Graham Capital Management L.P. Has $373,000 Position in ABM Industries Incorporated (NYSE:ABM)

Graham Capital Management L.P. reduced its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 74.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,289 shares of the business services provider’s stock after selling 21,107 shares during the period. Graham Capital Management L.P.’s holdings in ABM Industries were worth $373,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ABM. SBI Securities Co. Ltd. acquired a new stake in ABM Industries during the 4th quarter worth about $33,000. Adirondack Trust Co. grew its stake in shares of ABM Industries by 28.6% in the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after buying an additional 200 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of ABM Industries by 193.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock valued at $46,000 after buying an additional 595 shares during the period. Sterling Capital Management LLC grew its stake in shares of ABM Industries by 834.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider’s stock valued at $104,000 after buying an additional 1,820 shares during the period. Finally, KBC Group NV grew its stake in shares of ABM Industries by 60.9% in the 4th quarter. KBC Group NV now owns 2,819 shares of the business services provider’s stock valued at $144,000 after buying an additional 1,067 shares during the period. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ABM Industries Stock Performance

Shares of ABM opened at $52.62 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a 50-day moving average of $47.68 and a 200-day moving average of $51.69. The company has a market cap of $3.27 billion, a PE ratio of 41.44, a P/E/G ratio of 2.75 and a beta of 0.78. ABM Industries Incorporated has a one year low of $40.85 and a one year high of $59.78.

ABM Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd were paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.06 annualized dividend and a dividend yield of 2.01%. ABM Industries’s dividend payout ratio is presently 84.13%.

Insider Buying and Selling at ABM Industries

In other ABM Industries news, EVP Sean Michael Mahoney sold 1,800 shares of ABM Industries stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $50.03, for a total transaction of $90,054.00. Following the completion of the transaction, the executive vice president now owns 47,425 shares in the company, valued at approximately $2,372,672.75. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott B. Salmirs sold 37,065 shares of ABM Industries stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.37, for a total value of $1,941,094.05. Following the transaction, the chief executive officer now owns 369,656 shares of the company’s stock, valued at $19,358,884.72. This trade represents a 9.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,374 shares of company stock worth $2,733,303. Insiders own 0.90% of the company’s stock.

ABM Industries Company 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.