Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of ABM Industries, Inc. (NYSE:ABM) by 62.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 798,509 shares of the business services provider’s stock after acquiring an additional 307,846 shares during the period. ABM Industries makes up about 1.6% of Dalton Greiner Hartman Maher & Co.’s investment portfolio, making the stock its 6th biggest position. Dalton Greiner Hartman Maher & Co. owned 1.22% of ABM Industries worth $30,120,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in ABM. Marshall Wace North America L.P. acquired a new stake in ABM Industries in the 2nd quarter valued at about $261,000. State Board of Administration of Florida Retirement System increased its position in ABM Industries by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 53,260 shares of the business services provider’s stock valued at $2,211,000 after acquiring an additional 238 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of ABM Industries by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 5,209 shares of the business services provider’s stock worth $216,000 after buying an additional 782 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of ABM Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,629 shares of the business services provider’s stock worth $109,000 after buying an additional 229 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of ABM Industries by 5.8% during the 2nd quarter. Principal Financial Group Inc. now owns 471,406 shares of the business services provider’s stock worth $19,573,000 after buying an additional 25,860 shares during the period. 94.09% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on ABM shares. Zacks Investment Research raised shares of ABM Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 7th. TheStreet lowered shares of ABM Industries from a “b” rating to a “c+” rating in a research report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. ABM Industries presently has an average rating of “Buy” and a consensus price target of $49.50.
In other news, Director Linda Chavez sold 2,103 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $38.89, for a total value of $81,785.67. Following the completion of the transaction, the director now owns 16,557 shares of the company’s stock, valued at $643,901.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
ABM Industries, Inc. (NYSE:ABM) traded down $0.40 during trading hours on Wednesday, hitting $38.47. 374,100 shares of the company’s stock traded hands, compared to its average volume of 468,650. ABM Industries, Inc. has a 12-month low of $36.61 and a 12-month high of $45.12. The firm has a market capitalization of $2,546.54, a P/E ratio of 549.65 and a beta of 0.81. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.63 and a current ratio of 1.63.
ABM Industries (NYSE:ABM) last released its quarterly earnings results on Wednesday, December 13th. The business services provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.12). ABM Industries had a net margin of 0.07% and a return on equity of 9.74%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company posted $0.51 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. equities research analysts expect that ABM Industries, Inc. will post 1.77 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Thursday, January 4th will be given a dividend of $0.175 per share. This is a boost from ABM Industries’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, January 3rd. This represents a $0.70 annualized dividend and a yield of 1.82%. ABM Industries’s dividend payout ratio is currently 1,000.14%.
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ABM Industries Company 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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