Gemmer Asset Management Lowers stake in ABM Industries (ABM)

ABM Industries (ABM) : Gemmer Asset Management reduced its stake in ABM Industries by 0.01% during the most recent quarter end. The investment management company now holds a total of 604,988 shares of ABM Industries which is valued at $22,880,646 after selling 53 shares in ABM Industries , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.ABM Industries makes up approximately 11.91% of Gemmer Asset Management’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc sold out all of its stake in ABM during the most recent quarter. The investment firm sold 121 shares of ABM which is valued $4,576.Fox Run Management L.l.c. reduced its stake in ABM by selling 300 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 7,600 shares of ABM which is valued at $290,396. ABM Industries makes up approx 0.17% of Fox Run Management L.l.c.’s portfolio.Capstone Asset Management Co reduced its stake in ABM by selling 80 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 23,380 shares of ABM which is valued at $893,350. ABM Industries makes up approx 0.03% of Capstone Asset Management Co’s portfolio. Cutler Group Lp sold out all of its stake in ABM during the most recent quarter. The investment firm sold 1,556 shares of ABM which is valued $60,373.Bnp Paribas Arbitrage Sa reduced its stake in ABM by selling 8,976 shares or 47.17% in the most recent quarter. The Hedge Fund company now holds 10,055 shares of ABM which is valued at $393,151.

ABM Industries closed down -0.26 points or -0.68% at $37.82 with 2,02,068 shares getting traded on Friday. Post opening the session at $38.08, the shares hit an intraday low of $37.79 and an intraday high of $38.47 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 $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Sep 7, 2016. Analyst had a consensus of $0.40. The company had revenue of $1296.90 million for the quarter, compared to analysts expectations of $1307.62 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.47 EPS.

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.

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