2 weeks Ago By ABMN Staff
JPMorgan Chase & Co. lowered its stake in shares of ABM Industries Incorporated ( NYSE:ABM – Free Report ) by 2.6% in the fourth quarter, Holdings Channel.
com reports. The firm owned 980,856 shares of the business services provider’s stock after selling 26,550 shares during the period. JPMorgan Chase & Co.
’s holdings in ABM Industries were worth $50,200,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently modified their holdings of ABM. Miracle Mile Advisors LLC bought a new stake in ABM Industries during the fourth quarter worth $392,000.
Jane Street Group LLC grew its stake in shares of ABM Industries by 91.8% in the 3rd quarter. Jane Street Group LLC now owns 82,094 shares of the business services provider’s stock worth $4,331,000 after acquiring an additional 39,300 shares in the last quarter.
Olstein Capital Management L.P. raised its holdings in shares of ABM Industries by 3.
6% in the fourth quarter. Olstein Capital Management L.P.
now owns 195,821 shares of the business services provider’s stock valued at $10,022,000 after purchasing an additional 6,821 shares during the last quarter. KBC Group NV lifted its position in shares of ABM Industries by 60.9% during the fourth quarter.
KBC Group NV now owns 2,819 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in ABM Industries by 2.8% during the fourth quarter.
Allspring Global Investments Holdings LLC now owns 138,889 shares of the business services provider’s stock worth $7,108,000 after purchasing an additional 3,804 shares during the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes Separately, UBS Group dropped their target price on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th.
ABM Industries Stock Down 2.7 % ABM Industries stock opened at $45.25 on Friday.
The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.
73. The company has a market capitalization of $2.82 billion, a P/E ratio of 35.
63, a P/E/G ratio of 2.75 and a beta of 1.05.
The firm has a 50 day moving average price of $50.93 and a 200-day moving average price of $52.70.
ABM Industries Incorporated has a twelve month low of $42.63 and a twelve month high of $59.78.
ABM Industries Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd will be paid a $0.265 dividend.
The ex-dividend date is Thursday, April 3rd. This represents a $1.06 annualized dividend and a dividend yield of 2.
34%. ABM Industries’s payout ratio is presently 84.13%.
Insider Activity In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total transaction of $528,400.
00. Following the sale, the chief operating officer now owns 87,808 shares of the company’s stock, valued at $4,639,774.72.
The trade was a 10.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link .
Also, CAO Dean A. Chin sold 4,281 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $52.
36, for a total value of $224,153.16. Following the sale, the chief accounting officer now owns 18,681 shares in the company, valued at approximately $978,137.
16. This represents a 18.64 % decrease in their position.
The disclosure for this sale can be found here . Insiders own 0.90% of the company’s stock.
ABM Industries Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding ABM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for ABM Industries Incorporated ( NYSE:ABM – Free Report ). Receive News & Ratings for ABM Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABM Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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