Insider Selling: ABM Industries Director Sells 10,000 Shares of Stock (ABM)
ABM Industries (NYSE:ABM) Director Linda Chavez unloaded 10,000 shares of ABM Industries stock on the open market in a transaction dated Thursday, January 9th. The stock was sold at an average price of $28.42, for a total transaction of $284,200.00. Following the completion of the sale, the director now directly owns 13,895 shares in the company, valued at approximately $394,896. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of ABM Industries (NYSE:ABM) traded down 0.21% during mid-day trading on Friday, hitting $28.39. 281,541 shares of the company’s stock traded hands. ABM Industries has a 52-week low of $20.09 and a 52-week high of $29.20. The stock’s 50-day moving average is $27.94 and its 200-day moving average is $26.61. The company has a market cap of $1.576 billion and a price-to-earnings ratio of 21.88.
ABM Industries (NYSE:ABM) last issued its quarterly earnings data 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. Stockholders 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 boost from ABM Industries’s previous quarterly dividend of $0.15.
A number of analysts have recently weighed in on ABM shares. 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.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
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