Mariner LLC Boosts Holdings in ABM Industries Incorporated (NYSE:ABM)

Mariner LLC boosted its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,047 shares of the business services provider’s stock after acquiring an additional 608 shares during the period. Mariner LLC’s holdings in ABM Industries were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ABM. SBI Securities Co. Ltd. acquired a new position in shares of ABM Industries during the 4th quarter worth approximately $33,000. Adirondack Trust Co. increased its position in ABM Industries by 28.6% during the fourth quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock worth $46,000 after buying an additional 200 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of ABM Industries by 193.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock worth $46,000 after acquiring an additional 595 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of ABM Industries by 834.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 1,820 shares in the last quarter. Finally, KBC Group NV boosted its stake 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 acquiring an additional 1,067 shares during the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th.

ABM Industries Stock Down 0.3 %

ABM stock opened at $49.55 on Tuesday. The company has a 50 day moving average price of $47.95 and a two-hundred day moving average price of $51.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $3.08 billion, a P/E ratio of 39.02, a PEG ratio of 2.75 and a beta of 0.78. ABM Industries Incorporated has a one year low of $40.85 and a one year high of $59.78.

ABM Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 3rd were paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.06 annualized dividend and a yield of 2.14%. ABM Industries’s payout ratio is currently 84.13%.

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.