First Horizon Advisors Inc. reduced its holdings in shares of ABM Industries Incorporated (NYSE:ABM – Get Rating) by 55.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 950 shares of the business services provider’s stock after selling 1,200 shares during the period. First Horizon Advisors Inc.’s holdings in ABM Industries were worth $36,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. State Street Corp grew its holdings in shares of ABM Industries by 19.3% during the first quarter. State Street Corp now owns 7,059,579 shares of the business services provider’s stock worth $325,023,000 after buying an additional 1,140,097 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of ABM Industries by 72.1% in the 2nd quarter. Victory Capital Management Inc. now owns 2,716,067 shares of the business services provider’s stock valued at $117,932,000 after purchasing an additional 1,137,941 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of ABM Industries by 353.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,396,596 shares of the business services provider’s stock valued at $60,641,000 after purchasing an additional 1,088,389 shares during the period. FMR LLC raised its stake in shares of ABM Industries by 178.7% during the second quarter. FMR LLC now owns 398,426 shares of the business services provider’s stock worth $17,300,000 after purchasing an additional 255,471 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of ABM Industries by 9.1% during the second quarter. Principal Financial Group Inc. now owns 1,790,995 shares of the business services provider’s stock worth $77,765,000 after purchasing an additional 149,637 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other ABM Industries news, CAO Dean A. Chin sold 2,815 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $47.86, for a total transaction of $134,725.90. Following the sale, the chief accounting officer now directly owns 19,735 shares in the company, valued at approximately $944,517.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Dean A. Chin sold 2,520 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $45.92, for a total value of $115,718.40. Following the sale, the chief accounting officer now owns 22,533 shares in the company, valued at approximately $1,034,715.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Dean A. Chin sold 2,815 shares of ABM Industries stock in a transaction on Monday, February 13th. The stock was sold at an average price of $47.86, for a total value of $134,725.90. Following the transaction, the chief accounting officer now directly owns 19,735 shares of the company’s stock, valued at $944,517.10. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.
ABM Industries Stock Performance
ABM Industries (NYSE:ABM – Get Rating) last issued its quarterly earnings results on Tuesday, December 13th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.89. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. ABM Industries had a net margin of 2.95% and a return on equity of 14.72%. On average, sell-side analysts predict that ABM Industries Incorporated will post 3.51 earnings per share for the current year.
ABM Industries Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, February 6th. Investors of record on Thursday, January 5th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, January 4th. This is an increase from ABM Industries’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.81%. ABM Industries’s payout ratio is 25.81%.
ABM Industries Profile
ABM Industries, Inc engages in the provision of facility, infrastructure, and mobility solutions. It operates through the following segments: Business and Industry, Manufacturing and Distribution, Education, Aviation, and Technical Solutions. The Business and Industry segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities.
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