ABM Industries Incorporated (NYSE:ABM) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its stake in ABM Industries Incorporated (NYSE:ABM) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,970 shares of the business services provider’s stock after selling 25,345 shares during the period. AQR Capital Management LLC owned about 0.38% of ABM Industries worth $11,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in ABM. Vanguard Group Inc. raised its holdings in ABM Industries by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,198,258 shares of the business services provider’s stock valued at $419,587,000 after acquiring an additional 55,584 shares in the last quarter. Invesco Ltd. lifted its position in shares of ABM Industries by 14.8% during the 4th quarter. Invesco Ltd. now owns 1,517,516 shares of the business services provider’s stock worth $77,666,000 after purchasing an additional 195,978 shares during the last quarter. American Century Companies Inc. grew its stake in shares of ABM Industries by 2,322.1% during the fourth quarter. American Century Companies Inc. now owns 1,183,695 shares of the business services provider’s stock worth $60,582,000 after purchasing an additional 1,134,825 shares in the last quarter. Norges Bank purchased a new position in ABM Industries in the fourth quarter valued at $43,967,000. Finally, Pzena Investment Management LLC raised its stake in ABM Industries by 22.5% in the fourth quarter. Pzena Investment Management LLC now owns 850,914 shares of the business services provider’s stock valued at $43,550,000 after buying an additional 156,450 shares in the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Analyst Ratings Changes

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

ABM Industries Price Performance

Shares of NYSE:ABM opened at $49.55 on Tuesday. ABM Industries Incorporated has a 12 month low of $40.85 and a 12 month high of $59.78. The firm has a market capitalization of $3.08 billion, a P/E ratio of 39.02, a P/E/G ratio of 2.75 and a beta of 0.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. The company’s fifty day moving average price is $47.95 and its 200 day moving average price is $51.80.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Thursday, April 3rd. ABM Industries’s payout ratio is currently 84.13%.

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.