ABM Industries, Inc. (NYSE:ABM) CFO Sells $131,024.25 in Stock

ABM Industries, Inc. (NYSE:ABM) CFO Dean A. Chin sold 3,717 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $35.25, for a total transaction of $131,024.25. Following the transaction, the chief financial officer now owns 30,900 shares of the company’s stock, valued at approximately $1,089,225. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of ABM stock opened at $35.20 on Friday. The firm has a 50 day moving average of $34.96 and a 200-day moving average of $33.48. ABM Industries, Inc. has a 52 week low of $19.79 and a 52 week high of $42.67. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.36 billion, a price-to-earnings ratio of -95.13 and a beta of 1.29.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Wednesday, June 17th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.31. ABM Industries had a negative net margin of 0.38% and a positive return on equity of 10.10%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $0.47 EPS. ABM Industries’s revenue was down 6.2% compared to the same quarter last year. Analysts anticipate that ABM Industries, Inc. will post 1.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 2.10%. The ex-dividend date is Wednesday, July 1st. ABM Industries’s payout ratio is currently 36.10%.

Several research analysts have issued reports on the stock. Sidoti lowered shares of ABM Industries from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a report on Wednesday, May 27th. Maxim Group lowered shares of ABM Industries from a “buy” rating to a “hold” rating and lowered their price target for the stock from $43.00 to $27.00 in a report on Wednesday, April 8th. CL King upgraded shares of ABM Industries from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Friday, June 19th. KeyCorp raised their price objective on shares of ABM Industries from $31.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, Robert W. Baird raised their price objective on shares of ABM Industries from $23.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, June 19th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $40.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in ABM Industries by 122.0% in the 1st quarter. Versant Capital Management Inc now owns 1,323 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 727 shares during the period. Advisor Group Holdings Inc. acquired a new stake in ABM Industries in the 1st quarter valued at $57,000. Parkside Financial Bank & Trust boosted its holdings in ABM Industries by 21.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,363 shares of the business services provider’s stock worth $58,000 after acquiring an additional 414 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in ABM Industries by 97.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,036 shares of the business services provider’s stock worth $59,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in ABM Industries by 21.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 2,890 shares of the business services provider’s stock worth $70,000 after acquiring an additional 508 shares during the last quarter. 95.34% of the stock is owned by institutional investors and hedge funds.

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.

Read More: Why do analysts give a neutral rating?

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

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