Insider Selling: ABM Industries CFO Sells 1,445 Shares of Stock (ABM)
ABM Industries (NYSE:ABM) CFO James S. Lusk unloaded 1,445 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $27.23, for a total transaction of $39,347.35. Following the completion of the transaction, the chief financial officer now directly owns 57,822 shares in the company, valued at approximately $1,574,493. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ABM. Analysts at Zacks reiterated a “neutral” rating on shares of ABM Industries in a research note on Thursday, June 5th. They now have a $28.00 price target on the stock. Analysts at Imperial Capital cut their price target on shares of ABM Industries from $29.50 to $29.00 in a research note on Thursday, June 5th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $29.25.
ABM Industries (NYSE:ABM) traded up 1.30% during mid-day trading on Thursday, hitting $27.20. The stock had a trading volume of 40,046 shares. ABM Industries has a 52 week low of $24.11 and a 52 week high of $29.50. The stock’s 50-day moving average is $26.75 and its 200-day moving average is $27.52. The company has a market cap of $1.523 billion and a price-to-earnings ratio of 22.23.
ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.07. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that ABM Industries will post $1.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, July 1st.
ABM Industries Incorporated (NYSE:ABM) is a provider of integrated facility solutions.
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