American Century Companies Inc. Grows Holdings in ABM Industries Incorporated (NYSE:ABM)

American Century Companies Inc. increased its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 2,322.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,183,695 shares of the business services provider’s stock after buying an additional 1,134,825 shares during the period. American Century Companies Inc.’s holdings in ABM Industries were worth $60,582,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Natixis Advisors LLC purchased a new position in shares of ABM Industries during the third quarter worth $543,000. Intech Investment Management LLC boosted its holdings in ABM Industries by 138.3% during the 3rd quarter. Intech Investment Management LLC now owns 25,810 shares of the business services provider’s stock valued at $1,362,000 after acquiring an additional 14,977 shares during the period. Charles Schwab Investment Management Inc. grew its position in ABM Industries by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 681,006 shares of the business services provider’s stock valued at $35,930,000 after acquiring an additional 12,179 shares in the last quarter. Citigroup Inc. increased its stake in ABM Industries by 51.3% during the third quarter. Citigroup Inc. now owns 101,006 shares of the business services provider’s stock worth $5,329,000 after purchasing an additional 34,254 shares during the period. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of ABM Industries during the third quarter worth about $1,936,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

Insider Activity at ABM Industries

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

ABM Industries Trading Up 0.1 %

ABM opened at $47.60 on Wednesday. The business has a fifty day moving average price of $51.83 and a 200 day moving average price of $52.89. 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 12 month low of $42.63 and a 12 month high of $59.78. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 2.75 and a beta of 1.13.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.265 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.23%. ABM Industries’s payout ratio is 84.13%.

Wall Street Analyst Weigh In

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

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.