd quarter. Vulcan Value Partners LLC now owns 1,699,988 shares of the business services provider’s stock worth $ 76,516,000 after acquiring an additional 275,424 shares during the last quarter. Principal Financial Group Inc. grew its position in ABM Industries by 19.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,604,308 shares of the business services provider’s stock worth $ 65,536,000 after acquiring an additional 261,413 shares during the last quarter. Victory Capital Management Inc. grew its position in ABM Industries by 18.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,552,321 shares of the business services provider’s stock worth $ 63,412,000 after acquiring an additional 247,272 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in ABM Industries by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 1,284,713 shares of the business services provider’s stock worth $ 52,480,000 after acquiring an additional 57,840 shares during the last quarter. Hedge funds and other institutional investors own 94.65% of the company stock.
ABM opened at $ 38.42 on Wednesday. ABM Industries Incorporated has a 52 week low of $ 38.08 and a 52 week high of $ 54.00. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.59. The stock has a market cap of $ 2.57 billion, a PE ratio of 18.04 and a beta of 1.10. The business has a 50 day moving average of $ 47.33 and a 200-day moving average of $ 44.84.
ABM Industries (NYSE: ABM – Get Rating) last posted its earnings results on Wednesday, June 8th. The business services provider reported $ 0.89 EPS for the quarter, topping analysts’ consensus estimates of $ 0.84 by $ 0.05. The business had revenue of $ 1.90 billion during the quarter, compared to analyst estimates of $ 1.88 billion. ABM Industries had a return on equity of 14.99% and a net margin of 2.06%. The company quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the company earned $ 0.82 EPS. Equities analysts anticipate that ABM Industries Incorporated will post 3.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Thursday, July 7th will be issued a $ 0.195 dividend. This represents a $ 0.78 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, July 6th. ABM Industries’s payout ratio is currently 36.62%.
Several research firms have weighed in on ABM. StockNews.com cut ABM Industries from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on ABM Industries from $ 62.00 to $ 65.00 in a report on Wednesday, April 20th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company stock. According to MarketBeat, ABM Industries has an average rating of “Hold” and a consensus target price of $ 60.00.
In other news, EVP Andrea R. Newborn sold 8,619 shares of the business’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $ 49.35, for a total value of $ 425,347.65. Following the transaction, the executive vice president now directly owns 40,976 shares in the company, valued at $ 2,022,165.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raul Javier Valentin sold 1,109 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $ 45.64, for a total value of $ 50,614.76. Following the completion of the transaction, the executive vice president now owns 14,337 shares in the company, valued at $ 654,340.68. The disclosure for this sale can be found here. Insiders sold 13,385 shares of company stock valued at $ 651,974 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.
ABM Industries Profile: (Get Rating)
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Technology & Manufacturing, Education, Aviation, and Technical Solutions segments. It provides janitorial, facilities engineering, parking, custodial, landscaping and ground, and mechanical and electrical services; and vehicle maintenance and other services to rental car providers.
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