Duality Advisers LP Has $1.11 Million Stock Holdings in ABM Industries Incorporated (NYSE:ABM)

Duality Advisers LP raised its position in ABM Industries Incorporated (NYSE:ABM) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,810 shares of the business services provider’s stock after purchasing an additional 649 shares during the period. Duality Advisers LP’s holdings in ABM Industries were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in shares of ABM Industries during the 4th quarter worth $48,000. Quantbot Technologies LP acquired a new stake in shares of ABM Industries in the 3rd quarter valued at approximately $151,000. Covestor Ltd increased its position in ABM Industries by 50.7% during the 3rd quarter. Covestor Ltd now owns 3,788 shares of the business services provider’s stock worth $152,000 after purchasing an additional 1,275 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in ABM Industries by 114.6% in the third quarter. Daiwa Securities Group Inc. now owns 4,942 shares of the business services provider’s stock valued at $198,000 after buying an additional 2,639 shares in the last quarter. Finally, Violich Capital Management Inc. bought a new stake in shares of ABM Industries during the fourth quarter worth $206,000. Institutional investors own 91.62% of the company’s stock.

Insider Activity at ABM Industries

In other news, CAO Dean A. Chin sold 5,465 shares of ABM Industries stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $44.89, for a total value of $245,323.85. Following the completion of the sale, the chief accounting officer now owns 19,972 shares in the company, valued at approximately $896,543.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other ABM Industries news, CAO Dean A. Chin sold 5,465 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $44.89, for a total transaction of $245,323.85. Following the transaction, the chief accounting officer now owns 19,972 shares in the company, valued at $896,543.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Rene Jacobsen sold 5,563 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $43.59, for a total transaction of $242,491.17. Following the sale, the chief operating officer now directly 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, ABM Industries currently has an average rating of “Hold” and a consensus target price of $45.20.

ABM Industries Stock Up 0.4 %

NYSE:ABM opened at $44.65 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.48. ABM Industries Incorporated has a one year low of $37.61 and a one year high of $53.05. The firm’s 50 day simple moving average is $42.67 and its 200 day simple moving average is $42.40. The company has a market cap of $2.83 billion, a PE ratio of 11.42 and a beta of 1.16.

ABM Industries (NYSE:ABM) last announced its earnings results on Thursday, March 7th. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. ABM Industries had a return on equity of 12.88% and a net margin of 3.15%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business earned $0.79 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that ABM Industries Incorporated will post 3.37 earnings per share for the current year.

ABM Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Stockholders 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 2.02%. The ex-dividend date of this dividend is Wednesday, April 3rd. ABM Industries’s dividend payout ratio (DPR) is presently 23.02%.

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.