ABM Industries, Inc. (NYSE:ABM) EVP Rene Jacobsen sold 716 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $38.57, for a total value of $27,616.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Rene Jacobsen also recently made the following trade(s):
- On Monday, November 25th, Rene Jacobsen sold 1,600 shares of ABM Industries stock. The stock was sold at an average price of $38.00, for a total value of $60,800.00.
ABM opened at $38.42 on Friday. The stock has a market capitalization of $2.60 billion, a P/E ratio of 20.22 and a beta of 0.64. The stock has a 50-day moving average price of $38.96 and a 200-day moving average price of $37.81. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.48. ABM Industries, Inc. has a 12-month low of $31.81 and a 12-month high of $42.67.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 2nd were paid a dividend of $0.185 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.74 annualized dividend and a yield of 1.93%. This is a positive change from ABM Industries’s previous quarterly dividend of $0.18. ABM Industries’s payout ratio is presently 36.10%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of ABM Industries by 1.9% in the 2nd quarter. BlackRock Inc. now owns 9,999,502 shares of the business services provider’s stock worth $399,980,000 after purchasing an additional 184,023 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of ABM Industries by 3.1% during the third quarter. Nisa Investment Advisors LLC now owns 12,960 shares of the business services provider’s stock valued at $471,000 after buying an additional 390 shares during the last quarter. Strs Ohio boosted its position in shares of ABM Industries by 35.7% during the third quarter. Strs Ohio now owns 31,900 shares of the business services provider’s stock valued at $1,158,000 after buying an additional 8,400 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in ABM Industries by 181.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 112,500 shares of the business services provider’s stock worth $4,086,000 after buying an additional 72,500 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in ABM Industries by 6.3% in the 3rd quarter. Rhumbline Advisers now owns 217,229 shares of the business services provider’s stock worth $7,890,000 after buying an additional 12,900 shares in the last quarter. 98.15% of the stock is owned by institutional investors and hedge funds.
ABM has been the topic of a number of research analyst reports. ValuEngine upgraded ABM Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Robert W. Baird cut their price objective on ABM Industries from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, Maxim Group lowered their target price on shares of ABM Industries from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. ABM Industries presently has an average rating of “Hold” and a consensus price target of $37.94.
ABM Industries Company Profile
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. The company offers janitorial, electrical and lighting, energy, facilities engineering, HVAC and mechanical, landscape and turf, mission critical, and parking solutions.
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