Gemmer Asset Management buys $22,701,138 stake in ABM Industries (ABM)

ABM Industries (ABM) : Gemmer Asset Management scooped up 138,525 additional shares in ABM Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 605,041 shares of ABM Industries which is valued at $22,701,138.ABM Industries makes up approximately 11.98% of Gemmer Asset Management’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added ABM to its portfolio by purchasing 1,556 company shares during the most recent quarter which is valued at $57,945.Creative Planning boosted its stake in ABM in the latest quarter, The investment management firm added 510 additional shares and now holds a total of 14,310 shares of ABM Industries which is valued at $532,904.

ABM Industries closed down -0.03 points or -0.08% at $37.21 with 2,24,205 shares getting traded on Friday. Post opening the session at $37.23, the shares hit an intraday low of $36.95 and an intraday high of $37.37 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, ABM Industries reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jun 8, 2016. Analyst had a consensus of $0.27. The company had revenue of $1257.10 million for the quarter, compared to analysts expectations of $1246.98 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on ABM Industries. Company shares were Reiterated by Imperial Capital on Jun 23, 2016 to “In-line”, Firm has raised the Price Target to $ 38 from a previous price target of $33 .

ABM Industries Incorporated (ABM) is a provider of integrated facility solutions. The Company provides end-to-end integrated facilities management services to commercial governmental industrial institutional residential and retail client facilities in cities primarily throughout the United States. ABM’s capabilities include facility services energy solutions commercial cleaning maintenance and repair heating ventilation and air conditioning (HVAC) electrical landscaping parking and security through stand-alone or integrated solutions. The Company’s onsite businesses consist of Janitorial Facility Services Parking and Security segments. Its mobile and on-demand businesses consist of the Building & Energy Solutions segment and certain unconsolidated affiliates that provide facility solutions primarily to the U.S. Government which complement the other operations of the Building & Energy Solutions segment. The Company’s new segment Other is comprised of Air Serv.

Leave a Reply

ABM Industries - Is it time to Sell?

Top Brokerage Firms are advising their investors on ABM Industries. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.