ABM Industries SVP Unloads $111,170 in Stock (ABM)
ABM Industries (NYSE:ABM) SVP David L. Farwell sold 3,986 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $27.89, for a total transaction of $111,169.54. Following the transaction, the senior vice president now directly owns 34,718 shares in the company, valued at approximately $968,285. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of ABM Industries (NYSE:ABM) traded down 0.25% during mid-day trading on Wednesday, hitting $27.829. The stock had a trading volume of 111,060 shares. ABM Industries has a 1-year low of $20.09 and a 1-year high of $29.20. The stock’s 50-day moving average is $27.96 and its 200-day moving average is $26.73. The company has a market cap of $1.545 billion and a price-to-earnings ratio of 21.46.
ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Monday, December 9th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. Analysts expect that ABM Industries will post $1.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be given a dividend of 0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from ABM Industries’s previous quarterly dividend of $0.15.
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.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
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