BNP Paribas Arbitrage SA boosted its position in shares of ABM Industries, Inc. (NYSE:ABM) by 203.0% in the 1st quarter, HoldingsChannel reports. The fund owned 15,333 shares of the business services provider’s stock after acquiring an additional 10,273 shares during the period. BNP Paribas Arbitrage SA’s holdings in ABM Industries were worth $557,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ABM. Bank of New York Mellon Corp raised its stake in shares of ABM Industries by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 980,646 shares of the business services provider’s stock worth $31,626,000 after purchasing an additional 10,251 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of ABM Industries by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 283,723 shares of the business services provider’s stock worth $9,150,000 after purchasing an additional 2,747 shares during the last quarter. Man Group plc purchased a new stake in shares of ABM Industries in the third quarter worth approximately $387,000. Teachers Advisors LLC raised its stake in shares of ABM Industries by 3.3% in the third quarter. Teachers Advisors LLC now owns 129,974 shares of the business services provider’s stock worth $4,192,000 after purchasing an additional 4,177 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of ABM Industries by 37.5% in the third quarter. Nordea Investment Management AB now owns 145,716 shares of the business services provider’s stock worth $4,699,000 after purchasing an additional 39,748 shares during the last quarter.
In other ABM Industries news, CFO Diego Anthony Scaglione sold 2,856 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $37.31, for a total transaction of $106,557.36. Following the completion of the transaction, the chief financial officer now directly owns 62,043 shares of the company’s stock, valued at $2,314,824.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Dean A. Chin sold 8,758 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $37.53, for a total value of $328,687.74. Following the transaction, the chief accounting officer now directly owns 28,644 shares of the company’s stock, valued at $1,075,009.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,728 shares of company stock valued at $1,110,234. 0.94% of the stock is currently owned by corporate insiders.
ABM stock opened at $38.01 on Thursday. The company has a market capitalization of $2.47 billion, a PE ratio of 20.11 and a beta of 0.57. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. ABM Industries, Inc. has a 12-month low of $25.64 and a 12-month high of $38.58.
ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, March 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.61 billion. ABM Industries had a return on equity of 8.87% and a net margin of 1.28%. ABM Industries’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. Analysts anticipate that ABM Industries, Inc. will post 1.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 6th. Stockholders of record on Thursday, April 4th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Wednesday, April 3rd. ABM Industries’s dividend payout ratio is presently 38.10%.
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ABM Industries Profile
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. The company offers janitorial, electrical and lighting, energy, facilities engineering, HVAC and mechanical, landscape and turf, mission critical, and parking solutions.
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