ABM Industries, Inc. (NYSE:ABM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.12 and last traded at $38.11, with a volume of 7174 shares traded. The stock had previously closed at $37.50.

Several equities research analysts recently issued reports on ABM shares. KeyCorp initiated coverage on ABM Industries in a research note on Friday, April 5th. They issued a “sector weight” rating and a $36.83 price objective for the company. Zacks Investment Research upgraded ABM Industries from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Finally, Maxim Group initiated coverage on ABM Industries in a research note on Thursday, February 14th. They issued a “buy” rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.46.

The company has a market cap of $2.48 billion, a PE ratio of 20.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, March 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.61 billion. ABM Industries had a return on equity of 8.87% and a net margin of 1.28%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. As a group, equities analysts forecast that ABM Industries, Inc. will post 1.95 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Thursday, April 4th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.90%. ABM Industries’s dividend payout ratio (DPR) is presently 38.10%.

In other news, CFO Diego Anthony Scaglione sold 2,856 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $37.31, for a total transaction of $106,557.36. Following the completion of the transaction, the chief financial officer now owns 62,043 shares in the company, valued at approximately $2,314,824.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott J. Giacobbe sold 7,143 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $36.90, for a total value of $263,576.70. Following the transaction, the chief operating officer now owns 76,545 shares of the company’s stock, valued at approximately $2,824,510.50. The disclosure for this sale can be found here. Insiders sold a total of 12,856 shares of company stock valued at $473,872 in the last 90 days. Corporate insiders own 0.94% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in shares of ABM Industries by 1.4% during the 1st quarter. State of Alaska Department of Revenue now owns 22,315 shares of the business services provider’s stock worth $811,000 after acquiring an additional 310 shares during the period. Parkside Financial Bank & Trust lifted its holdings in ABM Industries by 47.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,017 shares of the business services provider’s stock worth $33,000 after purchasing an additional 328 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in ABM Industries by 3.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 15,676 shares of the business services provider’s stock worth $503,000 after purchasing an additional 501 shares in the last quarter. Palouse Capital Management Inc. lifted its holdings in ABM Industries by 5.8% during the 4th quarter. Palouse Capital Management Inc. now owns 9,293 shares of the business services provider’s stock worth $298,000 after purchasing an additional 507 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in ABM Industries by 164.7% during the 4th quarter. Captrust Financial Advisors now owns 863 shares of the business services provider’s stock worth $28,000 after purchasing an additional 537 shares in the last quarter.

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About ABM Industries (NYSE:ABM)

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. The company offers janitorial, electrical and lighting, energy, facilities engineering, HVAC and mechanical, landscape and turf, mission critical, and parking solutions.

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