Universal Beteiligungs und Servicegesellschaft mbH Invests $7.04 Million in ABM Industries Incorporated (NYSE:ABM)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in ABM Industries Incorporated (NYSE:ABM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 137,624 shares of the business services provider's stock, valued at approximately $7,044,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.22% of ABM Industries at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC raised its holdings in shares of ABM Industries by 238.7% in the third quarter. Barclays PLC now owns 113,850 shares of the business services provider's stock valued at $6,004,000 after buying an additional 80,238 shares during the last quarter. KBC Group NV raised its holdings in shares of 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 buying an additional 1,067 shares during the last quarter. Guidance Capital Inc. acquired a new stake in ABM Industries in the fourth quarter worth about $461,000. Bleakley Financial Group LLC increased its position in ABM Industries by 17.9% in the fourth quarter. Bleakley Financial Group LLC now owns 7,779 shares of the business services provider's stock worth $398,000 after purchasing an additional 1,183 shares during the period. Finally, Kingsview Wealth Management LLC increased its position in 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 worth $2,478,000 after purchasing an additional 11,726 shares during the period. 91.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen lowered ABM Industries from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group decreased their target price 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.

Insider Transactions at ABM Industries

In other ABM Industries news, EVP Sean Michael Mahoney sold 574 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $50.06, for a total value of $28,734.44. Following the transaction, the executive vice president now directly owns 49,225 shares of the company's stock, valued at $2,464,203.50. This represents a 1.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Scott B. Salmirs sold 12,135 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $52.06, for a total value of $631,748.10. Following the completion of the transaction, 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 ownership of the stock. 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 90 days. Corporate insiders own 0.90% of the company's stock.

ABM Industries Stock Down 0.4%

NYSE ABM traded down $0.21 during trading on Wednesday, hitting $52.51. The stock had a trading volume of 99,928 shares, compared to its average volume of 490,588. The company has a market capitalization of $3.27 billion, a PE ratio of 41.35, a P/E/G ratio of 2.75 and a beta of 0.78. The company's 50-day moving average price is $48.84 and its two-hundred day moving average price is $51.36. 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 12 month low of $40.85 and a 12 month high of $59.78.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, April 3rd. ABM Industries's dividend payout ratio is currently 84.13%.

ABM Industries 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.