ABM Industries Incorporated (NYSE:ABM) CAO Dean A. Chin Sells 4,281 Shares of Stock

ABM Industries Incorporated (NYSE:ABM) CAO Dean A. Chin sold 4,281 shares of ABM Industries stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total transaction of $224,153.16. Following the transaction, the chief accounting officer now directly owns 18,681 shares of the company’s stock, valued at approximately $978,137.16. This trade represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

ABM Industries Price Performance

Shares of NYSE ABM opened at $53.44 on Friday. The business’s 50 day moving average is $54.26 and its 200-day moving average is $53.48. The firm has a market cap of $3.32 billion, a P/E ratio of 42.08, a price-to-earnings-growth ratio of 2.63 and a beta of 1.16. ABM Industries Incorporated has a 1-year low of $39.64 and a 1-year high of $59.78. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.08 billion. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 EPS. Equities research analysts predict that ABM Industries Incorporated will post 3.71 earnings per share for the current year.

ABM Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be issued a $0.265 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.06 dividend on an annualized basis and a yield of 1.98%. This is an increase from ABM Industries’s previous quarterly dividend of $0.23. ABM Industries’s payout ratio is currently 83.47%.

Wall Street Analyst Weigh In

Separately, UBS Group raised their target price on shares of ABM Industries from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BOKF NA bought a new stake in shares of ABM Industries in the second quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of ABM Industries during the 3rd quarter valued at $30,000. Copeland Capital Management LLC bought a new stake in shares of ABM Industries during the 3rd quarter valued at $37,000. GAMMA Investing LLC grew its holdings in shares of ABM Industries by 58.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,590 shares of the business services provider’s stock worth $84,000 after purchasing an additional 589 shares in the last quarter. Finally, Quarry LP increased its position in shares of ABM Industries by 49.7% in the third quarter. Quarry LP now owns 2,171 shares of the business services provider’s stock worth $115,000 after purchasing an additional 721 shares during the period. Institutional investors and hedge funds own 91.62% of the company’s stock.

About ABM Industries

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.