ABM Industries Incorporated (NYSE:ABM) EVP Andrea R. Newborn Sells 12,615 Shares

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

ABM Industries Trading Up 0.1 %

ABM Industries stock traded up $0.04 during mid-day trading on Thursday, hitting $44.84. 299,788 shares of the stock were exchanged, compared to its average volume of 575,591. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. ABM Industries Incorporated has a 12 month low of $37.61 and a 12 month high of $53.05. The firm’s fifty day simple moving average is $43.21 and its two-hundred day simple moving average is $42.47. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 11.45 and a beta of 1.14.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.01 billion. ABM Industries had a net margin of 3.15% and a return on equity of 12.88%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. Analysts forecast that ABM Industries Incorporated will post 3.37 EPS for the current year.

ABM Industries Announces Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.20.

Institutional Trading of ABM Industries

Several hedge funds have recently bought and sold shares of ABM. GAMMA Investing LLC acquired a new stake in ABM Industries in the 4th quarter valued at $25,000. SRS Capital Advisors Inc. boosted its holdings in ABM Industries by 323.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 669 shares of the business services provider’s stock worth $30,000 after acquiring an additional 511 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in ABM Industries during the 4th quarter worth $48,000. Clarity Asset Management Inc. bought a new stake in shares of ABM Industries during the 4th quarter worth $54,000. Finally, Quest Partners LLC bought a new stake in shares of ABM Industries during the 4th quarter worth $58,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

About ABM Industries

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.