Teacher Retirement System of Texas Has $1.86 Million Position in ABM Industries Incorporated (NYSE:ABM)

Teacher Retirement System of Texas decreased its position in shares of ABM Industries Incorporated (NYSE:ABM) by 74.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 36,360 shares of the business services provider’s stock after selling 103,421 shares during the quarter. Teacher Retirement System of Texas’ holdings in ABM Industries were worth $1,861,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Xponance Inc. lifted its stake in shares of ABM Industries by 18.1% during the fourth quarter. Xponance Inc. now owns 4,923 shares of the business services provider’s stock valued at $252,000 after acquiring an additional 753 shares during the period. Intech Investment Management LLC lifted its position in ABM Industries by 109.0% during the 4th quarter. Intech Investment Management LLC now owns 53,932 shares of the business services provider’s stock valued at $2,760,000 after purchasing an additional 28,122 shares during the period. Kennondale Capital Management LLC bought a new position in shares of ABM Industries in the 4th quarter valued at about $588,000. William Blair Investment Management LLC boosted its stake in shares of ABM Industries by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 818,810 shares of the business services provider’s stock valued at $41,907,000 after purchasing an additional 19,783 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of ABM Industries during the 4th quarter worth approximately $303,000. 91.62% of the stock is currently owned by institutional investors.

ABM Industries Price Performance

Shares of ABM stock opened at $48.26 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73. ABM Industries Incorporated has a 12-month low of $42.63 and a 12-month high of $59.78. The firm has a fifty day moving average of $51.62 and a 200-day moving average of $52.82. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 2.75 and a beta of 1.13.

ABM Industries Dividend Announcement

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 $0.265 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 dividend on an annualized basis and a yield of 2.20%. ABM Industries’s payout ratio is 84.13%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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 shares were sold at an average price of $52.36, for a total value of $224,153.16. Following the completion of the transaction, the chief accounting officer now 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 filing with the Securities & Exchange Commission, which is available 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 sale, the chief operating officer now owns 87,808 shares in the company, valued at approximately $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. Corporate 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.