Centiva Capital LP purchased a new position in shares of ABM Industries, Inc. (NYSE:ABM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,333 shares of the business services provider’s stock, valued at approximately $239,000. ABM Industries comprises approximately 0.0% of Centiva Capital LP’s investment portfolio, making the stock its 29th largest holding.

A number of other hedge funds have also recently modified their holdings of ABM. Lee Thomas H Partners LP bought a new stake in ABM Industries during the third quarter worth about $188,691,000. Vaughan Nelson Investment Management L.P. lifted its stake in ABM Industries by 65.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,235,775 shares of the business services provider’s stock worth $51,544,000 after purchasing an additional 489,875 shares during the last quarter. Dalton Greiner Hartman Maher & Co. lifted its stake in ABM Industries by 62.7% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 798,509 shares of the business services provider’s stock worth $30,120,000 after purchasing an additional 307,846 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in ABM Industries by 1,354.9% during the third quarter. Allianz Asset Management GmbH now owns 301,971 shares of the business services provider’s stock worth $12,595,000 after purchasing an additional 281,216 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in ABM Industries during the second quarter worth about $261,000. 95.12% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on ABM shares. Zacks Investment Research lowered ABM Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, December 15th. TheStreet lowered ABM Industries from a “b” rating to a “c+” rating in a research note on Friday, December 29th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $48.50.

Shares of ABM Industries, Inc. (NYSE:ABM) opened at $34.55 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.63 and a current ratio of 1.63. ABM Industries, Inc. has a 52 week low of $33.70 and a 52 week high of $45.12. The stock has a market capitalization of $2,301.52, a PE ratio of 20.07 and a beta of 0.73.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Wednesday, December 13th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.12). The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. ABM Industries had a return on equity of 9.74% and a net margin of 0.07%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. sell-side analysts forecast that ABM Industries, Inc. will post 2.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Thursday, January 4th were issued a $0.175 dividend. The ex-dividend date was Wednesday, January 3rd. This represents a $0.70 annualized dividend and a dividend yield of 2.03%. This is an increase from ABM Industries’s previous quarterly dividend of $0.17. ABM Industries’s payout ratio is currently 1,000.14%.

In other news, Director Linda Chavez sold 2,103 shares of ABM Industries stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $38.89, for a total value of $81,785.67. Following the transaction, the director now owns 16,557 shares in the company, valued at $643,901.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

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About ABM Industries

ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.

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Institutional Ownership by Quarter for ABM Industries (NYSE:ABM)

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