ABM Industries Incorporated (NYSE:ABM) Shares Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 84.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,518 shares of the business services provider’s stock after buying an additional 3,893 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in ABM Industries were worth $436,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of ABM Industries during the 4th quarter valued at $33,000. Adirondack Trust Co. raised its position in ABM Industries by 28.6% in the fourth 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 period. Smartleaf Asset Management LLC lifted its stake in shares of ABM Industries by 193.2% during 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 boosted its position 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 buying an additional 1,067 shares during the period. Finally, Cable Hill Partners LLC purchased a new stake in shares of ABM Industries in the fourth quarter worth about $231,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

ABM Industries Stock Performance

Shares of ABM stock opened at $42.15 on Wednesday. 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 company’s fifty day moving average price is $50.31 and its two-hundred day moving average price is $52.51. The firm has a market capitalization of $2.62 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.75 and a beta of 1.05. ABM Industries Incorporated has a 12 month low of $41.65 and a 12 month high of $59.78.

ABM Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries’s dividend payout ratio is currently 84.13%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at ABM Industries

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total transaction of $528,400.00. Following the transaction, the chief operating officer now directly owns 87,808 shares in the company, valued at $4,639,774.72. This represents a 10.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Dean A. Chin sold 4,281 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total transaction of $224,153.16. Following the completion of the sale, the chief accounting officer now directly owns 18,681 shares of the company’s stock, valued at $978,137.16. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by 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.