ABM Industries SVP Sells $173,594 in Stock (ABM)
ABM Industries (NYSE:ABM) SVP David Farwell sold 6,106 shares of ABM Industries stock on the open market in a transaction dated Thursday, January 9th. The shares were sold at an average price of $28.43, for a total transaction of $173,593.58. Following the sale, the senior vice president now directly owns 33,445 shares of the company’s stock, valued at approximately $950,841. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on ABM. Analysts at Imperial Capital raised their price target on shares of ABM Industries from $26.00 to $29.50 in a research note to investors on Wednesday, December 18th. They now have an “in-line” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries in a research note to investors on Monday, December 16th. They now have a $29.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries in a research note to investors on Monday, December 2nd. They now have a $29.00 price target on the stock.
Shares of ABM Industries (NYSE:ABM) traded down 0.14% on Friday, hitting $28.41. The stock had a trading volume of 155,588 shares. ABM Industries has a 52-week low of $20.09 and a 52-week high of $29.20. The stock has a 50-day moving average of $27.94 and a 200-day moving average of $26.61. The company has a market cap of $1.577 billion and a price-to-earnings ratio of 21.88.
ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Monday, December 9th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, analysts predict that ABM Industries will post $1.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of 0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Monday, December 30th. This is a positive change from ABM Industries’s previous quarterly dividend of $0.15.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
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