Boston Partners boosted its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,963 shares of the business services provider’s stock after purchasing an additional 17,276 shares during the period. Boston Partners owned 1.01% of ABM Industries worth $27,360,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in ABM. Lee Thomas H Partners LP acquired a new stake in ABM Industries during the 3rd quarter valued at $188,691,000. Vaughan Nelson Investment Management L.P. acquired a new stake in ABM Industries during the 2nd quarter valued at $30,970,000. Systematic Financial Management LP increased its holdings in ABM Industries by 1,079.2% during the 2nd quarter. Systematic Financial Management LP now owns 455,594 shares of the business services provider’s stock valued at $18,916,000 after purchasing an additional 416,959 shares in the last quarter. Teachers Advisors LLC increased its holdings in ABM Industries by 332.4% during the 1st quarter. Teachers Advisors LLC now owns 407,119 shares of the business services provider’s stock valued at $17,750,000 after purchasing an additional 312,972 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. acquired a new stake in ABM Industries during the 2nd quarter valued at $12,234,000. 85.64% of the stock is owned by hedge funds and other institutional investors.
In other ABM Industries news, SVP Dean A. Chin sold 880 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $42.90, for a total value of $37,752.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott J. Giacobbe sold 11,094 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $39.92, for a total value of $442,872.48. Following the completion of the transaction, the insider now owns 59,152 shares in the company, valued at $2,361,347.84. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
ABM Industries Incorporated (ABM) opened at $40.26 on Monday. The company has a market capitalization of $2,620.00, a price-to-earnings ratio of 21.30 and a beta of 0.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.52. ABM Industries Incorporated has a 12-month low of $37.12 and a 12-month high of $45.12.
ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. ABM Industries had a net margin of 0.29% and a return on equity of 11.37%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. equities research analysts predict that ABM Industries Incorporated will post 1.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 6th. Shareholders of record on Thursday, October 5th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.69%. ABM Industries’s payout ratio is 42.77%.
A number of equities research analysts recently weighed in on ABM shares. Robert W. Baird set a $47.00 price target on ABM Industries and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research raised ABM Industries from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Monday, July 17th. BidaskClub raised ABM Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, KeyCorp raised ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 price target for the company in a report on Monday, September 11th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.20.
ABM Industries Profile
ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.
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