Boston Partners Has $22.89 Million Stake in ABM Industries (ABM)

Boston Partners lessened its holdings in ABM Industries (NYSE:ABM) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 683,652 shares of the business services provider’s stock after selling 14,942 shares during the period. Boston Partners owned about 1.04% of ABM Industries worth $22,889,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. grew its holdings in ABM Industries by 5.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 306,227 shares of the business services provider’s stock worth $11,551,000 after acquiring an additional 16,186 shares in the last quarter. Dudley & Shanley LLC grew its holdings in ABM Industries by 31.4% during the 4th quarter. Dudley & Shanley LLC now owns 689,200 shares of the business services provider’s stock worth $25,997,000 after acquiring an additional 164,650 shares in the last quarter. Legato Capital Management LLC boosted its holdings in shares of ABM Industries by 59.6% in the 4th quarter. Legato Capital Management LLC now owns 12,222 shares of the business services provider’s stock valued at $461,000 after buying an additional 4,563 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of ABM Industries by 17.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,448,550 shares of the business services provider’s stock valued at $54,639,000 after buying an additional 212,775 shares during the period. Finally, Reilly Financial Advisors LLC boosted its holdings in shares of ABM Industries by 9.1% in the 4th quarter. Reilly Financial Advisors LLC now owns 35,135 shares of the business services provider’s stock valued at $1,325,000 after buying an additional 2,945 shares during the period. 99.83% of the stock is currently owned by institutional investors and hedge funds.

ABM Industries opened at $29.73 on Monday, according to Marketbeat.com. The company has a market capitalization of $1.95 billion, a P/E ratio of 16.99 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.74 and a current ratio of 1.74. ABM Industries has a 12 month low of $29.72 and a 12 month high of $45.12.

ABM Industries (NYSE:ABM) last released its earnings results on Tuesday, March 6th. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). ABM Industries had a return on equity of 8.33% and a net margin of 1.55%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the business earned $0.38 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. research analysts expect that ABM Industries will post 1.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 7th. Shareholders of record on Thursday, April 5th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, April 4th. ABM Industries’s dividend payout ratio is 40.00%.

Several research firms have recently commented on ABM. Zacks Investment Research raised shares of ABM Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. ValuEngine downgraded shares of ABM Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Robert W. Baird set a $40.00 price objective on shares of ABM Industries and gave the company a “buy” rating in a research report on Saturday, March 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $45.75.

About ABM Industries

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through five segments: Business & Industry, Aviation, Emerging Industries Group, Technical Solutions, and GCA Services. It offers janitorial, facilities engineering, parking, passenger assistance, catering, air cabin maintenance, transportation, and specialized mechanical and electrical services.

Institutional Ownership by Quarter for ABM Industries (NYSE:ABM)

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