ABM Industries (ABM) Holdings Boosted by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC raised its stake in shares of ABM Industries (NYSE:ABM) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,678 shares of the business services provider’s stock after acquiring an additional 26,223 shares during the period. TIAA CREF Investment Management LLC owned about 0.29% of ABM Industries worth $7,268,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in ABM Industries by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 465,438 shares of the business services provider’s stock valued at $17,556,000 after acquiring an additional 1,558 shares in the last quarter. Burney Co. raised its stake in shares of ABM Industries by 25.5% during the 4th quarter. Burney Co. now owns 8,629 shares of the business services provider’s stock worth $325,000 after purchasing an additional 1,754 shares during the period. New York State Common Retirement Fund raised its stake in shares of ABM Industries by 1.6% during the 3rd quarter. New York State Common Retirement Fund now owns 123,585 shares of the business services provider’s stock worth $5,155,000 after purchasing an additional 1,949 shares during the period. Baker Ellis Asset Management LLC raised its stake in shares of ABM Industries by 13.6% during the 4th quarter. Baker Ellis Asset Management LLC now owns 16,875 shares of the business services provider’s stock worth $637,000 after purchasing an additional 2,025 shares during the period. Finally, Swiss National Bank raised its stake in shares of ABM Industries by 2.7% during the 4th quarter. Swiss National Bank now owns 95,000 shares of the business services provider’s stock worth $3,583,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

NYSE ABM opened at $32.25 on Friday. The firm has a market cap of $2,117.60, a PE ratio of 19.82 and a beta of 0.83. ABM Industries has a one year low of $32.08 and a one year high of $45.12. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.83.



ABM Industries (NYSE:ABM) last released its earnings results on Tuesday, March 6th. The business services provider reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. ABM Industries had a return on equity of 8.33% and a net margin of 1.55%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. sell-side analysts forecast that ABM Industries will post 1.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Shareholders of record on Thursday, April 5th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, April 4th. ABM Industries’s payout ratio is presently 40.00%.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded ABM Industries from a “strong sell” rating to a “hold” rating and set a $44.00 target price on the stock in a research note on Monday, January 22nd. TheStreet cut ABM Industries from a “b” rating to a “c+” rating in a research note on Friday, December 29th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $40.00 target price (up from $39.00) on shares of ABM Industries in a research note on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.75.

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ABM Industries Company Profile

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through five segments: Business & Industry, Aviation, Emerging Industries Group, Technical Solutions, and GCA Services. It offers janitorial, facilities engineering, parking, passenger assistance, catering, air cabin maintenance, transportation, and specialized mechanical and electrical services.

Institutional Ownership by Quarter for ABM Industries (NYSE:ABM)

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