Dimensional Fund Advisors LP Sells 179,596 Shares of ABM Industries Incorporated (NYSE:ABM)

Dimensional Fund Advisors LP reduced its stake in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,432,433 shares of the business services provider's stock after selling 179,596 shares during the quarter. Dimensional Fund Advisors LP owned 7.13% of ABM Industries worth $226,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ABM. SBI Securities Co. Ltd. acquired a new position in shares of ABM Industries in the fourth quarter valued at $33,000. Adirondack Trust Co. raised its stake in shares of ABM Industries by 28.6% in 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 in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of ABM Industries by 193.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider's stock worth $46,000 after acquiring an additional 595 shares during the period. Sterling Capital Management LLC boosted its position in shares of ABM Industries by 834.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider's stock valued at $104,000 after acquiring an additional 1,820 shares in the last quarter. Finally, KBC Group NV increased its stake in ABM Industries by 60.9% in the fourth quarter. KBC Group NV now owns 2,819 shares of the business services provider's stock valued at $144,000 after acquiring an additional 1,067 shares during the period. 91.62% of the stock is currently owned by institutional investors and hedge funds.

ABM Industries Trading Down 0.2 %

NYSE:ABM traded down $0.08 during trading hours on Monday, hitting $48.23. The stock had a trading volume of 33,683 shares, compared to its average volume of 502,578. The business's 50 day moving average is $48.44 and its 200-day moving average is $52.01. 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 cap of $3.00 billion, a price-to-earnings ratio of 38.07, a P/E/G ratio of 2.75 and a beta of 1.05. ABM Industries Incorporated has a one year low of $40.85 and a one year high of $59.78.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, April 3rd. ABM Industries's dividend payout ratio is 84.13%.

Analyst Ratings Changes

Separately, UBS Group reduced their target price 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.

Insider Buying and Selling

In related news, COO Rene Jacobsen sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 directly owns 87,808 shares of the company's stock, valued at approximately $4,639,774.72. This represents a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by company 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.