Dudley & Shanley LLC cut its position in shares of ABM Industries Inc. (NYSE:ABM) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 681,050 shares of the company’s stock after selling 4,950 shares during the period. ABM Industries accounts for approximately 5.7% of Dudley & Shanley LLC’s portfolio, making the stock its 6th largest position. Dudley & Shanley LLC owned 1.22% of ABM Industries worth $24,845,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Chicago Equity Partners LLC increased its position in shares of ABM Industries by 471.8% in the second quarter. Chicago Equity Partners LLC now owns 80,165 shares of the company’s stock worth $2,924,000 after buying an additional 66,145 shares in the last quarter. Bank of Montreal Can bought a new position in shares of ABM Industries during the second quarter worth about $257,000. Acadian Asset Management LLC bought a new position in shares of ABM Industries during the second quarter worth about $168,000. Creative Planning increased its position in shares of ABM Industries by 3.7% in the second quarter. Creative Planning now owns 14,310 shares of the company’s stock worth $522,000 after buying an additional 510 shares in the last quarter. Finally, Alpha Windward LLC bought a new position in shares of ABM Industries during the second quarter worth about $444,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
Shares of ABM Industries Inc. (NYSE:ABM) traded up 0.13% during midday trading on Monday, hitting $37.87. 235,361 shares of the stock were exchanged. ABM Industries Inc. has a one year low of $26.50 and a one year high of $40.47. The stock has a market cap of $2.11 billion, a P/E ratio of 24.50 and a beta of 0.75. The stock’s 50-day moving average price is $38.97 and its 200 day moving average price is $35.99.
ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. ABM Industries had a net margin of 1.73% and a return on equity of 10.15%. The company earned $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, analysts anticipate that ABM Industries Inc. will post $1.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, October 6th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, October 4th. ABM Industries’s dividend payout ratio (DPR) is 42.58%.
Several equities analysts have weighed in on the stock. Robert W. Baird restated an “outperform” rating and set a $44.00 target price on shares of ABM Industries in a report on Saturday, September 10th. Zacks Investment Research upgraded shares of ABM Industries from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Friday, September 9th. Finally, Imperial Capital raised their target price on shares of ABM Industries from $33.00 to $38.00 and gave the company a “hold” rating in a report on Thursday, June 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$32.05.
In related news, insider Scott J. Giacobbe sold 1,300 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of C$39.02, for a total value of C$50,726.00. Following the completion of the sale, the insider now owns 34,183 shares of the company’s stock, valued at C$1,333,820.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sarah H. Mcconnell sold 8,322 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of C$39.83, for a total transaction of C$331,465.26. Following the completion of the sale, the executive vice president now directly owns 66,429 shares of the company’s stock, valued at approximately C$2,645,867.07. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
About ABM Industries
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.
Want to see what other hedge funds are holding ABM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ABM Industries Inc. (NYSE:ABM).
Receive News & Ratings for ABM Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABM Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.