Illinois Municipal Retirement Fund Sells 4,664 Shares of ABM Industries Incorporated (NYSE:ABM)

Illinois Municipal Retirement Fund decreased its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 12.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,513 shares of the business services provider’s stock after selling 4,664 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of ABM Industries worth $1,715,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ABM. Savant Capital LLC boosted its holdings in shares of ABM Industries by 1.7% during the fourth quarter. Savant Capital LLC now owns 11,707 shares of the business services provider’s stock worth $599,000 after acquiring an additional 191 shares during the period. Adirondack Trust Co. boosted its stake in ABM Industries by 28.6% in the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 200 shares during the period. Naples Global Advisors LLC grew its holdings in ABM Industries by 2.3% in the 4th quarter. Naples Global Advisors LLC now owns 11,038 shares of the business services provider’s stock valued at $565,000 after buying an additional 253 shares in the last quarter. CIBC Asset Management Inc increased its position in ABM Industries by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,274 shares of the business services provider’s stock worth $321,000 after buying an additional 289 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of ABM Industries by 2.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 17,066 shares of the business services provider’s stock worth $900,000 after buying an additional 378 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised their price target on shares of ABM Industries from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th.

Insider Buying and Selling at ABM Industries

In other news, COO Rene Jacobsen sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $52.84, for a total value of $528,400.00. Following the sale, the chief operating officer now directly owns 87,808 shares in the company, valued at approximately $4,639,774.72. This trade represents a 10.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Dean A. Chin sold 4,281 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total transaction of $224,153.16. Following the transaction, the chief accounting officer now owns 18,681 shares of the company’s stock, valued at approximately $978,137.16. This represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

ABM Industries Price Performance

Shares of NYSE ABM opened at $54.22 on Friday. The business has a fifty day moving average price of $52.40 and a two-hundred day moving average price of $53.60. The stock has a market capitalization of $3.37 billion, a PE ratio of 42.69, a P/E/G ratio of 2.75 and a beta of 1.16. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33. ABM Industries Incorporated has a fifty-two week low of $40.50 and a fifty-two week high of $59.78.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. ABM Industries had a net margin of 0.97% and a return on equity of 12.48%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the business posted $1.01 earnings per share. ABM Industries’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts predict that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 2nd were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 1.96%. This is a boost from ABM Industries’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, January 2nd. ABM Industries’s dividend payout ratio (DPR) is 83.46%.

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.