Quadrature Capital Ltd reduced its holdings in ABM Industries Incorporated (NYSE:ABM – Free Report) by 43.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,435 shares of the business services provider’s stock after selling 16,555 shares during the quarter. Quadrature Capital Ltd’s holdings in ABM Industries were worth $957,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in ABM Industries during the 4th quarter valued at $25,000. SRS Capital Advisors Inc. increased its holdings in shares of ABM Industries by 323.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 669 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 511 shares in the last quarter. Clarity Asset Management Inc. purchased a new position in ABM Industries in the 4th quarter worth approximately $54,000. Quest Partners LLC bought a new position in shares of ABM Industries during the 4th quarter valued at $58,000. Finally, TFO Wealth Partners LLC boosted its position in ABM Industries by 166,500.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,666 shares of the business services provider’s stock worth $750,000 after purchasing an additional 1,665 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.
Insider Transactions at ABM Industries
In related news, COO Rene Jacobsen sold 40,000 shares of ABM Industries stock in a transaction on Monday, July 15th. The stock was sold at an average price of $51.67, for a total value of $2,066,800.00. Following the completion of the transaction, the chief operating officer now directly owns 72,062 shares in the company, valued at $3,723,443.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other ABM Industries news, COO Rene Jacobsen sold 40,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $51.67, for a total value of $2,066,800.00. Following the sale, the chief operating officer now owns 72,062 shares of the company’s stock, valued at approximately $3,723,443.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott B. Salmirs sold 25,000 shares of ABM Industries stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $48.90, for a total transaction of $1,222,500.00. Following the completion of the transaction, the chief executive officer now owns 378,391 shares of the company’s stock, valued at approximately $18,503,319.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,393 shares of company stock valued at $4,606,923. 1.04% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on ABM
ABM Industries Trading Up 0.9 %
Shares of NYSE:ABM traded up $0.47 during mid-day trading on Friday, reaching $55.08. 426,196 shares of the company were exchanged, compared to its average volume of 495,942. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 14.42 and a beta of 1.16. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.44 and a quick ratio of 1.44. ABM Industries Incorporated has a 1 year low of $37.61 and a 1 year high of $56.02. The firm’s 50-day simple moving average is $50.25 and its 200 day simple moving average is $45.43.
ABM Industries (NYSE:ABM – Get Free Report) last posted its earnings results on Thursday, June 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. ABM Industries had a return on equity of 12.52% and a net margin of 3.04%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the company earned $0.90 EPS. ABM Industries’s revenue was up 1.7% on a year-over-year basis. Equities research analysts forecast that ABM Industries Incorporated will post 3.46 EPS for the current year.
ABM Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, July 5th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.90 annualized dividend and a dividend yield of 1.63%. ABM Industries’s dividend payout ratio (DPR) is 23.56%.
About ABM Industries
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.
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