ABM Industries Incorporated (NYSE:ABM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 91.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,813 shares of the business services provider's stock after selling 31,165 shares during the quarter. SG Americas Securities LLC's holdings in ABM Industries were worth $126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi acquired a new stake in shares of ABM Industries during the fourth quarter worth about $36,000. Exchange Traded Concepts LLC acquired a new position in ABM Industries in the fourth quarter valued at approximately $48,000. Point72 Asset Management L.P. acquired a new position in ABM Industries in the second quarter valued at approximately $46,000. Quarry LP acquired a new position in ABM Industries in the second quarter valued at approximately $64,000. Finally, Neo Ivy Capital Management acquired a new position in ABM Industries in the second quarter valued at approximately $123,000. Institutional investors and hedge funds own 91.62% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ABM Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 3rd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, ABM Industries presently has an average rating of "Hold" and an average price target of $45.20.

ABM Industries Price Performance

Shares of ABM Industries stock traded up $0.16 on Thursday, reaching $43.80. The company's stock had a trading volume of 489,339 shares, compared to its average volume of 589,881. The company has a market capitalization of $2.77 billion, a P/E ratio of 11.20 and a beta of 1.16. ABM Industries Incorporated has a 52-week low of $37.61 and a 52-week high of $53.05. The stock has a 50-day moving average price of $42.52 and a 200-day moving average price of $42.31. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.

ABM Industries (NYSE:ABM - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.14. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.01 billion. ABM Industries had a return on equity of 12.88% and a net margin of 3.15%. The business's revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. Analysts expect that ABM Industries Incorporated will post 3.37 EPS for the current year.

ABM Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, April 4th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, April 3rd. ABM Industries's payout ratio is 23.02%.

Insider Buying and Selling

In related news, CAO Dean A. Chin sold 5,465 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $44.89, for a total transaction of $245,323.85. Following the completion of the sale, the chief accounting officer now directly owns 19,972 shares in the company, valued at $896,543.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Dean A. Chin sold 5,465 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $44.89, for a total transaction of $245,323.85. Following the completion of the sale, the chief accounting officer now directly owns 19,972 shares in the company, valued at $896,543.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Rene Jacobsen sold 5,563 shares of the business's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $43.59, for a total value of $242,491.17. Following the sale, the chief operating officer now owns 111,677 shares of the company's stock, valued at $4,868,000.43. The disclosure for this sale can be found here. 1.04% of the stock is owned by company 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.