Strs Ohio Has $940,000 Stock Position in ABM Industries, Inc. (NYSE:ABM)

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Strs Ohio raised its holdings in ABM Industries, Inc. (NYSE:ABM) by 1,707.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 23,500 shares of the business services provider’s stock after acquiring an additional 22,200 shares during the quarter. Strs Ohio’s holdings in ABM Industries were worth $940,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new position in ABM Industries in the 2nd quarter valued at approximately $41,000. Cutler Group LP acquired a new position in ABM Industries in the 1st quarter valued at approximately $47,000. Investors Research Corp acquired a new position in ABM Industries in the 1st quarter valued at approximately $113,000. GAM Holding AG acquired a new position in ABM Industries in the 1st quarter valued at approximately $203,000. Finally, Violich Capital Management Inc. acquired a new position in ABM Industries in the 2nd quarter valued at approximately $205,000.

NYSE:ABM opened at $39.91 on Wednesday. The company has a fifty day moving average price of $40.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.50 and a current ratio of 1.50. ABM Industries, Inc. has a 52 week low of $25.64 and a 52 week high of $42.67. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 21.12 and a beta of 0.62.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Wednesday, June 5th. The business services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.06. ABM Industries had a net margin of 1.33% and a return on equity of 8.82%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm posted $0.47 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts expect that ABM Industries, Inc. will post 2.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, July 5th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, July 3rd. ABM Industries’s dividend payout ratio is currently 38.10%.

In other news, CAO Dean A. Chin sold 1,329 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $39.95, for a total value of $53,093.55. Following the sale, the chief accounting officer now directly owns 19,976 shares of the company’s stock, valued at approximately $798,041.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Scott B. Salmirs sold 7,699 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $41.41, for a total transaction of $318,815.59. Following the completion of the sale, the insider now directly owns 160,758 shares in the company, valued at $6,656,988.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,404 shares of company stock worth $749,467. Insiders own 0.94% of the company’s stock.

Several equities analysts have issued reports on the stock. Maxim Group restated a “buy” rating and issued a $50.00 price target on shares of ABM Industries in a research report on Friday, July 19th. Zacks Investment Research upgraded shares of ABM Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, ValuEngine cut shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.71.

ABM Industries Profile

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. The company offers janitorial, electrical and lighting, energy, facilities engineering, HVAC and mechanical, landscape and turf, mission critical, and parking solutions.

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

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