Baker Ellis Asset Management LLC held its position in ABM Industries Inc. (NYSE:ABM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,250 shares of the company’s stock at the end of the second quarter. Baker Ellis Asset Management LLC’s holdings in ABM Industries were worth $520,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning raised its stake in ABM Industries by 3.7% in the second quarter. Creative Planning now owns 14,310 shares of the company’s stock valued at $522,000 after buying an additional 510 shares during the period. BlackRock Inc. raised its stake in ABM Industries by 43.3% in the first quarter. BlackRock Inc. now owns 5,267 shares of the company’s stock valued at $170,000 after buying an additional 1,591 shares during the period. Prudential Financial Inc. raised its stake in ABM Industries by 2.8% in the first quarter. Prudential Financial Inc. now owns 134,362 shares of the company’s stock valued at $4,341,000 after buying an additional 3,600 shares during the period. Acadian Asset Management LLC bought a new stake in ABM Industries during the second quarter valued at about $168,000. Finally, BlackRock Group LTD raised its stake in ABM Industries by 5.9% in the first quarter. BlackRock Group LTD now owns 111,122 shares of the company’s stock valued at $3,591,000 after buying an additional 6,235 shares during the period. 90.56% of the stock is currently owned by institutional investors and hedge funds.
ABM Industries Inc. (NYSE:ABM) traded up 0.41% during trading on Thursday, reaching $39.26. The company’s stock had a trading volume of 149,453 shares. ABM Industries Inc. has a 52-week low of $26.50 and a 52-week high of $40.47. The stock has a 50-day moving average price of $38.90 and a 200 day moving average price of $35.72. The company has a market cap of $2.19 billion, a PE ratio of 25.39 and a beta of 0.75.
ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Wednesday, September 7th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.14. The company earned $1.30 billion during 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 firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. On average, analysts expect that ABM Industries Inc. will post $1.73 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, October 6th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, October 4th. ABM Industries’s dividend payout ratio (DPR) is presently 42.58%.
Several brokerages recently weighed in on ABM. Robert W. Baird restated an “outperform” rating and set a $44.00 price objective on shares of ABM Industries in a research report on Saturday, September 10th. Zacks Investment Research upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, September 9th. Finally, Imperial Capital upped their price objective on ABM Industries from $33.00 to $38.00 and gave the stock a “hold” rating in a research report on Thursday, June 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$32.05.
In other news, insider Scott J. Giacobbe sold 1,300 shares of ABM Industries stock in a transaction on Friday, September 2nd. The stock was sold at an average price of C$39.02, for a total value of C$50,726.00. Following the completion of the transaction, the insider now directly owns 34,183 shares in the company, valued at C$1,333,820.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Maryellen C. Herringer sold 1,854 shares of ABM Industries stock in a transaction on Friday, July 8th. The shares were sold at an average price of C$36.83, for a total value of C$68,282.82. Following the completion of the transaction, the director now owns 156,777 shares of the company’s stock, valued at C$5,774,096.91. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
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.
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