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%.
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.
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