Van ECK Associates Corp trimmed its stake in ABM Industries Incorporated (NYSE:ABM – Free Report) by 9.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,792 shares of the business services provider’s stock after selling 5,213 shares during the period. Van ECK Associates Corp owned about 0.07% of ABM Industries worth $2,148,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Planning increased its holdings in ABM Industries by 1.6% in the second quarter. Creative Planning now owns 14,095 shares of the business services provider’s stock valued at $612,000 after purchasing an additional 216 shares during the period. Arizona State Retirement System increased its holdings in ABM Industries by 1.7% in the first quarter. Arizona State Retirement System now owns 19,167 shares of the business services provider’s stock valued at $861,000 after purchasing an additional 321 shares during the period. First Horizon Advisors Inc. increased its holdings in ABM Industries by 34.2% in the fourth quarter. First Horizon Advisors Inc. now owns 1,275 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 325 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in ABM Industries by 1.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,737 shares of the business services provider’s stock valued at $1,276,000 after purchasing an additional 333 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in ABM Industries by 2.1% in the first quarter. SummerHaven Investment Management LLC now owns 18,516 shares of the business services provider’s stock valued at $832,000 after purchasing an additional 374 shares during the period. 93.66% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at ABM Industries
In other news, CEO Scott B. Salmirs sold 14,983 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $45.44, for a total transaction of $680,827.52. Following the transaction, the chief executive officer now owns 350,391 shares of the company’s stock, valued at approximately $15,921,767.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.85% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Report on ABM Industries
ABM Industries Stock Performance
Shares of ABM opened at $45.54 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $3.01 billion, a P/E ratio of 15.49 and a beta of 1.07. The firm’s fifty day simple moving average is $43.64 and its two-hundred day simple moving average is $44.54. ABM Industries Incorporated has a 12 month low of $37.68 and a 12 month high of $50.20.
ABM Industries (NYSE:ABM – Get Free Report) last issued its quarterly earnings results on Tuesday, June 6th. The business services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2 billion. ABM Industries had a net margin of 2.47% and a return on equity of 13.63%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. As a group, analysts predict that ABM Industries Incorporated will post 3.5 EPS for the current year.
ABM Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Thursday, July 6th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.93%. ABM Industries’s dividend payout ratio (DPR) is presently 29.93%.
ABM Industries Profile
ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. The company operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.
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