ABM Industries Incorporated (NYSE:ABM) is Pflug Koory LLC’s 8th Largest Position

Pflug Koory LLC decreased its position in ABM Industries Incorporated (NYSE:ABM) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,959 shares of the business services provider’s stock after selling 2,174 shares during the quarter. ABM Industries accounts for 1.6% of Pflug Koory LLC’s portfolio, making the stock its 8th biggest holding. Pflug Koory LLC’s holdings in ABM Industries were worth $3,120,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in ABM Industries during the third quarter worth approximately $30,000. Copeland Capital Management LLC bought a new position in shares of ABM Industries during the 3rd quarter valued at approximately $37,000. Adirondack Trust Co. raised its holdings in ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after buying an additional 200 shares during the period. GAMMA Investing LLC lifted its position in ABM Industries by 58.8% in the third quarter. GAMMA Investing LLC now owns 1,590 shares of the business services provider’s stock worth $84,000 after buying an additional 589 shares during the last quarter. Finally, Quarry LP boosted its stake in ABM Industries by 49.7% during the third quarter. Quarry LP now owns 2,171 shares of the business services provider’s stock worth $115,000 after buying an additional 721 shares during the period. 91.62% of the stock is owned by hedge funds and other institutional investors.

ABM Industries Trading Down 0.1 %

Shares of NYSE ABM opened at $52.58 on Friday. ABM Industries Incorporated has a fifty-two week low of $39.64 and a fifty-two week high of $59.78. 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 $3.27 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 2.76 and a beta of 1.16. The business’s 50 day moving average price is $53.80 and its 200-day moving average price is $53.60.

ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts expect that ABM Industries Incorporated will post 3.71 earnings per share for the current year.

ABM Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 2.02%. This is a boost from ABM Industries’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, January 2nd. ABM Industries’s payout ratio is 83.46%.

Analyst Upgrades and Downgrades

Separately, UBS Group increased their target price on shares of ABM Industries from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th.

Insiders Place Their Bets

In other ABM Industries news, CAO Dean A. Chin sold 4,281 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total value of $224,153.16. Following the completion of the sale, the chief accounting officer now directly owns 18,681 shares in the company, valued at approximately $978,137.16. This represents a 18.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.04% of the company’s stock.

ABM Industries 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.