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983 Shares in ABM Industries Incorporated (NYSE:ABM) Purchased by Wipfli Financial Advisors LLC

Defense World · Jan 18, 2023 04:51

Wipfli Financial Advisors LLC purchased a new position in ABM Industries Incorporated (NYSE:ABM – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 983 shares of the business services provider's stock, valued at approximately $38,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SkyOak Wealth LLC lifted its holdings in ABM Industries by 5.1% during the third quarter. SkyOak Wealth LLC now owns 7,662 shares of the business services provider's stock valued at $293,000 after purchasing an additional 371 shares during the last quarter. Trust Co. of Vermont lifted its holdings in ABM Industries by 44.0% during the third quarter. Trust Co. of Vermont now owns 8,468 shares of the business services provider's stock valued at $324,000 after purchasing an additional 2,586 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in ABM Industries during the third quarter valued at about $1,220,000. Olstein Capital Management L.P. lifted its holdings in ABM Industries by 26.2% during the third quarter. Olstein Capital Management L.P. now owns 208,000 shares of the business services provider's stock valued at $7,952,000 after purchasing an additional 43,147 shares during the last quarter. Finally, Private Trust Co. NA purchased a new stake in ABM Industries during the third quarter valued at about $43,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, CAO Dean A. Chin sold 2,520 shares of the company's stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $45.92, for a total value of $115,718.40. Following the transaction, the chief accounting officer now directly owns 22,533 shares in the company, valued at $1,034,715.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other ABM Industries news, CAO Dean A. Chin sold 2,521 shares of the stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $43.00, for a total transaction of $108,403.00. Following the transaction, the chief accounting officer now directly owns 20,994 shares in the company, valued at $902,742. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Dean A. Chin sold 2,520 shares of the stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $45.92, for a total transaction of $115,718.40. Following the transaction, the chief accounting officer now owns 22,533 shares in the company, valued at $1,034,715.36. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

ABM Industries Trading Down 1.4 %

Shares of ABM opened at $45.69 on Wednesday. The business's 50-day moving average price is $45.26 and its 200-day moving average price is $44.03. ABM Industries Incorporated has a twelve month low of $37.68 and a twelve month high of $54.00. The stock has a market cap of $3.00 billion, a PE ratio of 13.40 and a beta of 1.13. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63.

ABM Industries (NYSE:ABM – Get Rating) last announced its quarterly earnings results on Tuesday, December 13th. The business services provider reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. ABM Industries had a return on equity of 14.72% and a net margin of 2.95%. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.98 billion. On average, equities analysts forecast that ABM Industries Incorporated will post 3.51 EPS for the current fiscal year.

ABM Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Investors of record on Thursday, January 5th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.93%. This is a boost from ABM Industries's previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, January 4th. ABM Industries's dividend payout ratio is 25.81%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of ABM Industries in a report on Wednesday, October 12th. They set a "hold" rating on the stock.

ABM Industries Company Profile

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ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. The company operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.