ABM Industries Incorporated (NYSE:ABM) insider James P. Mcclure sold 1,970 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $40.87, for a total value of $80,513.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

James P. Mcclure also recently made the following trade(s):

  • On Thursday, June 8th, James P. Mcclure sold 1,970 shares of ABM Industries stock. The stock was sold at an average price of $44.01, for a total value of $86,699.70.
  • On Thursday, May 11th, James P. Mcclure sold 1,970 shares of ABM Industries stock. The stock was sold at an average price of $42.74, for a total value of $84,197.80.
  • On Thursday, April 13th, James P. Mcclure sold 1,970 shares of ABM Industries stock. The stock was sold at an average price of $42.33, for a total value of $83,390.10.

Shares of ABM Industries Incorporated (ABM) traded down 1.53% during mid-day trading on Thursday, hitting $40.54. The stock had a trading volume of 312,354 shares. The company has a market cap of $2.26 billion, a PE ratio of 180.18 and a beta of 0.78. The firm’s 50 day moving average price is $42.14 and its 200-day moving average price is $41.77. ABM Industries Incorporated has a one year low of $35.96 and a one year high of $45.03.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Wednesday, June 7th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. ABM Industries had a net margin of 0.25% and a return on equity of 11.44%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that ABM Industries Incorporated will post $1.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 7th. Shareholders of record on Thursday, July 6th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Monday, July 3rd. ABM Industries’s dividend payout ratio (DPR) is 283.33%.

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A number of research analysts have commented on the company. Robert W. Baird upgraded ABM Industries from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $46.00 to $50.00 in a research note on Thursday, March 9th. Zacks Investment Research cut ABM Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th.

A number of large investors have recently added to or reduced their stakes in ABM. Russell Investments Group Ltd. bought a new position in shares of ABM Industries during the fourth quarter worth approximately $441,000. State Street Corp raised its position in shares of ABM Industries by 10.0% in the fourth quarter. State Street Corp now owns 1,311,287 shares of the business services provider’s stock worth $53,552,000 after buying an additional 119,019 shares in the last quarter. FMR LLC bought a new position in shares of ABM Industries during the fourth quarter worth approximately $19,696,000. Marshall Wace LLP bought a new position in shares of ABM Industries during the fourth quarter worth approximately $831,000. Finally, Allianz Asset Management AG bought a new position in shares of ABM Industries during the fourth quarter worth approximately $2,215,000. Institutional investors own 91.55% of the company’s stock.

ABM Industries Company Profile

ABM Industries Incorporated is a provider of integrated facility solutions. The Company operates through five segments: Janitorial, Facility Services, Parking, Building & Energy Solutions, and other. Its Janitorial segment provides a range of cleaning services for commercial office buildings, data centers, educational institutions, government buildings, health facilities, industrial buildings, retail stores, sport event facilities and transportation hubs.

Insider Buying and Selling by Quarter for ABM Industries (NYSE:ABM)

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