Universal Beteiligungs und Servicegesellschaft mbH Makes New $7.04 Million Investment 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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 137,624 shares of the business services provider's stock, valued at approximately $7,044,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.22% of ABM Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ABM. Barclays PLC lifted its stake in ABM Industries by 238.7% in the third quarter. Barclays PLC now owns 113,850 shares of the business services provider's stock worth $6,004,000 after purchasing an additional 80,238 shares during the last quarter. KBC Group NV increased its position 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 acquiring an additional 1,067 shares during the period. Guidance Capital Inc. purchased a new stake in shares of ABM Industries during the fourth quarter worth about $461,000. Bleakley Financial Group LLC grew its stake in shares of 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 last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in ABM Industries by 32.0% during the 4th 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. 91.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ABM has been the subject of several research analyst reports. UBS Group dropped their price objective on ABM Industries from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Wall Street Zen downgraded ABM Industries from a "buy" rating to a "hold" rating in a report on Saturday.

Insiders Place Their Bets

In other news, CEO Scott B. Salmirs sold 37,065 shares of ABM Industries stock in a transaction dated Thursday, May 15th. The stock was 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 owns 369,656 shares of the company's stock, valued at $19,358,884.72. The trade was a 9.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sean Michael Mahoney sold 1,800 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $50.03, for a total transaction of $90,054.00. Following the completion of the transaction, the executive vice president now owns 47,425 shares in the company, valued at approximately $2,372,672.75. The trade was a 3.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,374 shares of company stock worth $2,733,303. 0.90% of the stock is owned by corporate insiders.

ABM Industries Trading Down 0.7%

ABM stock traded down $0.38 during trading on Wednesday, reaching $52.34. The company had a trading volume of 431,815 shares, compared to its average volume of 492,436. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. ABM Industries Incorporated has a 52 week low of $40.85 and a 52 week high of $59.78. The business has a 50 day moving average of $48.94 and a 200 day moving average of $51.36. The company has a market cap of $3.26 billion, a P/E ratio of 41.21, a PEG ratio of 2.75 and a beta of 0.78.

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 3rd were paid a $0.265 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $1.06 annualized dividend and a yield of 2.03%. ABM Industries's payout ratio is 84.13%.

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.