Ameriprise Financial Inc. Sells 13,192 Shares of ABM Industries Incorporated (NYSE:ABM)

Ameriprise Financial Inc. decreased its holdings in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 5.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 227,225 shares of the business services provider's stock after selling 13,192 shares during the period. Ameriprise Financial Inc. owned 0.37% of ABM Industries worth $11,629,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ABM. Algert Global LLC increased its holdings in ABM Industries by 10.1% during the fourth quarter. Algert Global LLC now owns 192,047 shares of the business services provider's stock valued at $9,829,000 after buying an additional 17,546 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of ABM Industries in the 4th quarter valued at $337,000. Northern Trust Corp raised its position in shares of ABM Industries by 5.4% in the 4th quarter. Northern Trust Corp now owns 836,801 shares of the business services provider's stock worth $42,827,000 after acquiring an additional 42,997 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of ABM Industries by 5.3% during the 4th quarter. MetLife Investment Management LLC now owns 38,103 shares of the business services provider's stock worth $1,950,000 after purchasing an additional 1,905 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of ABM Industries during the 4th quarter worth $373,000. Institutional investors own 91.62% of the company's stock.

ABM Industries Price Performance

Shares of ABM opened at $52.62 on Monday. The company has a 50 day moving average of $47.68 and a two-hundred day moving average of $51.66. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73. ABM Industries Incorporated has a twelve month low of $40.85 and a twelve month high of $59.78. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 2.75 and a beta of 0.78.

ABM Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd were given a $0.265 dividend. The ex-dividend date 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 84.13%.

Insider Buying and Selling

In related news, EVP Sean Michael Mahoney sold 1,800 shares of ABM Industries stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $50.03, for a total value of $90,054.00. Following the completion of the sale, the executive vice president now directly owns 47,425 shares in the company, valued at $2,372,672.75. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott B. Salmirs sold 12,135 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $52.06, for a total transaction of $631,748.10. Following the sale, the chief executive officer now directly owns 406,721 shares in the company, valued at approximately $21,173,895.26. This represents a 2.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,374 shares of company stock worth $2,733,303 in the last ninety days. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their target price on 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 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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