SG Americas Securities LLC Has $126,000 Position in ABM Industries Incorporated (NYSE:ABM)

SG Americas Securities LLC lowered its holdings in ABM Industries Incorporated (NYSE:ABM) by 91.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,813 shares of the business services provider’s stock after selling 31,165 shares during the period. SG Americas Securities LLC’s holdings in ABM Industries were worth $126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV boosted its stake in ABM Industries by 14.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 12,998 shares of the business services provider’s stock worth $583,000 after purchasing an additional 1,659 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in ABM Industries by 8.1% in the fourth quarter. Cornerstone Wealth Management LLC now owns 9,207 shares of the business services provider’s stock worth $413,000 after purchasing an additional 688 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in ABM Industries in the fourth quarter worth $48,000. Neo Ivy Capital Management boosted its stake in ABM Industries by 565.7% in the third quarter. Neo Ivy Capital Management now owns 19,172 shares of the business services provider’s stock worth $767,000 after purchasing an additional 16,292 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of ABM Industries by 12.2% during the third quarter. Deutsche Bank AG now owns 38,975 shares of the business services provider’s stock worth $1,559,000 after acquiring an additional 4,235 shares during the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

Insider Activity at ABM Industries

In related news, COO Rene Jacobsen sold 5,563 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $43.59, for a total value of $242,491.17. Following the completion of the sale, the chief operating officer now owns 111,677 shares in the company, valued at $4,868,000.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other ABM Industries news, CAO Dean A. Chin sold 5,465 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $44.89, for a total value of $245,323.85. Following the completion of the transaction, the chief accounting officer now directly owns 19,972 shares of the company’s stock, valued at $896,543.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Rene Jacobsen sold 5,563 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $43.59, for a total value of $242,491.17. Following the completion of the transaction, the chief operating officer now directly owns 111,677 shares of the company’s stock, valued at $4,868,000.43. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

ABM Industries Trading Down 1.5 %

ABM stock opened at $43.63 on Thursday. The business has a fifty day moving average of $42.45 and a 200-day moving average of $42.30. The company has a market cap of $2.76 billion, a P/E ratio of 11.16 and a beta of 1.16. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. ABM Industries Incorporated has a twelve month low of $37.61 and a twelve month high of $53.05.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.01 billion. ABM Industries had a return on equity of 12.88% and a net margin of 3.15%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. As a group, equities research analysts expect that ABM Industries Incorporated will post 3.37 EPS for the current year.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, April 4th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $0.90 dividend on an annualized basis and a yield of 2.06%. ABM Industries’s dividend payout ratio is presently 23.02%.

Analyst Ratings Changes

Separately, StockNews.com downgraded ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, ABM Industries has an average rating of “Hold” and a consensus target price of $45.20.

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.