Barclays PLC Purchases 7,231 Shares of ABM Industries Incorporated (NYSE:ABM)

Barclays PLC lifted its stake in ABM Industries Incorporated (NYSE:ABM - Free Report) by 6.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,081 shares of the business services provider's stock after purchasing an additional 7,231 shares during the period. Barclays PLC owned 0.19% of ABM Industries worth $6,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in ABM Industries in the 4th quarter worth $33,000. Adirondack Trust Co. increased its stake in ABM Industries by 28.6% in 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 in the last quarter. Smartleaf Asset Management LLC increased its stake 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 worth $46,000 after buying an additional 595 shares in the last quarter. Sterling Capital Management LLC increased its stake in 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 worth $104,000 after buying an additional 1,820 shares in the last quarter. Finally, KBC Group NV increased its stake in ABM Industries by 60.9% in the 4th 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. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

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 dated Monday, February 3rd. The shares were sold at an average price of $52.84, for a total transaction of $528,400.00. Following the completion of the transaction, the chief operating officer now owns 87,808 shares of the company's stock, valued at $4,639,774.72. This represents a 10.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price target 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 Price Performance

Shares of ABM traded down $0.01 during midday trading on Wednesday, hitting $48.74. 391,873 shares of the company traded hands, compared to its average volume of 502,162. The firm has a 50 day moving average of $48.19 and a 200-day moving average of $51.93. ABM Industries Incorporated has a 52 week low of $40.85 and a 52 week high of $59.78. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 38.38, a PEG ratio of 2.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33.

ABM Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries's dividend payout ratio (DPR) is presently 84.13%.

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.