Mitsubishi UFJ Trust & Banking Corp Has $775,000 Stock Holdings in ABM Industries Incorporated (NYSE:ABM)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,143 shares of the business services provider’s stock after selling 220 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in ABM Industries were worth $775,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of ABM Industries by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 8,198,258 shares of the business services provider’s stock worth $419,587,000 after purchasing an additional 55,584 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in ABM Industries in the 4th quarter worth approximately $1,131,000. Sei Investments Co. lifted its holdings in ABM Industries by 321.3% during the 4th quarter. Sei Investments Co. now owns 153,193 shares of the business services provider’s stock worth $7,840,000 after buying an additional 116,827 shares in the last quarter. American Century Companies Inc. boosted its position in ABM Industries by 2,322.1% in the 4th quarter. American Century Companies Inc. now owns 1,183,695 shares of the business services provider’s stock valued at $60,582,000 after buying an additional 1,134,825 shares during the last quarter. Finally, Xponance Inc. increased its stake in shares of ABM Industries by 18.1% in the 4th quarter. Xponance Inc. now owns 4,923 shares of the business services provider’s stock valued at $252,000 after buying an additional 753 shares during the period. Institutional investors own 91.62% of the company’s stock.

Insider Buying and Selling

In related news, CAO Dean A. Chin sold 4,281 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 18,681 shares in the company, valued at approximately $978,137.16. The trade was a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Rene Jacobsen sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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 directly owns 87,808 shares of the company’s stock, valued at $4,639,774.72. The trade was a 10.22 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

ABM Industries Trading Up 1.1 %

Shares of NYSE ABM opened at $47.89 on Wednesday. The company’s 50 day simple moving average is $51.27 and its 200 day simple moving average is $52.81. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick 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 firm has a market capitalization of $2.98 billion, a P/E ratio of 37.71, a P/E/G ratio of 2.75 and a beta of 1.13.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd will be given a $0.265 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.06 annualized dividend and a dividend yield of 2.21%. ABM Industries’s dividend payout ratio is currently 84.13%.

Wall Street Analyst Weigh In

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

About ABM Industries

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.