ABM Industries Incorporated (NYSE:ABM) CAO Dean A. Chin Sells 2,042 Shares

ABM Industries Incorporated (NYSE:ABM) CAO Dean A. Chin sold 2,042 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $50.70, for a total value of $103,529.40. Following the transaction, the chief accounting officer now directly owns 18,493 shares of the company’s stock, valued at approximately $937,595.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ABM Industries Trading Up 1.4 %

Shares of ABM opened at $51.28 on Monday. ABM Industries Incorporated has a 12-month low of $37.61 and a 12-month high of $53.05. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 13.42 and a beta of 1.16. The stock’s 50-day moving average price is $48.62 and its 200 day moving average price is $44.75.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Thursday, June 6th. The business services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.08. ABM Industries had a return on equity of 12.52% and a net margin of 3.04%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company posted $0.90 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. As a group, research analysts predict that ABM Industries Incorporated will post 3.47 earnings per share for the current year.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 5th will be paid a $0.225 dividend. The ex-dividend date is Friday, July 5th. This represents a $0.90 annualized dividend and a dividend yield of 1.76%. ABM Industries’s dividend payout ratio is currently 23.56%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group boosted their price objective on ABM Industries from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. StockNews.com upgraded ABM Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th. Finally, Robert W. Baird boosted their price target on ABM Industries from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, June 10th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, ABM Industries currently has an average rating of “Hold” and an average price target of $48.80.

Institutional Investors Weigh In On ABM Industries

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of ABM Industries by 37.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,001 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 273 shares during the period. Daiwa Securities Group Inc. grew its position in ABM Industries by 8.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,381 shares of the business services provider’s stock worth $241,000 after acquiring an additional 439 shares during the last quarter. Adirondack Trust Co. grew its position in ABM Industries by 250.0% during the 2nd quarter. Adirondack Trust Co. now owns 700 shares of the business services provider’s stock worth $35,000 after acquiring an additional 500 shares during the last quarter. SRS Capital Advisors Inc. grew its position in ABM Industries by 323.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 669 shares of the business services provider’s stock worth $30,000 after acquiring an additional 511 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in ABM Industries by 2.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,136 shares of the business services provider’s stock worth $1,351,000 after acquiring an additional 627 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors.

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.