Versor Investments LP Has $870,000 Stock Position in ABM Industries Incorporated (NYSE:ABM)

Versor Investments LP boosted its stake in ABM Industries Incorporated (NYSE:ABM) by 6.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,000 shares of the business services provider’s stock after buying an additional 1,000 shares during the period. Versor Investments LP’s holdings in ABM Industries were worth $870,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ABM. Capital Performance Advisors LLP acquired a new position in shares of ABM Industries during the 3rd quarter worth approximately $30,000. Adirondack Trust Co. grew its position in shares of ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock worth $46,000 after purchasing an additional 200 shares in the last quarter. Quarry LP grew its position in shares of ABM Industries by 49.7% during the 3rd quarter. Quarry LP now owns 2,171 shares of the business services provider’s stock worth $115,000 after purchasing an additional 721 shares in the last quarter. KBC Group NV grew its position in shares of ABM Industries by 60.9% during the 4th quarter. KBC Group NV now owns 2,819 shares of the business services provider’s stock worth $144,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in shares of ABM Industries during the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

Analysts Set New Price Targets

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

ABM Industries Stock Performance

Shares of ABM Industries stock opened at $53.93 on Friday. The company has a 50 day moving average of $52.34 and a 200-day moving average of $53.59. ABM Industries Incorporated has a 1-year low of $40.50 and a 1-year high of $59.78. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The company 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 issued its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts forecast that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Increases Dividend

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

Insider Transactions at ABM Industries

In related news, COO Rene Jacobsen sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 87,808 shares of the company’s stock, valued at $4,639,774.72. This represents a 10.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Dean A. Chin sold 4,281 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total transaction of $224,153.16. Following the completion of the transaction, the chief accounting officer now directly owns 18,681 shares of the company’s stock, valued at approximately $978,137.16. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

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.