Cubist Systematic Strategies LLC Raises Holdings in ABM Industries, Inc. (ABM)
Cubist Systematic Strategies LLC grew its holdings in shares of ABM Industries, Inc. (NYSE:ABM) by 50.6% in the second quarter, HoldingsChannel.com reports. The firm owned 24,570 shares of the business services provider’s stock after buying an additional 8,251 shares during the period. Cubist Systematic Strategies LLC’s holdings in ABM Industries were worth $717,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. CIBC Private Wealth Group LLC boosted its position in ABM Industries by 44.6% during the second quarter. CIBC Private Wealth Group LLC now owns 26,262 shares of the business services provider’s stock worth $767,000 after purchasing an additional 8,100 shares during the period. Pinebridge Investments L.P. boosted its position in shares of ABM Industries by 21.8% in the second quarter. Pinebridge Investments L.P. now owns 96,419 shares of the business services provider’s stock valued at $2,813,000 after acquiring an additional 17,227 shares during the period. Personal Capital Advisors Corp boosted its position in shares of ABM Industries by 40.8% in the second quarter. Personal Capital Advisors Corp now owns 114,297 shares of the business services provider’s stock valued at $3,335,000 after acquiring an additional 33,136 shares during the period. Ridgewood Investments LLC bought a new position in shares of ABM Industries in the second quarter valued at approximately $292,000. Finally, Investment Counselors of Maryland LLC bought a new position in shares of ABM Industries in the second quarter valued at approximately $15,534,000.
In other ABM Industries news, insider Scott B. Salmirs sold 6,239 shares of ABM Industries stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $33.98, for a total transaction of $212,001.22. Following the completion of the sale, the insider now directly owns 120,693 shares in the company, valued at $4,101,148.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Dean A. Chin sold 5,682 shares of ABM Industries stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $33.60, for a total transaction of $190,915.20. Following the sale, the senior vice president now owns 32,847 shares of the company’s stock, valued at $1,103,659.20. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
ABM stock opened at $33.76 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.61 and a quick ratio of 1.61. ABM Industries, Inc. has a 12 month low of $28.17 and a 12 month high of $44.70. The company has a market capitalization of $2.22 billion, a PE ratio of 19.29 and a beta of 0.77.
ABM Industries (NYSE:ABM) last released its quarterly earnings data on Thursday, September 6th. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. ABM Industries had a net margin of 1.34% and a return on equity of 7.75%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the business earned $0.51 earnings per share. ABM Industries’s revenue was up 23.2% compared to the same quarter last year. equities research analysts predict that ABM Industries, Inc. will post 1.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 5th. Stockholders of record on Thursday, October 4th will be given a $0.175 dividend. The ex-dividend date of this dividend is Wednesday, October 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.07%. ABM Industries’s dividend payout ratio (DPR) is currently 40.00%.
ABM Industries Profile
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through five segments: Business & Industry, Aviation, Emerging Industries Group, Technical Solutions, and GCA Services. It offers janitorial, facilities engineering, parking, passenger assistance, catering, air cabin maintenance, transportation, and specialized mechanical and electrical services.
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