ABM Industries, Inc. (ABM) Given Average Recommendation of “Buy” by Brokerages

ABM Industries, Inc. (NYSE:ABM) has received an average recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $48.50.

A number of research analysts have commented on ABM shares. Zacks Investment Research raised ABM Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. TheStreet lowered ABM Industries from a “b” rating to a “c+” rating in a research report on Friday, December 29th.

In other ABM Industries news, Director Linda Chavez sold 2,103 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $38.89, for a total transaction of $81,785.67. Following the transaction, the director now owns 16,557 shares in the company, valued at approximately $643,901.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of ABM. Lee Thomas H Partners LP purchased a new position in shares of ABM Industries during the 3rd quarter worth approximately $188,691,000. Vaughan Nelson Investment Management L.P. grew its holdings in shares of ABM Industries by 65.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,235,775 shares of the business services provider’s stock worth $51,544,000 after acquiring an additional 489,875 shares during the period. Dalton Greiner Hartman Maher & Co. grew its holdings in shares of ABM Industries by 62.7% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 798,509 shares of the business services provider’s stock worth $30,120,000 after acquiring an additional 307,846 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of ABM Industries by 1,354.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 301,971 shares of the business services provider’s stock worth $12,595,000 after acquiring an additional 281,216 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of ABM Industries during the 2nd quarter worth approximately $261,000. Hedge funds and other institutional investors own 95.12% of the company’s stock.

ABM Industries (NYSE:ABM) opened at $35.13 on Thursday. The company has a market capitalization of $2,290.38, a P/E ratio of 501.93 and a beta of 0.73. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.84. ABM Industries has a 52-week low of $33.70 and a 52-week high of $45.12.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Wednesday, December 13th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.12). The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. ABM Industries had a net margin of 0.07% and a return on equity of 9.74%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. equities research analysts forecast that ABM Industries will post 2.1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Thursday, January 4th were issued a dividend of $0.175 per share. This is an increase from ABM Industries’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.99%. ABM Industries’s dividend payout ratio is 1,000.14%.

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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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