ABM Industries Incorporated (NYSE:ABM – Get 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:ABM – Get 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.
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.
- Get a free copy of the StockNews.com research report on ABM Industries (ABM)
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