ABM Industries, Inc. (NYSE:ABM)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $41.39 and last traded at $41.18, with a volume of 220483 shares changing hands. The stock had previously closed at $40.81.
Several equities analysts have recently commented on ABM shares. ValuEngine upgraded shares of YY from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Maxim Group set a $45.00 price objective on shares of ABM Industries and gave the stock a “buy” rating in a research report on Friday, April 12th. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, KeyCorp upped their price objective on shares of Vipshop from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $40.46.
The business has a 50-day moving average of $39.09. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 21.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.50 and a quick ratio of 1.50.
ABM Industries (NYSE:ABM) last released its quarterly earnings data on Wednesday, June 5th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.06. ABM Industries had a net margin of 1.33% and a return on equity of 8.82%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company earned $0.47 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that ABM Industries, Inc. will post 2.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Wednesday, July 3rd. ABM Industries’s payout ratio is 38.10%.
In other ABM Industries news, Director Linda Chavez sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $40.00, for a total transaction of $240,000.00. Following the sale, the director now directly owns 21,070 shares of the company’s stock, valued at approximately $842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott B. Salmirs sold 10,971 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $37.50, for a total transaction of $411,412.50. Following the sale, the insider now directly owns 157,091 shares in the company, valued at $5,890,912.50. The disclosure for this sale can be found here. Insiders have sold a total of 25,729 shares of company stock worth $980,100 over the last three months. Insiders own 0.94% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of ABM. Valeo Financial Advisors LLC bought a new stake in shares of ABM Industries in the 2nd quarter valued at $41,000. Crossmark Global Holdings Inc. boosted its stake in shares of ABM Industries by 3.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,000 shares of the business services provider’s stock valued at $600,000 after purchasing an additional 550 shares during the last quarter. Investors Research Corp boosted its stake in shares of ABM Industries by 11.3% in the 2nd quarter. Investors Research Corp now owns 3,450 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 350 shares during the last quarter. Qtron Investments LLC bought a new stake in shares of ABM Industries in the 1st quarter valued at $269,000. Finally, Citigroup Inc. boosted its stake in shares of ABM Industries by 118.2% in the 1st quarter. Citigroup Inc. now owns 53,928 shares of the business services provider’s stock valued at $1,960,000 after purchasing an additional 29,212 shares during the last quarter.
ABM Industries Company Profile (NYSE:ABM)
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. The company offers janitorial, electrical and lighting, energy, facilities engineering, HVAC and mechanical, landscape and turf, mission critical, and parking solutions.
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