ABM Industries Incorporated (NYSE:ABM) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its position in shares of ABM Industries Incorporated (NYSE:ABM) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,943 shares of the business services provider’s stock after selling 748 shares during the quarter. Yousif Capital Management LLC’s holdings in ABM Industries were worth $1,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in ABM Industries by 4,082.5% during the first quarter. GAMMA Investing LLC now owns 70,140 shares of the business services provider’s stock worth $3,322,000 after acquiring an additional 68,463 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of ABM Industries in the fourth quarter valued at about $7,044,000. PharVision Advisers LLC acquired a new stake in shares of ABM Industries in the fourth quarter valued at about $213,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ABM Industries by 15.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 171,334 shares of the business services provider’s stock valued at $8,769,000 after buying an additional 22,799 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in shares of ABM Industries by 7.4% in the fourth quarter. Tidal Investments LLC now owns 25,527 shares of the business services provider’s stock valued at $1,300,000 after buying an additional 1,766 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ABM has been the subject of a number of recent research reports. Robert W. Baird upgraded ABM Industries from a “neutral” rating to an “outperform” rating and set a $56.00 target price for the company in a research note on Monday, June 9th. Wall Street Zen lowered ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 31st. UBS Group upgraded ABM Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $50.00 to $54.00 in a research note on Monday, June 9th. Finally, Baird R W upgraded ABM Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ABM Industries has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Insiders Place Their Bets

In other ABM Industries news, CEO Scott B. Salmirs sold 37,065 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.37, for a total transaction of $1,941,094.05. Following the transaction, the chief executive officer now owns 369,656 shares of the company’s stock, valued at $19,358,884.72. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sean Michael Mahoney sold 574 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $50.06, for a total value of $28,734.44. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 56,085 shares of company stock valued at $2,902,227 in the last quarter. Insiders own 0.90% of the company’s stock.

ABM Industries Trading Down 1.5%

Shares of ABM opened at $44.20 on Wednesday. The company has a market capitalization of $2.75 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.32 and a beta of 0.83. ABM Industries Incorporated has a one year low of $40.85 and a one year high of $59.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a 50-day moving average price of $49.17 and a 200 day moving average price of $50.72.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Friday, June 6th. The business services provider reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.07 billion. ABM Industries had a net margin of 0.93% and a return on equity of 12.54%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. Sell-side analysts forecast that ABM Industries Incorporated will post 3.71 EPS for the current fiscal year.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, July 3rd. ABM Industries’s dividend payout ratio is presently 85.48%.

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.