ABM Industries Incorporated (NYSE:ABM) SVP Dean A. Chin sold 880 shares of ABM Industries stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $42.90, for a total value of $37,752.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Dean A. Chin also recently made the following trade(s):

  • On Tuesday, August 8th, Dean A. Chin sold 632 shares of ABM Industries stock. The stock was sold at an average price of $44.95, for a total value of $28,408.40.

ABM Industries Incorporated (NYSE:ABM) traded down 0.49% during trading on Thursday, reaching $42.80. The company had a trading volume of 351,418 shares. The stock has a market cap of $2.79 billion, a P/E ratio of 167.19 and a beta of 0.80. The firm has a 50-day moving average price of $41.92 and a 200 day moving average price of $42.59. ABM Industries Incorporated has a 12-month low of $37.12 and a 12-month high of $45.12.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. ABM Industries had a net margin of 0.29% and a return on equity of 11.37%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 EPS. Equities research analysts predict that ABM Industries Incorporated will post $1.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Thursday, October 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, October 4th. ABM Industries’s dividend payout ratio is currently 251.86%.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of ABM Industries by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 22,700 shares of the business services provider’s stock valued at $943,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its position in ABM Industries by 0.3% in the second quarter. Arizona State Retirement System now owns 29,038 shares of the business services provider’s stock worth $1,206,000 after purchasing an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in ABM Industries by 0.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 25,870 shares of the business services provider’s stock worth $1,127,000 after purchasing an additional 170 shares in the last quarter. Amalgamated Bank raised its position in ABM Industries by 2.6% in the second quarter. Amalgamated Bank now owns 7,743 shares of the business services provider’s stock worth $321,000 after purchasing an additional 196 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in ABM Industries by 4.9% in the first quarter. Victory Capital Management Inc. now owns 4,427 shares of the business services provider’s stock worth $193,000 after purchasing an additional 206 shares in the last quarter. 78.22% of the stock is owned by institutional investors and hedge funds.

ABM has been the topic of a number of analyst reports. Robert W. Baird set a $47.00 target price on ABM Industries and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research raised ABM Industries from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Monday, July 17th. BidaskClub raised ABM Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Sidoti raised ABM Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $55.00 in a research report on Thursday, July 13th. Finally, KeyCorp raised ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research report on Monday, September 11th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. ABM Industries currently has an average rating of “Buy” and a consensus price target of $48.20.

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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