ABM Industries Incorporated (ABM) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in ABM Industries Incorporated (NYSE:ABM) by 13.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,230 shares of the business services provider’s stock after selling 4,710 shares during the quarter. Sei Investments Co.’s holdings in ABM Industries were worth $1,261,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Aperio Group LLC grew its holdings in ABM Industries by 9.4% during the second quarter. Aperio Group LLC now owns 35,705 shares of the business services provider’s stock worth $1,482,000 after acquiring an additional 3,075 shares during the period. Strs Ohio grew its holdings in ABM Industries by 1.7% during the second quarter. Strs Ohio now owns 29,800 shares of the business services provider’s stock worth $1,237,000 after acquiring an additional 500 shares during the period. NGAM Advisors L.P. acquired a new stake in ABM Industries during the second quarter worth about $2,756,000. Great West Life Assurance Co. Can grew its holdings in ABM Industries by 3.7% during the second quarter. Great West Life Assurance Co. Can now owns 80,849 shares of the business services provider’s stock worth $3,354,000 after acquiring an additional 2,888 shares during the period. Finally, Texas Permanent School Fund grew its holdings in ABM Industries by 1.1% during the second quarter. Texas Permanent School Fund now owns 40,649 shares of the business services provider’s stock worth $1,688,000 after acquiring an additional 437 shares during the period. Hedge funds and other institutional investors own 96.04% of the company’s stock.

In other news, SVP Dean A. Chin sold 880 shares of ABM Industries stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $42.90, for a total value of $37,752.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott J. Giacobbe sold 11,094 shares of ABM Industries stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total value of $442,872.48. Following the completion of the sale, the insider now directly owns 59,152 shares in the company, valued at $2,361,347.84. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Several brokerages have commented on ABM. Zacks Investment Research lowered ABM Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub lowered ABM Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Robert W. Baird set a $47.00 price objective on ABM Industries and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, KeyCorp raised ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a report on Monday, September 11th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. ABM Industries presently has an average rating of “Buy” and an average target price of $48.20.

Shares of ABM Industries Incorporated (NYSE ABM) opened at $43.54 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.52. ABM Industries Incorporated has a 1-year low of $37.12 and a 1-year high of $45.12. The company has a market capitalization of $2,800.19, a P/E ratio of 22.75 and a beta of 0.80.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. ABM Industries had a net margin of 0.29% and a return on equity of 11.37%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. equities research analysts anticipate that ABM Industries Incorporated will post 1.85 EPS for the current year.

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ABM Industries Company Profile

ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.

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

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