ABM Industries Incorporated (NYSE:ABM) SVP Dean A. Chin sold 880 shares of ABM Industries stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $42.90, for a total value of $37,752.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dean A. Chin also recently made the following trade(s):

  • On Tuesday, August 8th, Dean A. Chin sold 632 shares of ABM Industries stock. The shares were sold at an average price of $44.95, for a total value of $28,408.40.

Shares of ABM Industries Incorporated (NYSE:ABM) traded down 0.42% on Friday, hitting $42.62. The company’s stock had a trading volume of 298,833 shares. The stock has a market capitalization of $2.78 billion, a P/E ratio of 166.48 and a beta of 0.80. ABM Industries Incorporated has a 52 week low of $37.12 and a 52 week high of $45.12. The stock’s 50 day moving average price is $41.87 and its 200 day moving average price is $42.58.

ABM Industries (NYSE:ABM) last posted its earnings results on Wednesday, September 6th. The business services provider reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. ABM Industries had a return on equity of 11.37% and a net margin of 0.29%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. On average, analysts forecast that ABM Industries Incorporated will post $1.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.60%. The ex-dividend date is Wednesday, October 4th. ABM Industries’s payout ratio is 251.86%.

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ABM has been the topic of a number of research analyst reports. Sidoti upgraded ABM Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $49.00 to $55.00 in a report on Thursday, July 13th. Robert W. Baird restated an “outperform” rating and set a $47.00 price objective (down previously from $49.00) on shares of ABM Industries in a research note on Thursday, July 13th. Zacks Investment Research upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Monday, July 17th. BidaskClub upgraded ABM Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, KeyCorp upgraded ABM Industries from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research note on Monday, September 11th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ABM Industries has a consensus rating of “Buy” and a consensus price target of $48.20.

A number of institutional investors have recently bought and sold shares of ABM. BlackRock Inc. increased its position in ABM Industries by 35,805.5% during the first quarter. BlackRock Inc. now owns 7,121,861 shares of the business services provider’s stock worth $310,513,000 after buying an additional 7,102,026 shares during the last quarter. State Street Corp increased its position in ABM Industries by 236.6% during the first quarter. State Street Corp now owns 4,414,087 shares of the business services provider’s stock worth $192,454,000 after buying an additional 3,102,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in ABM Industries during the second quarter worth $30,970,000. Systematic Financial Management LP increased its position in ABM Industries by 1,079.2% during the second quarter. Systematic Financial Management LP now owns 455,594 shares of the business services provider’s stock worth $18,916,000 after buying an additional 416,959 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in ABM Industries by 6.8% during the first quarter. Vanguard Group Inc. now owns 5,261,484 shares of the business services provider’s stock worth $229,401,000 after buying an additional 333,410 shares during the last quarter. 78.22% of the stock is currently owned by hedge funds and other institutional investors.

About ABM Industries

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.

Insider Buying and Selling by Quarter for ABM Industries (NYSE:ABM)

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