Versant Capital Management Inc decreased its holdings in shares of ABM Industries, Inc. (NYSE:ABM) by 38.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 854 shares of the business services provider’s stock after selling 526 shares during the period. Versant Capital Management Inc’s holdings in ABM Industries were worth $34,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in ABM. Oregon Public Employees Retirement Fund increased its stake in shares of ABM Industries by 2.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 26,003 shares of the business services provider’s stock worth $1,040,000 after purchasing an additional 500 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in ABM Industries in the 2nd quarter worth approximately $41,000. Crossmark Global Holdings Inc. grew its stake in ABM Industries by 3.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,000 shares of the business services provider’s stock worth $600,000 after acquiring an additional 550 shares during the period. Investors Research Corp grew its stake in ABM Industries by 11.3% in the 2nd quarter. Investors Research Corp now owns 3,450 shares of the business services provider’s stock worth $138,000 after acquiring an additional 350 shares during the period. Finally, Qtron Investments LLC purchased a new stake in ABM Industries in the 1st quarter worth approximately $269,000.
Several analysts have commented on the stock. Zacks Investment Research raised shares of ABM Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Maxim Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of ABM Industries in a research note on Friday, July 19th. KeyCorp assumed coverage on shares of ABM Industries in a research note on Friday, April 5th. They issued a “sector weight” rating and a $36.83 target price for the company. Finally, ValuEngine cut shares of ABM Industries from a “buy” rating to a “hold” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.71.
ABM stock traded down $0.40 during midday trading on Friday, hitting $40.69. The stock had a trading volume of 2,090 shares, compared to its average volume of 264,917. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 21.57 and a beta of 0.64. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.61. ABM Industries, Inc. has a 12-month low of $25.64 and a 12-month high of $42.67. The business has a 50-day moving average price of $40.67.
ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, June 5th. The business services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.06. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. ABM Industries had a net margin of 1.33% and a return on equity of 8.82%. ABM Industries’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. On average, equities research analysts anticipate that ABM Industries, Inc. will post 2.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, July 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.72 annualized dividend and a yield of 1.77%. ABM Industries’s payout ratio is currently 38.10%.
About ABM Industries
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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