ABM Industries Incorporated (NYSE:ABM) EVP Sells $567,675.00 in Stock

ABM Industries Incorporated (NYSE:ABM) EVP Andrea R. Newborn sold 12,615 shares of ABM Industries stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $45.00, for a total value of $567,675.00. Following the sale, the executive vice president now directly owns 45,847 shares in the company, valued at approximately $2,063,115. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

ABM Industries Price Performance

ABM traded up $0.04 on Thursday, hitting $44.84. 299,788 shares of the company’s stock traded hands, compared to its average volume of 575,591. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 11.45 and a beta of 1.14. The company’s 50 day simple moving average is $43.21 and its 200-day simple moving average is $42.47. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.71. ABM Industries Incorporated has a one year low of $37.61 and a one year high of $53.05.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Thursday, March 7th. The business services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.01 billion. ABM Industries had a return on equity of 12.88% and a net margin of 3.15%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. As a group, research analysts anticipate that ABM Industries Incorporated will post 3.37 EPS for the current year.

ABM Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 2.01%. The ex-dividend date is Wednesday, April 3rd. ABM Industries’s dividend payout ratio is presently 23.02%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $45.20.

Hedge Funds Weigh In On ABM Industries

Several institutional investors have recently added to or reduced their stakes in ABM. Arizona State Retirement System boosted its holdings in shares of ABM Industries by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 18,833 shares of the business services provider’s stock worth $754,000 after purchasing an additional 265 shares during the period. Inspire Investing LLC boosted its holdings in shares of ABM Industries by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 7,692 shares of the business services provider’s stock worth $308,000 after purchasing an additional 286 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of ABM Industries by 4.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,811 shares of the business services provider’s stock worth $313,000 after purchasing an additional 334 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of ABM Industries by 8.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,381 shares of the business services provider’s stock worth $241,000 after purchasing an additional 439 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of ABM Industries by 323.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 669 shares of the business services provider’s stock worth $30,000 after purchasing an additional 511 shares during the period. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Company Profile

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.