ABM Industries Inc. (ABM) CFO Sells C$29,750.00 in Stock
ABM Industries Inc. (NYSE:ABM) CFO Diego Anthony Scaglione sold 700 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of C$42.50, for a total value of C$29,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Diego Anthony Scaglione also recently made the following trade(s):
- On Thursday, November 10th, Diego Anthony Scaglione sold 500 shares of ABM Industries stock. The shares were sold at an average price of C$40.50, for a total value of C$20,250.00.
ABM Industries Inc. (NYSE:ABM) traded down 0.059% during trading on Thursday, hitting $42.495. The company’s stock had a trading volume of 17,369 shares. The firm has a market cap of $2.37 billion, a P/E ratio of 27.487 and a beta of 0.79. ABM Industries Inc. has a 12 month low of $26.50 and a 12 month high of $43.71. The firm has a 50 day moving average of $39.22 and a 200 day moving average of $37.20.
ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Wednesday, September 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.14. The firm earned $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. ABM Industries had a return on equity of 10.15% and a net margin of 1.73%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. Equities research analysts predict that ABM Industries Inc. will post $1.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Thursday, October 6th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, October 4th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.55%. ABM Industries’s dividend payout ratio (DPR) is presently 42.58%.
Several analysts recently commented on the company. Sidoti cut ABM Industries from a “buy” rating to a “neutral” rating in a report on Wednesday. Zacks Investment Research cut ABM Industries from a “buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $44.00 target price on shares of ABM Industries in a report on Saturday, September 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. ABM Industries has an average rating of “Hold” and an average price target of C$32.05.
Several hedge funds have recently modified their holdings of the stock. Bruderman Asset Management LLC boosted its position in shares of ABM Industries by 100.4% in the second quarter. Bruderman Asset Management LLC now owns 2,916 shares of the company’s stock worth $106,000 after buying an additional 1,461 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of ABM Industries by 334.7% in the second quarter. Quantbot Technologies LP now owns 3,486 shares of the company’s stock worth $127,000 after buying an additional 2,684 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of ABM Industries during the second quarter worth $148,000. Tower Research Capital LLC TRC boosted its position in shares of ABM Industries by 3,982.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,082 shares of the company’s stock worth $149,000 after buying an additional 3,982 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of ABM Industries during the second quarter worth $168,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.
ABM Industries Company Profile
ABM Industries Incorporated, formerly American Building Maintenance Industries, Inc, is a provider of end-to-end integrated facility solutions. The Company’s segments are Janitorial, Facility Services, Parking, Building & Energy Solutions, and Other. Its Janitorial segment provides a range of essential cleaning services, which include carpet cleaning and dusting, floor cleaning and finishing, window washing, and other building cleaning services.
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