Nuveen Asset Management LLC cut its stock position in ABM Industries Incorporated (NYSE: ABM – Get Rating) by 20.5% in the third quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The company owned 401,646 shares of the business service provider after selling 103,258 of his shares during the period. Nuveen Asset Management LLC owned approximately 0.61% of his ABM Industries worth $15,355,000 at the end of the most recent quarter.
Several other large investors have also increased or decreased their stakes in ABM recently. Pinebridge Investments LP increased his ABM Industries position by 487.0% in the second quarter. Pinebridge Investments LP owns 587 shares of the business services provider worth $25,000 after purchasing an additional 487 shares during this period. CM Bidwell & Associates Ltd. acquired a new stake in ABM Industries for his $38,000 in the second quarter. Wipfli Financial Advisors LLC acquired a new stake in his ABM Industries for his $38,000 in the third quarter. Private Trust Co. NA acquired a new stake in his ABM Industries worth $43,000 in the third quarter. Finally, Assetmark Inc. increased his stake in ABM Industries by 37.6% during the third quarter. Assetmark Inc. now owns 1,309 shares of the business services provider worth $50,000 after purchasing an additional 358 shares of him last quarter. An institutional investor owns his 92.15% of the company’s shares.
Insider activity at ABM Industries
In related news, CAO Dean A. Chin sold 2,815 shares in the company in a transaction on Monday, February 13th. The shares sold at an average price of $47.86, giving him a total of $134,725.90. Following the sale, the Chief Accounting Officer now directly owns 19,735 shares of the Company’s stock valued at $944,517.10. The transaction was disclosed in legal filings with the Securities and Exchange Commission which can be accessed at this link. In separate news, CAO Dean A. Chin said he sold 2,520 shares of ABM Industries stock in a deal on Wednesday, Jan. 11. The shares were sold at an average price of $45.92 and the total transaction value he was $115,718.40. Following the sale, the Chief Accounting Officer now directly owns 22,533 shares of the Company’s stock valued at $1,034,715.36. The sale is disclosed in legal documents to the Securities and Exchange Commission, which can be accessed on his website at the SEC. Also, CAO Dean A. Chin said he sold 2,815 shares of ABM Industries in a deal on Monday, February 13th. The shares sold at an average price of $47.86, giving him a total of $134,725.90. After the sale, the Chief Accounting Officer now directly owns 19,735 shares of the company’s stock, worth $944,517.10 to him. Please see here for the disclosure of this sale. His 0.85% of shares are now owned by insiders.
ABM Industries stock performance
ABM opened at $48.82 on Monday. The company has a market capitalization of $3.23 billion, a P/E of 14.32 and a beta of 1.12. ABM Industries Incorporated has a 52-week low of $37.68 and a 52-week high of $54.00. The company has a debt to equity ratio of 0.63, a quick ratio of 1.15 and a current ratio of 1.15. The business has a 50-day moving average of $46.67 and a 200-day moving average of $44.77.
ABM Industries (NYSE:ABM – Get Rating) last reported earnings on Tuesday, Dec. 13. The business services provider reported his earnings per share (EPS) of $0.89 for the quarter, hitting consensus expectations of $0.89. The company’s earnings for the quarter he had $2.01 billion, while analyst estimates put him at $1.98 billion. ABM Industries had a return on equity of 14.72% and a net profit margin of 2.95%. Sell-side analysts expect ABM Industries Incorporated to record 3.51 EPS for the current financial year.
ABM Industries company profile
ABM Industries, Inc is committed to providing facilities, infrastructure and mobility solutions. It operates through the Business & Industrial, Manufacturing & Distribution, Education, Aviation and Technology Solutions segments. The Business and Industrial segment includes cleaning, facility engineering, and parking services for commercial real estate, sports and entertainment facilities, traditional hospitals and non-acute care facilities.
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