ABM Industries Incorporated (NYSE:ABM) CAO Dean A. Chin Sells 4,281 Shares

ABM Industries Incorporated (NYSE:ABM) CAO Dean A. Chin sold 4,281 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total value of $224,153.16. Following the sale, the chief accounting officer now owns 18,681 shares in the company, valued at approximately $978,137.16. This trade represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

ABM Industries Stock Up 0.9 %

NYSE ABM traded up $0.49 during mid-day trading on Thursday, hitting $53.44. The company’s stock had a trading volume of 210,753 shares, compared to its average volume of 363,585. ABM Industries Incorporated has a twelve month low of $39.64 and a twelve month high of $59.78. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 42.08, a PEG ratio of 2.63 and a beta of 1.16. The company’s 50 day simple moving average is $54.33 and its 200 day simple moving average is $53.48. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the business earned $1.01 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts anticipate that ABM Industries Incorporated will post 3.71 earnings per share for the current year.

ABM Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a dividend yield of 1.98%. ABM Industries’s dividend payout ratio (DPR) is currently 83.47%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ABM. Capital Performance Advisors LLP purchased a new stake in shares of ABM Industries during the third quarter worth $30,000. BOKF NA purchased a new stake in shares of ABM Industries in the second quarter worth about $30,000. Copeland Capital Management LLC purchased a new position in ABM Industries during the third quarter valued at approximately $37,000. GAMMA Investing LLC grew its position in shares of ABM Industries by 58.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,590 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 589 shares in the last quarter. Finally, Quarry LP raised its position in shares of ABM Industries by 49.7% in the third quarter. Quarry LP now owns 2,171 shares of the business services provider’s stock worth $115,000 after buying an additional 721 shares in the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group lifted their target price on ABM Industries from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th.

ABM Industries Company Profile

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.