ABM Industries Incorporated (NYSE:ABM) CAO Sells $176,011.41 in Stock

ABM Industries Incorporated (NYSE:ABMGet Rating) CAO Dean A. Chin sold 3,657 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $48.13, for a total transaction of $176,011.41. Following the sale, the chief accounting officer now owns 26,052 shares in the company, valued at $1,253,882.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NYSE ABM opened at $48.45 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.59. ABM Industries Incorporated has a 12-month low of $38.44 and a 12-month high of $54.00. The company has a market capitalization of $3.24 billion, a PE ratio of 25.91 and a beta of 1.10. The firm’s 50 day moving average is $46.95 and its 200-day moving average is $44.94.

ABM Industries (NYSE:ABMGet Rating) last released its earnings results on Tuesday, March 8th. The business services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.15. ABM Industries had a net margin of 1.91% and a return on equity of 14.86%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business earned $1.01 earnings per share. The firm’s revenue was up 29.7% on a year-over-year basis. As a group, sell-side analysts expect that ABM Industries Incorporated will post 3.6 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Thursday, April 7th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, April 6th. This represents a $0.78 annualized dividend and a dividend yield of 1.61%. ABM Industries’s dividend payout ratio is presently 41.71%.

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of ABM Industries by 247.6% in the third quarter. Barclays PLC now owns 318,092 shares of the business services provider’s stock valued at $14,317,000 after buying an additional 226,582 shares in the last quarter. American Century Companies Inc. grew its stake in shares of ABM Industries by 358.1% in the third quarter. American Century Companies Inc. now owns 255,956 shares of the business services provider’s stock valued at $11,521,000 after buying an additional 200,082 shares in the last quarter. Versor Investments LP grew its stake in shares of ABM Industries by 18.4% in the fourth quarter. Versor Investments LP now owns 7,444 shares of the business services provider’s stock valued at $304,000 after buying an additional 1,155 shares in the last quarter. Invesco Ltd. grew its stake in shares of ABM Industries by 52.2% in the third quarter. Invesco Ltd. now owns 435,769 shares of the business services provider’s stock valued at $19,614,000 after buying an additional 149,487 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its position in ABM Industries by 0.7% during the fourth quarter. Copeland Capital Management LLC now owns 1,050,726 shares of the business services provider’s stock worth $42,922,000 after purchasing an additional 7,598 shares during the period. 94.65% of the stock is owned by institutional investors and hedge funds.

ABM has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of ABM Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a report on Friday, March 11th. StockNews.com downgraded shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of ABM Industries from $62.00 to $65.00 in a report on Wednesday, April 20th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, ABM Industries presently has an average rating of “Buy” and an average price target of $57.67.

About ABM Industries (Get Rating)

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Technology & Manufacturing, Education, Aviation, and Technical Solutions segments. It provides janitorial, facilities engineering, parking, custodial, landscaping and ground, and mechanical and electrical services; and vehicle maintenance and other services to rental car providers.

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

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