ABM Industries, Inc. (NYSE:ABM) insider James P. Mcclure sold 1,970 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $42.74, for a total transaction of $84,197.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
James P. Mcclure also recently made the following trade(s):
Shares of ABM Industries, Inc. (NYSE:ABM) traded down 0.75% during midday trading on Friday, reaching $42.18. 47,301 shares of the company traded hands. The stock’s market capitalization is $2.35 billion. The company’s 50 day moving average is $42.97 and its 200-day moving average is $41.65. ABM Industries, Inc. has a 12 month low of $32.29 and a 12 month high of $45.03.
ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Tuesday, March 7th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. ABM Industries had a net margin of 1.11% and a return on equity of 10.00%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Equities research analysts forecast that ABM Industries, Inc. will post $1.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Thursday, April 6th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.60%. ABM Industries’s dividend payout ratio is currently 67.33%.
Several hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in ABM Industries by 65.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,400 shares of the business services provider’s stock worth $105,000 after buying an additional 946 shares during the last quarter. Elkfork Partners LLC bought a new stake in ABM Industries during the fourth quarter worth $110,000. Meadow Creek Investment Management LLC increased its stake in ABM Industries by 2.5% in the first quarter. Meadow Creek Investment Management LLC now owns 3,500 shares of the business services provider’s stock worth $153,000 after buying an additional 84 shares during the last quarter. Fusion Family Wealth LLC bought a new stake in ABM Industries during the fourth quarter worth $167,000. Finally, PNC Financial Services Group Inc. increased its stake in ABM Industries by 6.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,839 shares of the business services provider’s stock worth $167,000 after buying an additional 236 shares during the last quarter. Institutional investors own 89.88% of the company’s stock.
ABM has been the topic of several recent research reports. Zacks Investment Research raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Friday, March 10th. Robert W. Baird raised shares of ABM Industries from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $46.00 to $50.00 in a research note on Thursday, March 9th.
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.