ABM Industries, Inc. (NYSE:ABM) Stock Position Reduced by Keybank National Association OH

Keybank National Association OH lessened its position in shares of ABM Industries, Inc. (NYSE:ABM) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,631 shares of the business services provider’s stock after selling 250 shares during the period. Keybank National Association OH’s holdings in ABM Industries were worth $1,305,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue lifted its holdings in shares of ABM Industries by 1.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 22,596 shares of the business services provider’s stock worth $903,000 after purchasing an additional 281 shares during the last quarter. Investors Research Corp lifted its holdings in shares of ABM Industries by 11.3% in the 2nd quarter. Investors Research Corp now owns 3,450 shares of the business services provider’s stock worth $138,000 after purchasing an additional 350 shares during the last quarter. Novare Capital Management LLC lifted its holdings in shares of ABM Industries by 0.3% in the 1st quarter. Novare Capital Management LLC now owns 123,075 shares of the business services provider’s stock worth $4,474,000 after purchasing an additional 385 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of ABM Industries by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 25,503 shares of the business services provider’s stock worth $927,000 after purchasing an additional 461 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of ABM Industries by 3.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,000 shares of the business services provider’s stock worth $600,000 after purchasing an additional 550 shares during the last quarter.

In other news, CAO Dean A. Chin sold 1,329 shares of ABM Industries stock in a transaction on Monday, August 5th. The stock was sold at an average price of $39.95, for a total transaction of $53,093.55. Following the transaction, the chief accounting officer now directly owns 19,976 shares in the company, valued at approximately $798,041.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Linda Chavez sold 6,000 shares of ABM Industries stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $40.00, for a total value of $240,000.00. Following the transaction, the director now owns 21,070 shares in the company, valued at $842,800. The disclosure for this sale can be found here. Insiders have sold a total of 18,404 shares of company stock worth $749,467 in the last ninety days. 0.94% of the stock is owned by company insiders.

Several brokerages recently issued reports on ABM. Zacks Investment Research raised ABM Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. ValuEngine downgraded ABM Industries from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. William Blair started coverage on ABM Industries in a research note on Thursday. They set a “market perform” rating on the stock. Finally, Maxim Group reaffirmed a “buy” rating and set a $50.00 target price on shares of ABM Industries in a research note on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. ABM Industries presently has an average rating of “Hold” and a consensus target price of $41.71.

ABM Industries stock traded up $0.48 during mid-day trading on Friday, hitting $38.53. 210,700 shares of the company’s stock traded hands, compared to its average volume of 345,086. The firm has a 50 day moving average price of $40.78 and a 200 day moving average price of $37.80. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.52 billion, a PE ratio of 20.39 and a beta of 0.62. ABM Industries, Inc. has a one year low of $25.64 and a one year high of $42.67.

ABM Industries (NYSE:ABM) last announced its earnings results on Wednesday, June 5th. The business services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. ABM Industries had a return on equity of 8.82% and a net margin of 1.33%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. On average, analysts expect that ABM Industries, Inc. will post 2.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Friday, July 5th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.87%. The ex-dividend date was Wednesday, July 3rd. ABM Industries’s payout ratio is currently 38.10%.

ABM Industries Company 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.

Further Reading: Lock-Up Period Expiration

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

Receive News & Ratings for ABM Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABM Industries and related companies with MarketBeat.com's FREE daily email newsletter.