Jane Street Group LLC Trims Stock Position in ABM Industries Incorporated (NYSE:ABM)

Jane Street Group LLC lessened its position in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 75.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,259 shares of the business services provider's stock after selling 61,835 shares during the quarter. Jane Street Group LLC's holdings in ABM Industries were worth $1,037,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Separately, UBS Group cut their price objective on ABM Industries from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th.

ABM Industries Stock Down 1.9%

ABM Industries stock opened at $51.50 on Thursday. ABM Industries Incorporated has a twelve month low of $40.85 and a twelve month high of $59.78. The stock's fifty day simple moving average is $48.03 and its 200-day simple moving average is $51.66. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $3.20 billion, a P/E ratio of 40.55, a P/E/G ratio of 2.75 and a beta of 0.78.

ABM Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, April 3rd. ABM Industries's dividend payout ratio is currently 84.13%.

Insider Transactions at ABM Industries

In related news, EVP Sean Michael Mahoney sold 1,800 shares of the stock in a transaction 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 transaction, the executive vice president now owns 47,425 shares of the company's stock, valued at $2,372,672.75. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Scott B. Salmirs sold 37,065 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $52.37, for a total value of $1,941,094.05. Following the completion of the transaction, the chief executive officer now directly owns 369,656 shares in the company, valued at $19,358,884.72. This trade represents a 9.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,374 shares of company stock valued at $2,733,303. 0.90% of the stock is currently owned by company insiders.

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.

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