Shares of ABM Industries, Inc. (NYSE:ABM) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $40.46.

A number of brokerages have recently issued reports on ABM. Maxim Group began coverage on ABM Industries in a research note on Thursday, February 14th. They set a “buy” rating and a $45.00 price objective on the stock. Robert W. Baird set a $37.00 price objective on shares of ABM Industries and gave the stock a “hold” rating in a report on Thursday, March 7th. Zacks Investment Research upgraded shares of ABM Industries from a “sell” rating to a “hold” rating in a report on Monday, February 18th. Finally, KeyCorp started coverage on shares of ABM Industries in a report on Friday, April 5th. They issued a “sector weight” rating and a $36.83 price objective for the company.

In other news, CFO Diego Anthony Scaglione sold 2,856 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $37.31, for a total transaction of $106,557.36. Following the completion of the sale, the chief financial officer now owns 62,043 shares of the company’s stock, valued at approximately $2,314,824.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Dean A. Chin sold 8,758 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $37.53, for a total transaction of $328,687.74. Following the sale, the chief accounting officer now directly owns 28,644 shares of the company’s stock, valued at approximately $1,075,009.32. The disclosure for this sale can be found here. Insiders have sold 29,728 shares of company stock valued at $1,110,234 in the last three months. 0.94% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM Advisors LLC acquired a new stake in shares of ABM Industries during the first quarter valued at about $202,000. HighTower Advisors LLC increased its position in shares of ABM Industries by 299.8% during the first quarter. HighTower Advisors LLC now owns 88,832 shares of the business services provider’s stock valued at $3,218,000 after acquiring an additional 66,614 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of ABM Industries by 129.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,501 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 1,413 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of ABM Industries during the first quarter valued at about $422,000. Finally, SEI Investments Co increased its position in shares of ABM Industries by 366.5% during the first quarter. SEI Investments Co now owns 40,579 shares of the business services provider’s stock valued at $1,465,000 after acquiring an additional 31,881 shares during the last quarter.

ABM traded down $0.48 during trading on Thursday, reaching $37.86. The stock had a trading volume of 181,404 shares, compared to its average volume of 263,091. The stock has a market cap of $2.51 billion, a PE ratio of 20.03 and a beta of 0.57. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. ABM Industries has a one year low of $25.64 and a one year high of $38.60.

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

The company also recently declared a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Thursday, April 4th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, April 3rd. ABM Industries’s dividend payout ratio (DPR) is currently 38.10%.

About ABM Industries

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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Analyst Recommendations for ABM Industries (NYSE:ABM)

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