ABM Industries, Inc. (ABM) Position Increased by Legal & General Group Plc

Legal & General Group Plc boosted its stake in ABM Industries, Inc. (NYSE:ABM) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,174 shares of the business services provider’s stock after acquiring an additional 16,733 shares during the period. Legal & General Group Plc owned 0.27% of ABM Industries worth $5,717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Nordea Investment Management AB raised its holdings in ABM Industries by 37.5% in the third quarter. Nordea Investment Management AB now owns 145,716 shares of the business services provider’s stock valued at $4,699,000 after acquiring an additional 39,748 shares in the last quarter. Teachers Advisors LLC raised its holdings in ABM Industries by 3.3% in the third quarter. Teachers Advisors LLC now owns 129,974 shares of the business services provider’s stock valued at $4,192,000 after acquiring an additional 4,177 shares in the last quarter. Macquarie Group Ltd. raised its holdings in ABM Industries by 24.2% in the third quarter. Macquarie Group Ltd. now owns 1,853,910 shares of the business services provider’s stock valued at $59,789,000 after acquiring an additional 361,404 shares in the last quarter. IndexIQ Advisors LLC raised its holdings in ABM Industries by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 67,899 shares of the business services provider’s stock valued at $2,190,000 after acquiring an additional 2,565 shares in the last quarter. Finally, BRYN MAWR TRUST Co raised its holdings in ABM Industries by 3.0% in the third quarter. BRYN MAWR TRUST Co now owns 220,724 shares of the business services provider’s stock valued at $7,119,000 after acquiring an additional 6,362 shares in the last quarter.

A number of brokerages have weighed in on ABM. CL King cut shares of ABM Industries from a “buy” rating to a “neutral” rating in a report on Friday. Zacks Investment Research raised shares of ABM Industries from a “sell” rating to a “hold” rating in a report on Monday, January 7th. ValuEngine cut shares of ABM Industries from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Robert W. Baird dropped their target price on shares of ABM Industries from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, December 19th. Finally, TheStreet raised shares of ABM Industries from a “c+” rating to a “b-” rating in a report on Friday, September 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $38.00.



ABM Industries stock opened at $34.28 on Friday. The stock has a market cap of $2.31 billion, a PE ratio of 18.14 and a beta of 0.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.48. ABM Industries, Inc. has a one year low of $25.64 and a one year high of $40.00.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Tuesday, December 18th. The business services provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. ABM Industries had a net margin of 1.52% and a return on equity of 8.70%. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Equities research analysts predict that ABM Industries, Inc. will post 1.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 4th. Stockholders of record on Thursday, January 3rd will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, January 2nd. This represents a $0.72 annualized dividend and a dividend yield of 2.10%. This is a positive change from ABM Industries’s previous quarterly dividend of $0.18. ABM Industries’s dividend payout ratio is currently 38.10%.

In other news, Director Linda Chavez sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $34.62, for a total transaction of $103,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Dean A. Chin sold 2,018 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $30.39, for a total transaction of $61,327.02. The disclosure for this sale can be found here. Insiders have sold 8,042 shares of company stock valued at $259,536 in the last 90 days. Insiders own 0.81% of the company’s stock.

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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 Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. It offers janitorial, electrical and lighting, energy solutions, facilities engineering, HVAC and mechanical, landscape and turf, mission critical solutions, and parking.

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

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