ABM Industries Incorporated (NYSE:ABM) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its position in shares of ABM Industries Incorporated (NYSE:ABM) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,517,516 shares of the business services provider’s stock after purchasing an additional 195,978 shares during the period. Invesco Ltd. owned 2.44% of ABM Industries worth $77,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of ABM Industries during the fourth quarter worth approximately $33,000. Adirondack Trust Co. boosted its position in ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock worth $46,000 after acquiring an additional 200 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of ABM Industries by 193.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock worth $46,000 after purchasing an additional 595 shares in the last quarter. KBC Group NV grew its stake in shares of ABM Industries by 60.9% in the fourth quarter. KBC Group NV now owns 2,819 shares of the business services provider’s stock worth $144,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Cable Hill Partners LLC acquired a new position in shares of ABM Industries during the fourth quarter valued at $231,000. 91.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their target price on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th.

Insider Buying and Selling

In other news, COO Rene Jacobsen sold 10,000 shares of ABM Industries stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total value of $528,400.00. Following the transaction, the chief operating officer now owns 87,808 shares of the company’s stock, valued at $4,639,774.72. The trade was a 10.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.90% of the stock is owned by corporate insiders.

ABM Industries Stock Performance

Shares of NYSE ABM opened at $46.94 on Tuesday. ABM Industries Incorporated has a 1 year low of $40.85 and a 1 year high of $59.78. The firm has a market cap of $2.92 billion, a P/E ratio of 36.96, a PEG ratio of 2.75 and a beta of 1.05. The stock has a fifty day moving average price of $49.55 and a two-hundred day moving average price of $52.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.06 annualized dividend and a yield of 2.26%. ABM Industries’s dividend payout ratio is currently 84.13%.

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. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.