2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. raised its stake in ABM Industries Incorporated ( NYSE:ABM – Free Report ) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 6,615 shares of the business services provider’s stock after buying an additional 329 shares during the period. Summit Investment Advisors Inc.’s holdings in ABM Industries were worth $339,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in ABM Industries by 0.
7% in the fourth quarter. Vanguard Group Inc. now owns 8,198,258 shares of the business services provider’s stock valued at $419,587,000 after acquiring an additional 55,584 shares during the last quarter.
Invesco Ltd. increased its position in shares of ABM Industries by 14.8% during the 4th quarter.
Invesco Ltd. now owns 1,517,516 shares of the business services provider’s stock valued at $77,666,000 after purchasing an additional 195,978 shares during the last quarter. American Century Companies Inc.
increased its position in shares of 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 purchasing an additional 1,134,825 shares during the last quarter. Norges Bank bought a new stake in ABM Industries in the 4th quarter worth approximately $43,967,000. Finally, Pzena Investment Management LLC boosted its stake in ABM Industries by 22.
5% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 91.
62% of the company’s stock. Insider Transactions at ABM Industries In other news, COO Rene Jacobsen sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $52.
84, for a total transaction of $528,400.00. Following the completion of the sale, the chief operating officer now directly owns 87,808 shares in the company, valued at approximately $4,639,774.
72. This represents a 10.22 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Company insiders own 0.90% of the company’s stock.
ABM Industries Trading Down 0.3 % ABM Industries Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.
265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.
31%. The ex-dividend date is Thursday, April 3rd. ABM Industries’s dividend payout ratio (DPR) is presently 84.
13%. Analysts Set New Price Targets Separately, UBS Group decreased 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. View Our Latest Research Report on ABM ABM Industries Company Profile ( 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.
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