Quadrature Capital Ltd Sells 16,555 Shares of ABM Industries Incorporated (NYSE:ABM)

Quadrature Capital Ltd reduced its holdings in ABM Industries Incorporated (NYSE:ABM) by 43.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,435 shares of the business services provider’s stock after selling 16,555 shares during the quarter. Quadrature Capital Ltd’s holdings in ABM Industries were worth $957,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in ABM Industries during the 4th quarter valued at $25,000. SRS Capital Advisors Inc. increased its holdings in shares of ABM Industries by 323.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 669 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 511 shares in the last quarter. Clarity Asset Management Inc. purchased a new position in ABM Industries in the 4th quarter worth approximately $54,000. Quest Partners LLC bought a new position in shares of ABM Industries during the 4th quarter valued at $58,000. Finally, TFO Wealth Partners LLC boosted its position in ABM Industries by 166,500.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,666 shares of the business services provider’s stock worth $750,000 after purchasing an additional 1,665 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.

Insider Transactions at ABM Industries

In related news, COO Rene Jacobsen sold 40,000 shares of ABM Industries stock in a transaction on Monday, July 15th. The stock was sold at an average price of $51.67, for a total value of $2,066,800.00. Following the completion of the transaction, the chief operating officer now directly owns 72,062 shares in the company, valued at $3,723,443.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other ABM Industries news, COO Rene Jacobsen sold 40,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $51.67, for a total value of $2,066,800.00. Following the sale, the chief operating officer now owns 72,062 shares of the company’s stock, valued at approximately $3,723,443.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott B. Salmirs sold 25,000 shares of ABM Industries stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $48.90, for a total transaction of $1,222,500.00. Following the completion of the transaction, the chief executive officer now owns 378,391 shares of the company’s stock, valued at approximately $18,503,319.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,393 shares of company stock valued at $4,606,923. 1.04% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ABM shares. UBS Group lifted their price target on shares of ABM Industries from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, June 7th. StockNews.com upgraded ABM Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th. Finally, Robert W. Baird lifted their price objective on shares of ABM Industries from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, June 10th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.80.

ABM Industries Trading Up 0.9 %

Shares of NYSE:ABM traded up $0.47 during mid-day trading on Friday, reaching $55.08. 426,196 shares of the company were exchanged, compared to its average volume of 495,942. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 14.42 and a beta of 1.16. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.44 and a quick ratio of 1.44. ABM Industries Incorporated has a 1 year low of $37.61 and a 1 year high of $56.02. The firm’s 50-day simple moving average is $50.25 and its 200 day simple moving average is $45.43.

ABM Industries (NYSE:ABM) last posted its earnings results on Thursday, June 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.08. ABM Industries had a return on equity of 12.52% and a net margin of 3.04%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the company earned $0.90 EPS. ABM Industries’s revenue was up 1.7% on a year-over-year basis. Equities research analysts forecast that ABM Industries Incorporated will post 3.46 EPS for the current year.

ABM Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, July 5th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.90 annualized dividend and a dividend yield of 1.63%. ABM Industries’s dividend payout ratio (DPR) is 23.56%.

About ABM Industries

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.