Captrust Financial Advisors Buys 164,241 Shares of ABM Industries Incorporated (NYSE:ABM)

Captrust Financial Advisors lifted its position in ABM Industries Incorporated (NYSE:ABM - Free Report) by 2,101.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,057 shares of the business services provider's stock after acquiring an additional 164,241 shares during the period. Captrust Financial Advisors owned 0.28% of ABM Industries worth $8,806,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of ABM Industries in the 4th quarter worth approximately $33,000. Adirondack Trust Co. grew its holdings in ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider's stock valued at $46,000 after buying an additional 200 shares during the last quarter. Smartleaf Asset Management LLC raised its position in ABM Industries by 193.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider's stock valued at $46,000 after purchasing an additional 595 shares during the period. Sterling Capital Management LLC grew its stake in ABM Industries by 834.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider's stock worth $104,000 after purchasing an additional 1,820 shares in the last quarter. Finally, KBC Group NV raised its holdings 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 purchasing an additional 1,067 shares in the last quarter. Hedge funds and other institutional investors own 91.62% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group dropped their price objective on shares of ABM Industries from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, March 13th.

Insider Transactions at ABM Industries

In other ABM Industries news, EVP Sean Michael Mahoney sold 1,800 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $50.03, for a total value of $90,054.00. Following the sale, the executive vice president now owns 47,425 shares of the company's stock, valued at $2,372,672.75. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.90% of the company's stock.

ABM Industries Stock Up 1.3%

NYSE ABM traded up $0.65 during trading on Tuesday, reaching $52.02. 84,363 shares of the company's stock traded hands, compared to its average volume of 493,379. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. ABM Industries Incorporated has a 12-month low of $40.85 and a 12-month high of $59.78. The company's 50 day simple moving average is $47.67 and its two-hundred day simple moving average is $51.70. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 40.96, a price-to-earnings-growth ratio of 2.75 and a beta of 0.78.

ABM Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.265 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.06 annualized dividend and a dividend yield of 2.04%. ABM Industries's payout ratio is currently 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.