ABM Industries Incorporated (NYSE:ABM) CEO Scott B. Salmirs sold 25,000 shares of the company’s stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $53.03, for a total value of $1,325,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
ABM Industries stock opened at $51.41 on Wednesday. The stock has a 50-day moving average price of $50.55 and a 200 day moving average price of $41.83. ABM Industries Incorporated has a 52 week low of $28.21 and a 52 week high of $55.48. The stock has a market cap of $3.45 billion, a PE ratio of -2,569.22 and a beta of 1.25. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.40.
ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Monday, March 8th. The business services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.40. ABM Industries had a net margin of 0.01% and a return on equity of 11.07%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities analysts predict that ABM Industries Incorporated will post 2.43 EPS for the current year.
Separately, TheStreet raised shares of ABM Industries from a “c+” rating to a “b” rating in a research note on Tuesday, March 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $43.20.
Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System lifted its holdings in ABM Industries by 0.6% in the third quarter. California State Teachers Retirement System now owns 105,510 shares of the business services provider’s stock worth $3,868,000 after acquiring an additional 643 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of ABM Industries in the 3rd quarter worth approximately $479,000. Strs Ohio lifted its stake in ABM Industries by 259.6% during the third quarter. Strs Ohio now owns 18,700 shares of the business services provider’s stock valued at $685,000 after purchasing an additional 13,500 shares during the last quarter. Pacer Advisors Inc. lifted its stake in ABM Industries by 40.0% during the fourth quarter. Pacer Advisors Inc. now owns 25,902 shares of the business services provider’s stock valued at $980,000 after purchasing an additional 7,401 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in ABM Industries by 9.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,530 shares of the business services provider’s stock worth $209,000 after buying an additional 500 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.
About ABM Industries
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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