ABM Industries Incorporated (NYSE:ABM) Shares Acquired by First Hawaiian Bank

First Hawaiian Bank boosted its stake in ABM Industries Incorporated (NYSE:ABM) by 32.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,682 shares of the business services provider’s stock after purchasing an additional 2,614 shares during the quarter. First Hawaiian Bank’s holdings in ABM Industries were worth $547,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV grew its holdings in ABM Industries by 2.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 17,066 shares of the business services provider’s stock valued at $900,000 after purchasing an additional 378 shares during the period. Arizona State Retirement System grew its holdings in ABM Industries by 2.6% in the second quarter. Arizona State Retirement System now owns 17,718 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 442 shares during the period. The Manufacturers Life Insurance Company grew its holdings in ABM Industries by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 35,036 shares of the business services provider’s stock valued at $1,772,000 after purchasing an additional 539 shares during the period. Capital Performance Advisors LLP purchased a new stake in ABM Industries in the third quarter valued at approximately $30,000. Finally, Kovitz Investment Group Partners LLC grew its holdings in ABM Industries by 3.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 15,804 shares of the business services provider’s stock valued at $791,000 after purchasing an additional 588 shares during the period. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ABM Industries

In other news, CFO Earl Ray Ellis sold 40,000 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $53.96, for a total transaction of $2,158,400.00. Following the transaction, the chief financial officer now directly owns 45,260 shares of the company’s stock, valued at approximately $2,442,229.60. The trade was a 46.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.04% of the company’s stock.

ABM Industries Price Performance

ABM opened at $50.43 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.71. ABM Industries Incorporated has a 52-week low of $39.64 and a 52-week high of $59.78. The company has a 50 day moving average of $54.55 and a two-hundred day moving average of $53.42. The company has a market cap of $3.14 billion, a P/E ratio of 20.84 and a beta of 1.16.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. ABM Industries had a net margin of 1.89% and a return on equity of 12.93%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. ABM Industries’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect that ABM Industries Incorporated will post 3.53 earnings per share for the current year.

ABM Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.265 per share. This is an increase from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, January 2nd. ABM Industries’s payout ratio is currently 83.46%.

Analyst Upgrades and Downgrades

Separately, UBS Group boosted their target price on shares of ABM Industries from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, December 19th.

ABM Industries Profile

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