Captrust Financial Advisors Purchases New Stake in ABM Industries Incorporated (NYSE:ABM)

Captrust Financial Advisors acquired a new position in ABM Industries Incorporated (NYSE:ABM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,816 shares of the business services provider’s stock, valued at approximately $412,000.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in shares of ABM Industries in the third quarter worth approximately $30,000. BOKF NA purchased a new stake in ABM Industries in the 2nd quarter worth approximately $30,000. Copeland Capital Management LLC purchased a new stake in ABM Industries in the 3rd quarter worth approximately $37,000. GAMMA Investing LLC boosted its stake in shares of ABM Industries by 58.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,590 shares of the business services provider’s stock valued at $84,000 after buying an additional 589 shares during the period. Finally, Innealta Capital LLC purchased a new position in shares of ABM Industries during the 2nd quarter valued at $142,000. 91.62% of the stock is currently owned by institutional investors and hedge funds.

ABM Industries Trading Down 0.6 %

ABM Industries stock opened at $56.10 on Friday. ABM Industries Incorporated has a one year low of $39.64 and a one year high of $59.78. The company’s fifty day moving average price is $55.28 and its two-hundred day moving average price is $53.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 23.18 and a beta of 1.14.

ABM Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.89%. This is an increase from ABM Industries’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, January 2nd. ABM Industries’s dividend payout ratio (DPR) is presently 37.19%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ABM. Robert W. Baird lifted their price objective on ABM Industries from $49.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Truist Financial lifted their price target on ABM Industries from $49.00 to $55.00 and gave the company a “hold” rating in a report on Monday, September 9th. Finally, UBS Group increased their price objective on ABM Industries from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, September 9th.

Insider Buying and Selling

In other news, CFO Earl Ray Ellis sold 40,000 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $53.96, for a total value of $2,158,400.00. Following the sale, the chief financial officer now owns 45,260 shares in the company, valued at approximately $2,442,229.60. This trade represents a 46.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.04% of the company’s stock.

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.