New Age Alpha Advisors LLC Takes $5.06 Million Position in ABM Industries Incorporated (NYSE:ABM)

New Age Alpha Advisors LLC acquired a new stake in shares of ABM Industries Incorporated (NYSE:ABM) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 98,835 shares of the business services provider’s stock, valued at approximately $5,058,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors LLC acquired a new stake in shares of ABM Industries during the third quarter valued at about $543,000. Charles Schwab Investment Management Inc. boosted its position in ABM Industries by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 681,006 shares of the business services provider’s stock worth $35,930,000 after buying an additional 12,179 shares during the period. Citigroup Inc. increased its position in ABM Industries by 51.3% in the 3rd quarter. Citigroup Inc. now owns 101,006 shares of the business services provider’s stock valued at $5,329,000 after acquiring an additional 34,254 shares during the period. Cerity Partners LLC raised its stake in shares of ABM Industries by 30.1% during the third quarter. Cerity Partners LLC now owns 22,106 shares of the business services provider’s stock valued at $1,166,000 after acquiring an additional 5,114 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of ABM Industries by 18.2% during the third quarter. Daiwa Securities Group Inc. now owns 8,773 shares of the business services provider’s stock worth $463,000 after purchasing an additional 1,351 shares during the period. Institutional investors own 91.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ABM Industries Stock Performance

NYSE:ABM opened at $47.28 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. ABM Industries Incorporated has a fifty-two week low of $42.63 and a fifty-two week high of $59.78. The company has a 50 day simple moving average of $51.51 and a two-hundred day simple moving average of $52.80. The company has a market capitalization of $2.94 billion, a PE ratio of 37.23, a P/E/G ratio of 2.75 and a beta of 1.13.

ABM Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, April 3rd. ABM Industries’s dividend payout ratio (DPR) is presently 84.13%.

Insiders Place Their Bets

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

ABM Industries 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.