Silvercrest Asset Management Group LLC Has $45.59 Million Stock Holdings in ABM Industries Incorporated (NYSE:ABM)

Silvercrest Asset Management Group LLC reduced its position in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 890,762 shares of the business services provider's stock after selling 57,869 shares during the quarter. Silvercrest Asset Management Group LLC owned 1.43% of ABM Industries worth $45,589,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new position in shares of ABM Industries in the fourth quarter valued at about $392,000. Olstein Capital Management L.P. grew its stake in ABM Industries by 3.6% during the fourth quarter. Olstein Capital Management L.P. now owns 195,821 shares of the business services provider's stock worth $10,022,000 after buying an additional 6,821 shares in the last quarter. KBC Group NV grew its stake in ABM Industries by 60.9% during 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 in the last quarter. Sei Investments Co. grew its stake in ABM Industries by 321.3% during the fourth quarter. Sei Investments Co. now owns 153,193 shares of the business services provider's stock worth $7,840,000 after buying an additional 116,827 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in ABM Industries by 23.1% during the fourth quarter. Wells Fargo & Company MN now owns 42,103 shares of the business services provider's stock worth $2,155,000 after buying an additional 7,904 shares in the last quarter. 91.62% of the stock is owned by institutional investors.

ABM Industries Price Performance

Shares of ABM traded down $0.03 during mid-day trading on Monday, reaching $52.61. The company had a trading volume of 247,974 shares, compared to its average volume of 494,240. The company's 50 day simple moving average is $47.83 and its 200 day simple moving average is $51.66. ABM Industries Incorporated has a 1-year low of $40.85 and a 1-year high of $59.78. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 41.43, a P/E/G ratio of 2.75 and a beta of 0.78.

ABM Industries Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.01%. ABM Industries's payout ratio is currently 84.13%.

Insider Activity

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

Wall Street Analysts Forecast Growth

Separately, UBS Group reduced their price objective on shares of ABM Industries from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th.

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.