Commonwealth Equity Services LLC Decreases Holdings in ABM Industries Incorporated (NYSE:ABM)

Commonwealth Equity Services LLC reduced its position in ABM Industries Incorporated (NYSE:ABM) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,972 shares of the business services provider’s stock after selling 1,683 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ABM Industries were worth $510,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Pzena Investment Management LLC grew its stake in ABM Industries by 22.5% during the 4th quarter. Pzena Investment Management LLC now owns 850,914 shares of the business services provider’s stock worth $43,550,000 after buying an additional 156,450 shares during the last quarter. Barclays PLC grew its stake in shares of ABM Industries by 238.7% during the third quarter. Barclays PLC now owns 113,850 shares of the business services provider’s stock worth $6,004,000 after acquiring an additional 80,238 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of ABM Industries during the fourth quarter valued at about $3,502,000. Wealthfront Advisers LLC purchased a new position in shares of ABM Industries in the 4th quarter valued at approximately $3,084,000. Finally, Jane Street Group LLC boosted its stake in ABM Industries by 91.8% in the 3rd quarter. Jane Street Group LLC now owns 82,094 shares of the business services provider’s stock worth $4,331,000 after purchasing an additional 39,300 shares in the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.

ABM Industries Stock Down 2.7 %

ABM Industries stock opened at $45.25 on Friday. The business’s 50-day simple moving average is $50.93 and its two-hundred day simple moving average is $52.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $2.82 billion, a PE ratio of 35.63, a PEG ratio of 2.75 and a beta of 1.05. ABM Industries Incorporated has a fifty-two week low of $42.63 and a fifty-two week high of $59.78.

ABM Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be given a $0.265 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 dividend on an annualized basis and a yield of 2.34%. ABM Industries’s dividend payout ratio is currently 84.13%.

Insider Buying and Selling

In other ABM Industries news, CAO Dean A. Chin sold 4,281 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total transaction of $224,153.16. Following the sale, the chief accounting officer now directly owns 18,681 shares of the company’s stock, valued at approximately $978,137.16. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Rene Jacobsen sold 10,000 shares of ABM Industries stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $52.84, for a total value of $528,400.00. Following the transaction, the chief operating officer now owns 87,808 shares of the company’s stock, valued at $4,639,774.72. The trade was a 10.22 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price target on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th.

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.