SG Americas Securities LLC Decreases Holdings in ABM Industries Incorporated (NYSE:ABM)

SG Americas Securities LLC trimmed its holdings in shares of ABM Industries Incorporated (NYSE:ABM – Get Rating) by 14.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,483 shares of the business services provider’s stock after selling 2,419 shares during the period. SG Americas Securities LLC’s holdings in ABM Industries were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in ABM Industries by 19.3% in the 1st quarter. State Street Corp now owns 7,059,579 shares of the business services provider’s stock valued at $325,023,000 after buying an additional 1,140,097 shares during the last quarter. Victory Capital Management Inc. boosted its position in ABM Industries by 72.1% in the 2nd quarter. Victory Capital Management Inc. now owns 2,716,067 shares of the business services provider’s stock valued at $117,932,000 after buying an additional 1,137,941 shares during the last quarter. Principal Financial Group Inc. boosted its position in ABM Industries by 9.1% in the 2nd quarter. Principal Financial Group Inc. now owns 1,790,995 shares of the business services provider’s stock valued at $77,765,000 after buying an additional 149,637 shares during the last quarter. Macquarie Group Ltd. boosted its position in ABM Industries by 3.0% in the 2nd quarter. Macquarie Group Ltd. now owns 1,771,386 shares of the business services provider’s stock valued at $76,913,000 after buying an additional 51,108 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in ABM Industries by 353.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,396,596 shares of the business services provider’s stock valued at $60,641,000 after buying an additional 1,088,389 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of ABM Industries in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

Insider Activity

In related news, CAO Dean A. Chin sold 2,520 shares of the stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $45.92, for a total transaction of $115,718.40. Following the sale, the chief accounting officer now owns 22,533 shares in the company, valued at $1,034,715.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

ABM Industries Stock Performance

Shares of ABM Industries stock opened at $44.81 on Tuesday. The firm has a market cap of $2.94 billion, a PE ratio of 13.14 and a beta of 1.13. The firm’s 50-day simple moving average is $45.30 and its 200-day simple moving average is $44.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15. ABM Industries Incorporated has a 1 year low of $37.68 and a 1 year high of $54.00.

ABM Industries (NYSE:ABM – Get Rating) last issued its earnings results on Tuesday, December 13th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.89. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. ABM Industries had a net margin of 2.95% and a return on equity of 14.72%. Equities analysts forecast that ABM Industries Incorporated will post 3.51 earnings per share for the current fiscal year.

ABM Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Thursday, January 5th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Wednesday, January 4th. This is a positive change from ABM Industries’s previous quarterly dividend of $0.20. ABM Industries’s dividend payout ratio is 25.81%.

ABM Industries Profile

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ABM Industries, Inc engages in the provision of facility, infrastructure, and mobility solutions. It operates through the following segments: Business and Industry, Manufacturing and Distribution, Education, Aviation, and Technical Solutions. The Business and Industry segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities.