According to the most recent 13F filing that the South Dakota Investment Council submitted to the Securities and Exchange Commission, the organization sold some of its shares of ABM Industries Incorporated (NYSE: ABM) during the third quarter of the fiscal year. Following the sale of 8,600 shares of the business services provider’s stock during the quarter, the fund’s total holdings amounted to 22,709. When this article was written, the South Dakota Investment Council held a stake in ABM Industries that was estimated to be worth $868,000.
The most recent report submitted to the Securities and Exchange Commission is where we got this information, so thank them for that.
Other institutional investors have also adjusted the proportion of the business they own now; these adjustments were made in light of recent events.
Allspring Global Investments Holdings LLC increased the number of ABM Industries shares held in its portfolio by 23.6% over the second quarter.
Allspring Global Investments Holdings LLC now holds a total of 194,218 shares of the business services provider’s stock, which has a value of $8,432,000 following the acquisition of an additional 37,040 shares during the most recent quarter.
Allspring Global Investments Holdings LLC purchased these shares.
BNP Paribas Arbitrage SA increased the amount of ABM Industries stock owned by 6.2% during the year’s second quarter.
After purchasing 1,621 additional shares during the most recent quarter, BNP Paribas Arbitrage SA now owns 27,741 shares of the business services provider’s stock.
Based on the current stock price, this gives the company a market value of $1,205,000.
During the second quarter of the fiscal year, Envestnet Asset Management INC increased the percentage of ABM Industries stock owned by 3.4%. Following the acquisition of an additional 4,082 shares during the most recent quarter, Envestnet Asset Management INC now holds a total of 123,880 shares of the stock held by the business services provider.
The current value of these shares, when traded on the market, is $5,379,000.
McClarren Financial Advisors INC spent $59,000 during the third quarter to purchase a new stake in ABM Industries.
This acquisition took place during the quarter. Finally, during the second quarter, PDT Partners LLC bought additional shares of ABM Industries, which increased the company’s holdings to 838,000 dollars.
At the moment, institutions own 92.15 percent of the equity in the company.
On Wednesday, the opening price of an individual share of ABM stock was $47.35.The company’s price-to-earnings ratio is 13.91, and its beta value is 1.14.
The company’s total value, as represented by its market capitalization, is $3.11 billion.
The moving average price of the stock over the past 50 days is $45.57, and the moving average price over the last 200 days is $44.37.
The financial ratios, including the debt-to-equity ratio, the current ratio, and the quick ratio, are all equal to 1.15.
The ratio of debt to equity is currently set at 0.63.
The lowest price that the stock of ABM Industries Incorporated has been in the past year is $37.68, and the highest price that the stock has been in the past year is $54.00.
ABM Industries (NYSE: ABM) updated its most recent quarterly financial report on Tuesday, December 13, and announced the report’s results.
The provider of business services reported earnings per share (EPS) for the quarter to be $0.89, which was in line with the consensus estimate from market analysts.
ABM Industries had a return on equity of 14.72 percent, and the net margin for the company was 2.95 percent.
The revenue for the quarter came in at $2.01 billion, which was significantly higher than the analysts’ average estimate of $1.98 billion, which was the revenue that was expected to be generated during the quarter.
ABM Industries Incorporated is expected to generate earnings of $3.51 per share in 2018, according to projections made available by specialists in the field of research.
In addition, the board of directors decided to declare a quarterly dividend, and the company paid it out on February 6 after receiving approval from shareholders. On Thursday, January 5, dividends for $0.22 per share were distributed to shareholders on record at the company. Shareholders whose information was already on file were eligible to receive this distribution. Consequently, the dividend yield ended up being 1.88%, and the annual dividend amount was $0.88. On January 4, the dividend payment process began after initial deductions.
The most recent quarterly dividend that ABM Industries distributed was $0.20, representing an increase from that amount.
The dividend payout percentage for ABM Industries is calculated to be 25.81%.
Separately, on October 12, StockNews.com began its coverage of ABM Industries by publishing a research report on the company.
The report was published as part of the website’s company coverage.
They recommended that shareholders “hold” their shares of the company.
On January 11, the Chief Administrative Officer of ABM Industries, Dean A. Chin, sold 2,520 shares of the company.
This is another development about ABM Industries.
A total of 115,718.40 dollars’ worth of the company’s stock was bought and sold at an average price of $45.92 per share. Following the completion of the transaction, the chief accounting officer was awarded 22,533 shares of the company, which have an approximate value of $1,034,715.36 at present.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence.
The documentation was provided to the SEC.
The current percentage of the company’s stock held by company insiders is 0.54%.
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