Today’s Shorts Alert: Today Abm Industries Incorporated (NYSE:ABM) Reported Increase in Shorted Shares

November 23, 2016 - By Marguerite Chambers   ·   0 Comments

Today's Shorts Alert: Today Abm Industries Incorporated (NYSE:ABM) Reported Increase in Shorted Shares

The stock of Abm Industries Incorporated (NYSE:ABM) registered an increase of 3.45% in short interest. ABM’s total short interest was 1.42M shares in November as published by FINRA. Its up 3.45% from 1.37M shares, reported previously. With 185,000 shares average volume, it will take short sellers 8 days to cover their ABM’s short positions. The short interest to Abm Industries Incorporated’s float is 2.69%. The stock increased 0.20% or $0.09 during the last trading session, hitting $44.42. ABM Industries, Inc. (NYSE:ABM) has risen 38.73% since April 21, 2016 and is uptrending. It has outperformed by 33.40% the S&P500.

ABM Industries Incorporated, formerly American Building Maintenance Industries, Inc., is a well-known provider of end-to-end integrated facility solutions. The company has a market cap of $2.50 billion. The Company’s divisions are Janitorial, Facility Services, Parking, Building & Energy Solutions, and Other. It has a 36.23 P/E ratio. The Company’s Janitorial segment provides a range of essential cleaning services, which include carpet cleaning and dusting, floor cleaning and finishing, window washing, and other building cleaning services.

Insitutional Activity: The institutional sentiment increased to 1.1 in 2016 Q2. Its up 0.28, from 0.82 in 2016Q1. The ratio improved, as 28 funds sold all ABM Industries, Inc. shares owned while 66 reduced positions. 17 funds bought stakes while 60 increased positions. They now own 48.24 million shares or 4.50% less from 50.51 million shares in 2016Q1.
Springbok Capital Mgmt Limited Liability Com has 0.01% invested in the company for 1,425 shares. Gsa Cap Partners Llp has 0.04% invested in the company for 18,285 shares. Richard C Young And last reported 0.45% of its portfolio in the stock. Engineers Gate Manager Lp holds 0.06% or 22,659 shares in its portfolio. The New York-based State Teachers Retirement has invested 0.01% in ABM Industries, Inc. (NYSE:ABM). Speece Thorson Cap Gp has invested 1.24% of its portfolio in ABM Industries, Inc. (NYSE:ABM). Parkside Bankshares And has invested 0.02% of its portfolio in ABM Industries, Inc. (NYSE:ABM). Invesco owns 432,969 shares or 0.01% of their US portfolio. Strs Ohio reported 33,500 shares or 0.01% of all its holdings. State Of New Jersey Common Pension Fund D has invested 0.02% of its portfolio in ABM Industries, Inc. (NYSE:ABM). Quantbot Technology Ltd Partnership owns 3,486 shares or 0.01% of their US portfolio. Geode Ltd Liability Co accumulated 381,870 shares or 0.01% of the stock. State Of Tennessee Treasury Department has 82,684 shares for 0.02% of their US portfolio. Blackrock holds 0% or 17,699 shares in its portfolio. Teacher Retirement Systems Of Texas accumulated 7,498 shares or 0% of the stock.

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 12 selling transactions for $2.91 million net activity. 13,700 shares were sold by GIACOBBE SCOTT J, worth $538,822 on Tuesday, September 6. Ferguson Phil also sold $256,340 worth of ABM Industries, Inc. (NYSE:ABM) on Wednesday, June 15. $32,327 worth of ABM Industries, Inc. (NYSE:ABM) shares were sold by CHIN DEAN A. Another trade for 10,400 shares valued at $385,122 was made by McConnell Sarah H on Monday, June 13. The insider HERRINGER MARYELLEN C sold $68,283. SCAGLIONE DIEGO ANTHONY also sold $29,750 worth of ABM Industries, Inc. (NYSE:ABM) shares. The insider Marano Thomas J sold 25,725 shares worth $949,514.

ABM Industries, Inc. (NYSE:ABM) Ratings Coverage

Out of 3 analysts covering ABM Industries (NYSE:ABM), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. ABM Industries has been the topic of 4 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The firm has “In-Line” rating given on Thursday, June 23 by Imperial Capital. The company was downgraded on Wednesday, November 16 by Sidoti. The firm has “Sector Weight” rating given on Thursday, October 29 by KeyBanc Capital Markets. Zacks downgraded ABM Industries, Inc. (NYSE:ABM) on Monday, August 31 to “Buy” rating.

ABM Company Profile

ABM Industries Incorporated (ABM), incorporated on March 19, 1985, is a well-known provider of integrated facility solutions. The Firm 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 divisions. The Company’s mobile and on-demand businesses consist of the Building & Energy Solutions reportable segment, and certain unconsolidated affiliates that provide facility solutions, primarily to the U.S. Government, which complement the other activities of the Building & Energy Solutions segment. The Company’s new segment, Other, is comprised of Air Serv.

More news for ABM Industries, Inc. (NYSE:ABM) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on August 04, 2009. Quotes.Wsj.com‘s article titled: “News ABM Industries Inc.ABM” and published on February 12, 2011 is yet another important article.

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By Marguerite Chambers


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