ABM Industries Incorporated (NYSE:ABM) insider James P. Mcclure sold 1,963 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $44.44, for a total value of $87,235.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
James P. Mcclure also recently made the following trade(s):
- On Thursday, July 6th, James P. Mcclure sold 1,970 shares of ABM Industries stock. The shares were sold at an average price of $40.87, for a total value of $80,513.90.
- On Thursday, June 8th, James P. Mcclure sold 1,970 shares of ABM Industries stock. The shares were sold at an average price of $44.01, for a total value of $86,699.70.
- On Thursday, May 11th, James P. Mcclure sold 1,970 shares of ABM Industries stock. The shares were sold at an average price of $42.74, for a total value of $84,197.80.
Shares of ABM Industries Incorporated (NYSE:ABM) traded up 0.02% during midday trading on Friday, hitting $44.76. The stock had a trading volume of 323,121 shares. The firm has a 50-day moving average price of $42.41 and a 200-day moving average price of $42.17. ABM Industries Incorporated has a 1-year low of $36.63 and a 1-year high of $45.03. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 198.93 and a beta of 0.80.
ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, June 7th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. ABM Industries had a return on equity of 11.44% and a net margin of 0.25%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company earned $0.31 earnings per share. ABM Industries’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that ABM Industries Incorporated will post $1.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Investors of record on Thursday, July 6th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, July 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.52%. ABM Industries’s dividend payout ratio is 283.33%.
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Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in ABM Industries by 15.6% in the first quarter. Macquarie Group Ltd. now owns 747,218 shares of the business services provider’s stock valued at $32,579,000 after buying an additional 100,979 shares during the period. Teachers Advisors LLC raised its position in ABM Industries by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 94,147 shares of the business services provider’s stock valued at $3,845,000 after buying an additional 7,191 shares during the period. Sawgrass Asset Management LLC bought a new position in ABM Industries during the first quarter valued at $281,000. Legal & General Group Plc raised its position in ABM Industries by 0.5% in the first quarter. Legal & General Group Plc now owns 133,692 shares of the business services provider’s stock valued at $5,828,000 after buying an additional 729 shares during the period. Finally, Gofen & Glossberg LLC IL bought a new position in ABM Industries during the first quarter valued at $209,000. Institutional investors and hedge funds own 93.27% of the company’s stock.
A number of research firms have issued reports on ABM. BidaskClub raised ABM Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Robert W. Baird reissued an “outperform” rating and set a $47.00 price target (down previously from $49.00) on shares of ABM Industries in a research report on Thursday, July 13th. Sidoti raised ABM Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $55.00 in a research report on Thursday, July 13th. Finally, Zacks Investment Research downgraded ABM Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $48.25.
About ABM Industries
ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.
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