2 weeks Ago By Defense World Staff
Bank of Montreal Can grew its position in ABM Industries Incorporated (NYSE:ABM – Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,854 shares of the business services provider’s stock after purchasing an additional 837 shares during the period.
Bank of Montreal Can’s holdings in ABM Industries were worth $556,000 as of its most recent SEC filing. Several other large investors also recently made changes to their positions in the company. American Century Companies Inc.
raised its stake in ABM Industries by 2,322.1% during the 4th quarter. American Century Companies Inc.
now owns 1,183,695 shares of the business services provider’s stock valued at $60,582,000 after acquiring an additional 1,134,825 shares in the last quarter. Norges Bank acquired a new stake in ABM Industries in the fourth quarter worth about $43,967,000. Pzena Investment Management LLC grew its position in ABM Industries by 22.
5% in the 4th quarter. Pzena Investment Management LLC now owns 850,914 shares of the business services provider’s stock valued at $43,550,000 after buying an additional 156,450 shares in the last quarter. Sei Investments Co.
increased its stake in ABM Industries by 321.3% during the 4th quarter. Sei Investments Co.
now owns 153,193 shares of the business services provider’s stock valued at $7,840,000 after buying an additional 116,827 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of ABM Industries during the 4th quarter worth about $5,058,000. Institutional investors and hedge funds own 91.
62% of the company’s stock. Insider Buying and SellingIn other news, COO Rene Jacobsen sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $52.
84, for a total transaction of $528,400.00. Following the sale, the chief operating officer now owns 87,808 shares in the company, valued at $4,639,774.
72. The trade was a 10.22 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.
ABM Industries Stock PerformanceShares of ABM opened at $45.47 on Tuesday. ABM Industries Incorporated has a 12-month low of $40.
85 and a 12-month high of $59.78. The stock has a market capitalization of $2.
83 billion, a P/E ratio of 35.80, a P/E/G ratio of 2.75 and a beta of 1.
05. The firm’s 50 day moving average is $48.82 and its 200-day moving average is $52.
13. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.
33 and a quick ratio of 1.33. ABM Industries Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th.
Stockholders of record on Thursday, April 3rd will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, April 3rd.
This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.33%.
ABM Industries’s dividend payout ratio (DPR) is presently 84.13%. Wall Street Analysts Forecast GrowthSeparately, UBS Group decreased their price objective on shares of ABM Industries from $56.
00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, March 13th.Check Out Our Latest Stock Analysis on ABMAbout ABM Industries (Free Report)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.Featured ArticlesFive stocks we like better than ABM IndustriesWhat Are Earnings Reports?AST SpaceMobile: 5 Reasons to Buy This Tiny Trailblazer StockWhat is MarketRank? How to Use itWhy Call Option Traders Are Targeting This Dividend ETF Now2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Is Alphabet Misunderstood? Here’s Why the Bulls Are BuyingWant to see what other hedge funds are holding ABM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ABM Industries Incorporated (NYSE:ABM – Free Report).
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