ABM Industries Incorporated (NYSE:ABM) Shares Sold by Goodman Financial Corp

Goodman Financial Corp decreased its position in shares of ABM Industries Incorporated (NYSE:ABM) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 277,047 shares of the business services provider’s stock after selling 3,203 shares during the period. ABM Industries comprises 3.0% of Goodman Financial Corp’s investment portfolio, making the stock its 14th biggest holding. Goodman Financial Corp’s holdings in ABM Industries were worth $14,179,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of ABM Industries in the 4th quarter valued at about $33,000. Adirondack Trust Co. increased its position in shares of ABM Industries by 28.6% in the fourth quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after buying an additional 200 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of ABM Industries by 193.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock worth $46,000 after buying an additional 595 shares during the period. Quarry LP lifted its position in shares of ABM Industries by 49.7% during the 3rd quarter. Quarry LP now owns 2,171 shares of the business services provider’s stock valued at $115,000 after buying an additional 721 shares in the last quarter. Finally, KBC Group NV grew its stake in ABM Industries by 60.9% in the 4th quarter. KBC Group NV now owns 2,819 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 1,067 shares during the period. 91.62% of the stock is owned by hedge funds and other institutional investors.

ABM Industries Price Performance

NYSE:ABM opened at $47.46 on Friday. The stock has a 50 day moving average of $52.10 and a two-hundred day moving average of $53.09. ABM Industries Incorporated has a 12 month low of $42.63 and a 12 month high of $59.78. The firm has a market cap of $2.95 billion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.265 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 annualized dividend and a yield of 2.23%. ABM Industries’s dividend payout ratio (DPR) is presently 84.13%.

Analysts Set New Price Targets

Separately, UBS Group reduced their price objective on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th.

Insider Activity

In other news, CAO Dean A. Chin sold 4,281 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total value of $224,153.16. Following the completion of the sale, the chief accounting officer now directly owns 18,681 shares in the company, valued at $978,137.16. This represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Rene Jacobsen sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total value of $528,400.00. Following the completion of the sale, the chief operating officer now directly owns 87,808 shares of the company’s stock, valued at approximately $4,639,774.72. This represents a 10.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

ABM Industries Company Profile

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.