ABM Industries, Inc. (NYSE:ABM) insider James P. Mcclure sold 1,970 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $44.40, for a total value of $87,468.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of ABM Industries, Inc. (NYSE:ABM) traded down 1.10% during mid-day trading on Monday, hitting $44.06. The stock had a trading volume of 756,792 shares. ABM Industries, Inc. has a 52 week low of $31.20 and a 52 week high of $45.03. The stock has a 50-day moving average price of $41.32 and a 200 day moving average price of $40.52. The stock’s market cap is $2.45 billion.

ABM Industries (NYSE:ABM) last issued its earnings results on Tuesday, March 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company earned $1.33 billion during 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 company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. On average, equities analysts forecast that ABM Industries, Inc. will post $1.91 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for ABM Industries (NYSE:ABM)

The business also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Thursday, April 6th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, April 4th. ABM Industries’s dividend payout ratio (DPR) is currently 67.33%.

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Several analysts have recently weighed in on the company. Robert W. Baird upgraded ABM Industries from a “neutral” rating to an “outperform” rating and raised their target price for the company from $46.00 to $50.00 in a research note on Thursday, March 9th. Zacks Investment Research downgraded ABM Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Finally, Imperial Capital raised their target price on ABM Industries from $38.00 to $43.00 and gave the company a “line” rating in a research note on Wednesday, January 4th.

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its stake in shares of ABM Industries by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 8,207 shares of the company’s stock worth $299,000 after buying an additional 289 shares during the period. Macquarie Group Ltd. raised its stake in shares of ABM Industries by 133.5% in the second quarter. Macquarie Group Ltd. now owns 498,041 shares of the company’s stock worth $18,169,000 after buying an additional 284,750 shares during the period. 1st Global Advisors Inc. bought a new stake in shares of ABM Industries during the third quarter worth about $533,000. Acadian Asset Management LLC raised its stake in shares of ABM Industries by 169.2% in the third quarter. Acadian Asset Management LLC now owns 12,363 shares of the company’s stock worth $491,000 after buying an additional 7,770 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of ABM Industries by 8.3% in the third quarter. California Public Employees Retirement System now owns 103,100 shares of the company’s stock worth $4,093,000 after buying an additional 7,900 shares during the period. 89.88% of the stock is owned by institutional investors.

About ABM Industries

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.

5 Day Chart for NYSE:ABM

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