Dean A. Chin Sells 4,281 Shares of ABM Industries Incorporated (NYSE:ABM) Stock

ABM Industries Incorporated (NYSE:ABM) CAO Dean A. Chin sold 4,281 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total value of $224,153.16. Following the completion of the sale, the chief accounting officer now owns 18,681 shares in the company, valued at $978,137.16. The trade was a 18.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ABM Industries Stock Down 0.4 %

Shares of ABM opened at $53.14 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.31 billion, a P/E ratio of 41.84, a PEG ratio of 2.63 and a beta of 1.16. The stock’s 50 day moving average is $54.17 and its two-hundred day moving average is $53.52. ABM Industries Incorporated has a 12 month low of $39.64 and a 12 month high of $59.78.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Wednesday, December 18th. The business services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.08 billion. ABM Industries had a net margin of 0.97% and a return on equity of 12.48%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 EPS. Analysts predict that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.265 per share. This is a positive change from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, January 2nd. ABM Industries’s payout ratio is 83.47%.

Analysts Set New Price Targets

Separately, UBS Group upped their price objective on ABM Industries from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th.

Institutional Trading of ABM Industries

A number of institutional investors have recently made changes to their positions in ABM. Pacer Advisors Inc. acquired a new position in ABM Industries in the 2nd quarter valued at $125,118,000. Pzena Investment Management LLC raised its position in shares of ABM Industries by 67.0% in the third quarter. Pzena Investment Management LLC now owns 694,464 shares of the business services provider’s stock valued at $36,640,000 after buying an additional 278,575 shares during the last quarter. Barclays PLC lifted its stake in shares of ABM Industries by 238.7% in the third quarter. Barclays PLC now owns 113,850 shares of the business services provider’s stock worth $6,004,000 after buying an additional 80,238 shares in the last quarter. Victory Capital Management Inc. boosted its position in ABM Industries by 279.4% during the third quarter. Victory Capital Management Inc. now owns 108,067 shares of the business services provider’s stock worth $5,702,000 after acquiring an additional 79,587 shares during the last quarter. Finally, Foundry Partners LLC grew its stake in ABM Industries by 694.2% during the 3rd quarter. Foundry Partners LLC now owns 86,868 shares of the business services provider’s stock valued at $4,583,000 after acquiring an additional 75,930 shares in the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.

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.