ABM Industries Incorporated (NYSE:ABM) Insider Sells $80,513.90 in Stock
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%.
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.
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