ABM Industries Incorporated (NYSE:ABM) Shares Bought by Trexquant Investment LP

Trexquant Investment LP grew its position in shares of ABM Industries Incorporated (NYSE:ABM) by 437.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,813 shares of the business services provider’s stock after acquiring an additional 56,005 shares during the quarter. Trexquant Investment LP owned about 0.11% of ABM Industries worth $3,085,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ABM. Daiwa Securities Group Inc. lifted its holdings in ABM Industries by 114.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,942 shares of the business services provider’s stock valued at $198,000 after acquiring an additional 2,639 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in ABM Industries in the 3rd quarter valued at about $1,528,000. Arizona State Retirement System lifted its holdings in ABM Industries by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 18,833 shares of the business services provider’s stock valued at $754,000 after acquiring an additional 265 shares during the last quarter. Goodman Financial Corp raised its holdings in ABM Industries by 2.4% during the 3rd quarter. Goodman Financial Corp now owns 240,077 shares of the business services provider’s stock worth $9,605,000 after buying an additional 5,552 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in ABM Industries during the 3rd quarter worth about $151,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, ABM Industries has a consensus rating of “Hold” and an average target price of $45.20.

ABM Industries Trading Down 0.7 %

ABM traded down $0.35 during midday trading on Friday, reaching $46.87. 257,577 shares of the company were exchanged, compared to its average volume of 469,628. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.48 and a current ratio of 1.48. ABM Industries Incorporated has a one year low of $37.61 and a one year high of $53.05. The stock has a market capitalization of $2.97 billion, a P/E ratio of 11.99 and a beta of 1.14. The stock’s 50-day simple moving average is $44.78 and its 200 day simple moving average is $43.11.

ABM Industries (NYSE:ABM) last issued its earnings results on Thursday, March 7th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $2.07 billion for 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 company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share. As a group, analysts forecast that ABM Industries Incorporated will post 3.37 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Thursday, April 4th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Wednesday, April 3rd. ABM Industries’s payout ratio is currently 23.02%.

Insider Buying and Selling

In other news, CAO Dean A. Chin sold 5,465 shares of ABM Industries stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $44.89, for a total transaction of $245,323.85. Following the sale, the chief accounting officer now directly owns 19,972 shares of the company’s stock, valued at $896,543.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Andrea R. Newborn sold 12,615 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $45.00, for a total transaction of $567,675.00. Following the completion of the sale, the executive vice president now owns 45,847 shares in the company, valued at $2,063,115. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Dean A. Chin sold 5,465 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $44.89, for a total value of $245,323.85. Following the sale, the chief accounting officer now owns 19,972 shares of the company’s stock, valued at approximately $896,543.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,643 shares of company stock worth $1,055,490. Company 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.