ABM Industries Incorporated (NYSE:ABM) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 2,322.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,183,695 shares of the business services provider’s stock after buying an additional 1,134,825 shares during the quarter. American Century Companies Inc. owned approximately 1.90% of ABM Industries worth $60,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in ABM Industries during the fourth quarter worth $33,000. Adirondack Trust Co. raised its position in shares of ABM Industries by 28.6% during the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock worth $46,000 after purchasing an additional 200 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in ABM Industries by 193.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock valued at $46,000 after buying an additional 595 shares in the last quarter. Quarry LP boosted its holdings in ABM Industries by 49.7% in the 3rd 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 last quarter. Finally, KBC Group NV increased its stake in ABM Industries by 60.9% during the 4th quarter. KBC Group NV now owns 2,819 shares of the business services provider’s stock worth $144,000 after buying an additional 1,067 shares in the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their target price on ABM Industries from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th.

ABM Industries Stock Performance

ABM opened at $47.60 on Wednesday. ABM Industries Incorporated has a twelve month low of $42.63 and a twelve month high of $59.78. The firm has a market capitalization of $2.96 billion, a PE ratio of 37.48, a PEG ratio of 2.75 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $51.83 and its 200 day moving average price is $52.89.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be given a $0.265 dividend. 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 2.23%. ABM Industries’s dividend payout ratio (DPR) is presently 84.13%.

Insider Activity at ABM Industries

In other ABM Industries news, COO Rene Jacobsen sold 10,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $52.84, for a total value of $528,400.00. Following the completion of the sale, the chief operating officer now directly owns 87,808 shares of the company’s stock, valued at $4,639,774.72. This trade represents a 10.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Dean A. Chin sold 4,281 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $52.36, for a total transaction of $224,153.16. Following the transaction, the chief accounting officer now directly owns 18,681 shares in the company, valued at approximately $978,137.16. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% 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.