PharVision Advisers LLC Makes New Investment in ABM Industries Incorporated (NYSE:ABM)

PharVision Advisers LLC bought a new position in ABM Industries Incorporated (NYSE:ABM) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 4,165 shares of the business services provider’s stock, valued at approximately $213,000.

A number of other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of ABM Industries during the fourth quarter valued at about $33,000. Adirondack Trust Co. boosted its position in ABM Industries by 28.6% in the fourth quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after buying an additional 200 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in ABM Industries by 193.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock worth $46,000 after purchasing an additional 595 shares in the last quarter. Sterling Capital Management LLC boosted its position in ABM Industries by 834.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider’s stock worth $104,000 after purchasing an additional 1,820 shares in the last quarter. Finally, KBC Group NV boosted its position in ABM Industries by 60.9% in the 4th quarter. KBC Group NV now owns 2,819 shares of the business services provider’s stock worth $144,000 after purchasing an additional 1,067 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Scott B. Salmirs sold 12,135 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $52.06, for a total transaction of $631,748.10. Following the transaction, the chief executive officer now owns 406,721 shares in the company, valued at $21,173,895.26. This trade represents a 2.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sean Michael Mahoney sold 1,800 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $50.03, for a total value of $90,054.00. Following the transaction, the executive vice president now owns 47,425 shares in the company, valued at $2,372,672.75. This trade represents a 3.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,374 shares of company stock worth $2,733,303 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

ABM Industries Trading Down 0.0%

Shares of NYSE:ABM opened at $51.40 on Friday. ABM Industries Incorporated has a 1 year low of $40.85 and a 1 year high of $59.78. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 40.47, a price-to-earnings-growth 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 business’s 50 day moving average price is $48.10 and its 200-day moving average price is $51.64.

ABM Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.265 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.06%. ABM Industries’s dividend payout ratio (DPR) is 84.13%.

Analyst Ratings Changes

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

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.