ABM Industries Incorporated (NYSE:ABM) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its holdings in ABM Industries Incorporated (NYSE:ABM - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,128 shares of the business services provider's stock after selling 12,757 shares during the quarter. Two Sigma Investments LP's holdings in ABM Industries were worth $1,133,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ABM. Barclays PLC grew its stake in shares of ABM Industries by 238.7% in the 3rd quarter. Barclays PLC now owns 113,850 shares of the business services provider's stock valued at $6,004,000 after purchasing an additional 80,238 shares during the last quarter. KBC Group NV increased its position 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. Guidance Capital Inc. purchased a new position in ABM Industries during the fourth quarter worth $461,000. Bleakley Financial Group LLC increased its position in ABM Industries by 17.9% during the fourth quarter. Bleakley Financial Group LLC now owns 7,779 shares of the business services provider's stock worth $398,000 after buying an additional 1,183 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in shares of ABM Industries by 32.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 48,419 shares of the business services provider's stock valued at $2,478,000 after purchasing an additional 11,726 shares during the period. Hedge funds and other institutional investors own 91.62% of the company's stock.

ABM Industries Trading Down 2.3%

NYSE:ABM opened at $51.12 on Friday. 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 Incorporated has a one year low of $40.85 and a one year high of $59.78. The business's 50-day simple moving average is $49.02 and its 200 day simple moving average is $51.34. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 40.25, a price-to-earnings-growth ratio of 2.75 and a beta of 0.78.

ABM Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, April 3rd. ABM Industries's payout ratio is currently 84.13%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ABM. UBS Group lowered their price target on ABM Industries from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Wall Street Zen cut ABM Industries from a "buy" rating to a "hold" rating in a research note on Saturday, May 31st.

Insider Buying and Selling at ABM Industries

In other ABM Industries news, EVP Sean Michael Mahoney sold 574 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $50.06, for a total transaction of $28,734.44. Following the sale, the executive vice president now owns 49,225 shares in the company, valued at $2,464,203.50. This represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Scott B. Salmirs sold 800 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $52.09, for a total value of $41,672.00. Following the sale, the chief executive officer now owns 418,856 shares in the company, valued at $21,818,209.04. The trade was a 0.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,374 shares of company stock worth $2,733,303 over the last quarter. 0.90% of the stock is owned by corporate 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.

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