ABM Industries Incorporated (NYSE:ABM) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in ABM Industries Incorporated (NYSE:ABM) by 30.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,633 shares of the business services provider’s stock after acquiring an additional 8,244 shares during the period. New York State Common Retirement Fund’s holdings in ABM Industries were worth $1,597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Fuller & Thaler Asset Management Inc. grew its stake in shares of ABM Industries by 20.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,262,155 shares of the business services provider’s stock worth $50,499,000 after acquiring an additional 215,795 shares in the last quarter. Invesco Ltd. grew its stake in shares of ABM Industries by 5.4% during the third quarter. Invesco Ltd. now owns 1,033,051 shares of the business services provider’s stock worth $41,332,000 after purchasing an additional 53,318 shares in the last quarter. Northern Trust Corp grew its stake in shares of ABM Industries by 1.1% during the third quarter. Northern Trust Corp now owns 932,847 shares of the business services provider’s stock worth $37,323,000 after purchasing an additional 10,020 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ABM Industries by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 611,698 shares of the business services provider’s stock worth $24,474,000 after purchasing an additional 15,976 shares in the last quarter. Finally, Goodman Financial Corp grew its stake in shares of ABM Industries by 2.4% during the third quarter. Goodman Financial Corp now owns 240,077 shares of the business services provider’s stock worth $9,605,000 after purchasing an additional 5,552 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

Insider Activity at ABM Industries

In related news, EVP Andrea R. Newborn sold 12,615 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $45.00, for a total value of $567,675.00. Following the completion of the sale, the executive vice president now directly owns 45,847 shares of the company’s stock, valued at $2,063,115. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Andrea R. Newborn sold 12,615 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $45.00, for a total transaction of $567,675.00. Following the completion of the sale, the executive vice president now owns 45,847 shares in the company, valued at $2,063,115. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Rene Jacobsen sold 5,563 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $43.59, for a total transaction of $242,491.17. Following the sale, the chief operating officer now owns 111,677 shares of the company’s stock, valued at approximately $4,868,000.43. The disclosure for this sale can be found here. Insiders sold a total of 23,643 shares of company stock valued at $1,055,490 over the last ninety days. Insiders own 1.04% of the company’s stock.

Analyst Ratings Changes

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

ABM Industries Price Performance

Shares of ABM opened at $45.37 on Friday. ABM Industries Incorporated has a 1-year low of $37.61 and a 1-year high of $53.05. The stock has a market cap of $2.87 billion, a PE ratio of 11.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a fifty day moving average price of $43.67 and a 200 day moving average price of $42.58.

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

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Thursday, April 4th were given a $0.225 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $0.90 dividend on an annualized basis and a yield of 1.98%. ABM Industries’s dividend payout ratio (DPR) is presently 23.02%.

About ABM Industries

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.