ABM Industries Incorporated (NYSE:ABM) Receives Average Recommendation of “Hold” from Analysts

Shares of ABM Industries Incorporated (NYSE:ABM) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $45.20.

Separately, StockNews.com lowered ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd.

Insider Buying and Selling

In other ABM Industries news, CAO Dean A. Chin sold 5,465 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $44.89, for a total value of $245,323.85. Following the completion of the transaction, the chief accounting officer now owns 19,972 shares in the company, valued at $896,543.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Rene Jacobsen sold 5,563 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $43.59, for a total value of $242,491.17. Following the sale, the chief operating officer now owns 111,677 shares of the company’s stock, valued at $4,868,000.43. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Dean A. Chin sold 5,465 shares of ABM Industries stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $44.89, for a total transaction of $245,323.85. Following the completion of the transaction, the chief accounting officer now owns 19,972 shares of the company’s stock, valued at approximately $896,543.08. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Institutional Trading of ABM Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new position in shares of ABM Industries during the fourth quarter worth about $25,000. SRS Capital Advisors Inc. lifted its holdings in shares of ABM Industries by 323.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 669 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 511 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of ABM Industries in the 4th quarter valued at about $48,000. Clarity Asset Management Inc. purchased a new position in ABM Industries during the 4th quarter worth approximately $54,000. Finally, Quest Partners LLC acquired a new position in ABM Industries during the fourth quarter worth approximately $58,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

ABM Industries Stock Performance

NYSE ABM opened at $44.46 on Tuesday. The stock has a market cap of $2.81 billion, a PE ratio of 11.37 and a beta of 1.16. ABM Industries has a twelve month low of $37.61 and a twelve month high of $53.05. The stock has a fifty day simple moving average of $42.67 and a 200-day simple moving average of $42.40. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.71.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Thursday, March 7th. The business services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. ABM Industries had a net margin of 3.15% and a return on equity of 12.88%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business earned $0.79 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts anticipate that ABM Industries will post 3.37 earnings per share for the current year.

ABM Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, April 4th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, April 3rd. ABM Industries’s dividend payout ratio (DPR) is currently 23.02%.

About ABM Industries

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.