LSV Asset Management Boosts Stock Position in ABM Industries Incorporated (NYSE:ABM)

LSV Asset Management increased its position in shares of ABM Industries Incorporated (NYSE:ABM) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 832,947 shares of the business services provider’s stock after acquiring an additional 42,482 shares during the period. LSV Asset Management’s holdings in ABM Industries were worth $42,630,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of ABM Industries during the fourth quarter worth about $33,000. Adirondack Trust Co. increased its stake 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 buying an additional 200 shares during the period. Smartleaf Asset Management LLC boosted its position in 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. 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 acquiring an additional 1,067 shares in the last quarter. Finally, Cable Hill Partners LLC purchased a new stake in shares of ABM Industries during the fourth quarter worth $231,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ABM Industries

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

Analysts Set New Price Targets

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

ABM Industries Stock Up 3.8 %

Shares of NYSE:ABM opened at $46.06 on Friday. ABM Industries Incorporated has a fifty-two week low of $40.85 and a fifty-two week high of $59.78. The firm’s 50 day moving average price is $49.68 and its 200 day moving average price is $52.35. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 36.27, a price-to-earnings-growth ratio of 2.75 and a beta of 1.05.

ABM Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be issued a $0.265 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.30%. ABM Industries’s payout ratio is 84.13%.

About ABM Industries

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.