Foundry Partners LLC Acquires 13,709 Shares of ABM Industries Incorporated (NYSE:ABM)

Foundry Partners LLC grew its holdings in ABM Industries Incorporated (NYSE:ABM) by 15.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,577 shares of the business services provider’s stock after acquiring an additional 13,709 shares during the quarter. Foundry Partners LLC owned 0.16% of ABM Industries worth $5,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in ABM Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,198,258 shares of the business services provider’s stock valued at $419,587,000 after purchasing an additional 55,584 shares during the period. Geode Capital Management LLC lifted its stake in shares of ABM Industries by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,451,252 shares of the business services provider’s stock valued at $76,582,000 after buying an additional 7,050 shares during the period. American Century Companies Inc. grew its position in ABM Industries by 2,322.1% during the fourth quarter. American Century Companies Inc. now owns 1,183,695 shares of the business services provider’s stock worth $60,582,000 after buying an additional 1,134,825 shares in the last quarter. Norges Bank bought a new position in ABM Industries during the fourth quarter valued at about $43,967,000. Finally, Pzena Investment Management LLC raised its holdings in ABM Industries by 22.5% in the 4th quarter. Pzena Investment Management LLC now owns 850,914 shares of the business services provider’s stock valued at $43,550,000 after acquiring an additional 156,450 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price objective 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

NYSE ABM opened at $45.25 on Friday. ABM Industries Incorporated has a twelve month low of $42.63 and a twelve month high of $59.78. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73. The stock has a market cap of $2.82 billion, a P/E ratio of 35.63, a PEG ratio of 2.75 and a beta of 1.05. The company’s 50-day simple moving average is $50.93 and its 200 day simple moving average is $52.69.

ABM Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 annualized dividend and a dividend yield of 2.34%. ABM Industries’s dividend payout ratio (DPR) is presently 84.13%.

Insider Buying and Selling

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

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.