ABM Industries, Inc. (NYSE:ABM) has been assigned an average recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $48.50.

Several equities analysts recently commented on the stock. TheStreet downgraded shares of ABM Industries from a “b” rating to a “c+” rating in a research note on Friday, December 29th. Zacks Investment Research upgraded shares of ABM Industries from a “strong sell” rating to a “hold” rating and set a $44.00 price target on the stock in a research note on Monday, January 22nd.

In related news, Director Linda Chavez sold 2,103 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $38.89, for a total value of $81,785.67. Following the transaction, the director now directly owns 16,557 shares in the company, valued at $643,901.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fusion Family Wealth LLC bought a new stake in ABM Industries during the fourth quarter worth about $158,000. Gofen & Glossberg LLC IL bought a new stake in ABM Industries during the third quarter worth about $200,000. Shelton Capital Management bought a new stake in ABM Industries during the second quarter worth about $229,000. Centiva Capital LP bought a new stake in ABM Industries during the fourth quarter worth about $239,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in ABM Industries during the second quarter worth about $277,000. 95.12% of the stock is owned by institutional investors and hedge funds.

ABM Industries (NYSE ABM) traded up $0.33 during trading hours on Thursday, hitting $34.88. 527,586 shares of the company’s stock traded hands, compared to its average volume of 496,305. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.63 and a current ratio of 1.63. ABM Industries has a 12-month low of $33.70 and a 12-month high of $45.12. The firm has a market capitalization of $2,286.77, a P/E ratio of 498.36 and a beta of 0.73.

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 the Thomson Reuters’ consensus estimate of $0.49 by ($0.12). ABM Industries had a net margin of 0.07% and a return on equity of 9.74%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the company posted $0.51 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. equities research analysts expect that ABM Industries will post 2.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Thursday, January 4th were paid a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, January 3rd. This is an increase from ABM Industries’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 2.01%. 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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