ABM Industries, Inc. (NYSE:ABM) was up 0.6% during mid-day trading on Monday . The stock traded as high as $35.06 and last traded at $34.08. Approximately 42,504 shares traded hands during trading, a decline of 93% from the average daily volume of 614,739 shares. The stock had previously closed at $33.87.

A number of analysts have commented on ABM shares. Zacks Investment Research upgraded shares of ABM Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine upgraded shares of ABM Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 12th. Finally, Robert W. Baird cut shares of ABM Industries from an “outperform” rating to a “neutral” rating and increased their price target for the company from $36.00 to $40.00 in a research note on Thursday, August 23rd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. ABM Industries has an average rating of “Hold” and a consensus price target of $42.67.

The company has a market cap of $2.22 billion, a P/E ratio of 19.42 and a beta of 0.77. The company has a current ratio of 1.61, a quick ratio of 1.73 and a debt-to-equity ratio of 0.69.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Thursday, September 6th. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.65 billion. ABM Industries had a net margin of 1.34% and a return on equity of 7.75%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 earnings per share. equities research analysts expect that ABM Industries, Inc. will post 1.9 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 5th. Stockholders of record on Thursday, October 4th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Wednesday, October 3rd. ABM Industries’s dividend payout ratio is presently 40.00%.

In other news, COO Scott J. Giacobbe sold 3,342 shares of the firm’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $30.90, for a total transaction of $103,267.80. Following the completion of the sale, the chief operating officer now owns 62,186 shares in the company, valued at approximately $1,921,547.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.81% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ABM. NumerixS Investment Technologies Inc acquired a new stake in shares of ABM Industries during the 2nd quarter worth about $149,000. SG Americas Securities LLC lifted its stake in shares of ABM Industries by 51.9% during the 2nd quarter. SG Americas Securities LLC now owns 5,490 shares of the business services provider’s stock worth $160,000 after buying an additional 1,875 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of ABM Industries during the 1st quarter worth about $222,000. Palouse Capital Management Inc. bought a new position in ABM Industries during the second quarter worth about $245,000. Finally, Burney Co. increased its position in ABM Industries by 25.5% during the second quarter. Burney Co. now owns 8,629 shares of the business services provider’s stock worth $252,000 after acquiring an additional 1,754 shares during the period.

ABM Industries Company Profile (NYSE:ABM)

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through five segments: Business & Industry, Aviation, Emerging Industries Group, Technical Solutions, and GCA Services. It offers janitorial, facilities engineering, parking, passenger assistance, catering, air cabin maintenance, transportation, and specialized mechanical and electrical services.

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