Insider Selling: Luke Helms Sells 10,000 Shares of ABM Industries Stock (ABM)
ABM Industries (NYSE:ABM) Director Luke Helms sold 10,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $25.66, for a total value of $256,600.00. Following the transaction, the director now directly owns 67,623 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on ABM shares. Analysts at Imperial Capital raised their price target on shares of ABM Industries (NYSE:ABM) from $24.50 to $26.00 in a research note to investors on Friday, September 6th. They now have an “in-line” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries (NYSE:ABM) in a research note to investors on Wednesday, September 4th. They now have a $26.00 price target on the stock.
Shares of ABM Industries (NYSE:ABM) traded up 0.16% during mid-day trading on Friday, hitting $25.70. The stock had a trading volume of 102,430 shares. ABM Industries has a 52-week low of $17.95 and a 52-week high of $26.70. The stock’s 50-day moving average is $25.53 and its 200-day moving average is $23.73. The company has a market cap of $1.412 billion and a P/E ratio of 18.78.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 4th. Investors of record on Thursday, October 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, October 1st.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
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