Dean A. Chin Sells 632 Shares of ABM Industries Incorporated (ABM) Stock

ABM Industries Incorporated (NYSE:ABM) SVP Dean A. Chin sold 632 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $44.95, for a total value of $28,408.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

ABM Industries Incorporated (ABM) traded down 0.96% during trading on Friday, reaching $43.26. 240,363 shares of the company’s stock traded hands. ABM Industries Incorporated has a 12 month low of $37.60 and a 12 month high of $45.12. The firm has a 50 day moving average price of $43.07 and a 200-day moving average price of $42.38. The firm has a market cap of $2.41 billion, a PE ratio of 192.27 and a beta of 0.80.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Wednesday, June 7th. The business services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. ABM Industries had a net margin of 0.25% and a return on equity of 11.44%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. On average, analysts forecast that ABM Industries Incorporated will post $1.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Thursday, July 6th were given a $0.17 dividend. The ex-dividend date was Monday, July 3rd. This represents a $0.68 annualized dividend and a yield of 1.57%. ABM Industries’s dividend payout ratio is currently 283.33%.

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A number of large investors have recently modified their holdings of ABM. Russell Investments Group Ltd. acquired a new stake in shares of ABM Industries during the fourth quarter valued at approximately $441,000. Teachers Advisors LLC boosted its stake in shares of 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. Bank of Montreal Can boosted its stake in shares of ABM Industries by 14.0% in the first quarter. Bank of Montreal Can now owns 7,576 shares of the business services provider’s stock valued at $331,000 after buying an additional 931 shares during the period. Alpha Windward LLC acquired a new stake in shares of ABM Industries during the first quarter valued at approximately $518,000. Finally, Parametrica Management Ltd acquired a new stake in shares of ABM Industries during the first quarter valued at approximately $475,000. 93.28% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on ABM shares. BidaskClub upgraded ABM Industries from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Monday, July 17th. Robert W. Baird set a $50.00 price objective on ABM Industries and gave the stock a “buy” rating in a report on Wednesday, May 31st. Finally, Sidoti upgraded ABM Industries from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $55.00 in a report on Thursday, July 13th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average 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.

Insider Buying and Selling by Quarter for ABM Industries (NYSE:ABM)

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