Wealthcare Capital Management Exits Position in ABM Industries (ABM)

ABM Industries (ABM) : Wealthcare Capital Management has sold out all of its stake in ABM Industries during the most recent quarter, according to the disclosure filed by the company on Oct 13, 2016 with the SEC. The investment management company has sold out 170 shares of ABM Industries which is valued at $6,474.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in ABM by selling 30 shares or 85.71% in the most recent quarter. The Hedge Fund company now holds 5 shares of ABM which is valued at $190.Legal General Group Plc boosted its stake in ABM in the latest quarter, The investment management firm added 38,762 additional shares and now holds a total of 90,541 shares of ABM Industries which is valued at $3,459,572.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.Creative Planning boosted its stake in ABM in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 14,320 shares of ABM Industries which is valued at $547,167. 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.

ABM Industries closed down -0.59 points or -1.52% at $38.21 with 2,20,967 shares getting traded on Tuesday. Post opening the session at $38.84, the shares hit an intraday low of $38.07 and an intraday high of $38.84 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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