Macquarie Group Ltd. boosted its stake in ABM Industries Inc. (NYSE:ABM) by 133.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 498,041 shares of the company’s stock after buying an additional 284,750 shares during the period. Macquarie Group Ltd. owned 0.89% of ABM Industries worth $18,169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of ABM Industries by 4.1% in the second quarter. Vanguard Group Inc. now owns 4,638,251 shares of the company’s stock worth $169,204,000 after buying an additional 181,730 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of ABM Industries by 3.8% in the second quarter. BlackRock Fund Advisors now owns 3,676,749 shares of the company’s stock worth $134,128,000 after buying an additional 133,587 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ABM Industries by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,018,143 shares of the company’s stock worth $110,100,000 after buying an additional 58,720 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of ABM Industries by 30.2% in the second quarter. Alliancebernstein L.P. now owns 2,676,142 shares of the company’s stock worth $97,626,000 after buying an additional 620,108 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in shares of ABM Industries by 5.9% in the second quarter. Capital Research Global Investors now owns 2,447,000 shares of the company’s stock worth $89,267,000 after buying an additional 136,654 shares during the last quarter. Hedge funds and other institutional investors own 89.63% of the company’s stock.

Institutional Ownership by Quarter for ABM Industries (NYSE:ABM)

Shares of ABM Industries Inc. (NYSE:ABM) traded up 0.70% during trading on Friday, reaching $44.34. The company’s stock had a trading volume of 164,671 shares. ABM Industries Inc. has a one year low of $26.50 and a one year high of $44.93. The company has a 50-day moving average price of $39.99 and a 200-day moving average price of $37.69. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 28.68 and a beta of 0.79.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Wednesday, September 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.14. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. ABM Industries had a return on equity of 10.15% and a net margin of 1.73%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. On average, equities research analysts forecast that ABM Industries Inc. will post $1.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Thursday, October 6th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, October 4th. ABM Industries’s dividend payout ratio is currently 42.58%.

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A number of brokerages recently commented on ABM. Sidoti lowered ABM Industries from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 16th. Zacks Investment Research lowered ABM Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 14th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $44.00 price target on shares of ABM Industries in a research note on Saturday, September 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. ABM Industries presently has a consensus rating of “Hold” and a consensus price target of $42.33.

In other news, insider Scott J. Giacobbe sold 1,300 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $39.02, for a total transaction of $50,726.00. Following the transaction, the insider now owns 34,183 shares of the company’s stock, valued at approximately $1,333,820.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Diego Anthony Scaglione sold 700 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $42.50, for a total value of $29,750.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

ABM Industries Company Profile

ABM Industries Incorporated, formerly American Building Maintenance Industries, Inc, is a provider of end-to-end integrated facility solutions. The Company’s segments are Janitorial, Facility Services, Parking, Building & Energy Solutions, and Other. Its Janitorial segment provides a range of essential cleaning services, which include carpet cleaning and dusting, floor cleaning and finishing, window washing, and other building cleaning services.

5 Day Chart for NYSE:ABM

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