Deutsche Bank AG Has $3.11 Million Stock Holdings in ABM Industries Incorporated (NYSE:ABM)

Deutsche Bank AG lifted its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 40.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,678 shares of the business services provider’s stock after buying an additional 17,584 shares during the period. Deutsche Bank AG owned about 0.10% of ABM Industries worth $3,106,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Bridgefront Capital LLC acquired a new position in shares of ABM Industries during the 4th quarter worth about $204,000. Captrust Financial Advisors boosted its stake in shares of ABM Industries by 2,101.3% during the 4th quarter. Captrust Financial Advisors now owns 172,057 shares of the business services provider’s stock worth $8,806,000 after buying an additional 164,241 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of ABM Industries by 52.1% during the 4th quarter. Bank of America Corp DE now owns 677,811 shares of the business services provider’s stock worth $34,690,000 after buying an additional 232,190 shares during the last quarter. Algert Global LLC boosted its stake in shares of ABM Industries by 10.1% during the 4th quarter. Algert Global LLC now owns 192,047 shares of the business services provider’s stock worth $9,829,000 after buying an additional 17,546 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of ABM Industries during the 4th quarter worth about $337,000. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other ABM Industries news, CEO Scott B. Salmirs sold 12,135 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $52.06, for a total value of $631,748.10. Following the transaction, the chief executive officer now directly owns 406,721 shares of the company’s stock, valued at $21,173,895.26. This represents a 2.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sean Michael Mahoney sold 574 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $50.06, for a total transaction of $28,734.44. Following the completion of the transaction, the executive vice president now directly owns 49,225 shares in the company, valued at approximately $2,464,203.50. This represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,374 shares of company stock valued at $2,733,303. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, UBS Group reduced their price objective 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 0.2%

Shares of ABM stock opened at $52.50 on Wednesday. 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 firm’s 50-day moving average is $47.93 and its 200-day moving average is $51.66. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 2.75 and a beta of 0.78. ABM Industries Incorporated has a 52-week low of $40.85 and a 52-week high of $59.78.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd were issued a $0.265 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.02%. ABM Industries’s payout ratio is 84.13%.

ABM Industries Company 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.