ABM Industries CEO Sells $411,357 in Stock (ABM)
ABM Industries (NYSE:ABM) CEO Henrik C. Slipsager unloaded 14,797 shares of ABM Industries stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $27.80, for a total value of $411,356.60. Following the completion of the transaction, the chief executive officer now directly owns 225,699 shares in the company, valued at approximately $6,274,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 (NYSE:ABM) traded down 0.25% on Wednesday, hitting $27.829. 111,073 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 has a 50-day moving average of $27.96 and a 200-day moving average of $26.73. The company has a market cap of $1.545 billion and a P/E ratio of 21.46.
ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Monday, December 9th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that ABM Industries will post $1.64 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 2.22%. 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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