Versor Investments LP Buys 1,000 Shares of ABM Industries Incorporated (NYSE:ABM)

Versor Investments LP grew its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 6.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 17,000 shares of the business services provider’s stock after purchasing an additional 1,000 shares during the period. Versor Investments LP’s holdings in ABM Industries were worth $870,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ABM. Capital Performance Advisors LLP bought a new position in shares of ABM Industries during the third quarter valued at $30,000. Adirondack Trust Co. raised its stake in shares of ABM Industries by 28.6% during the fourth quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. Quarry LP raised its stake in shares of ABM Industries by 49.7% during the third quarter. Quarry LP now owns 2,171 shares of the business services provider’s stock valued at $115,000 after acquiring an additional 721 shares during the last quarter. KBC Group NV raised its stake in shares of ABM Industries by 60.9% during the fourth quarter. KBC Group NV now owns 2,819 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in shares of ABM Industries during the third quarter valued at $210,000. Institutional investors own 91.62% of the company’s stock.

ABM Industries Trading Up 0.1 %

ABM opened at $53.93 on Friday. ABM Industries Incorporated has a twelve month low of $40.50 and a twelve month high of $59.78. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average of $52.34 and a 200-day moving average of $53.59. The stock has a market cap of $3.36 billion, a PE ratio of 42.46, a price-to-earnings-growth ratio of 2.75 and a beta of 1.16.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. ABM Industries had a net margin of 0.97% and a return on equity of 12.48%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the company posted $1.01 earnings per share. ABM Industries’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts predict that ABM Industries Incorporated will post 3.71 EPS for the current year.

ABM Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a dividend yield of 1.97%. ABM Industries’s dividend payout ratio is 83.46%.

Analyst Ratings Changes

Separately, UBS Group raised their price target on shares of ABM Industries from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th.

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total value of $528,400.00. Following the completion of the sale, the chief operating officer now directly owns 87,808 shares in the company, valued at approximately $4,639,774.72. This trade represents a 10.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Dean A. Chin sold 4,281 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total transaction of $224,153.16. Following the completion of the sale, the chief accounting officer now owns 18,681 shares of the company’s stock, valued at $978,137.16. The trade was a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

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.