Raiffeisen Bank International AG Makes New Investment in ABM Industries Incorporated (NYSE:ABM)

Raiffeisen Bank International AG acquired a new position in shares of ABM Industries Incorporated (NYSE:ABM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,705 shares of the business services provider’s stock, valued at approximately $190,000.

Several other large investors have also modified their holdings of the business. Savant Capital LLC lifted its stake in shares of ABM Industries by 1.7% in the 4th quarter. Savant Capital LLC now owns 11,707 shares of the business services provider’s stock valued at $599,000 after purchasing an additional 191 shares during the last quarter. Adirondack Trust Co. lifted 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 purchasing an additional 200 shares during the last quarter. Naples Global Advisors LLC lifted its stake in shares of ABM Industries by 2.3% in the 4th quarter. Naples Global Advisors LLC now owns 11,038 shares of the business services provider’s stock valued at $565,000 after purchasing an additional 253 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of ABM Industries by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,274 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 289 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in shares of ABM Industries by 5.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,615 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 329 shares during the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

ABM Industries Price Performance

ABM stock opened at $52.62 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The company has a market capitalization 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 12-month low of $40.85 and a 12-month high of $59.78. The business’s fifty day moving average price is $47.68 and its 200 day moving average price is $51.66.

ABM Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 3rd were issued a $0.265 dividend. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

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

Insider Activity at ABM Industries

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

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.