ABM Industries Incorporated (NYSE:ABM) SVP Dean A. Chin sold 632 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $44.95, for a total transaction of $28,408.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of ABM Industries Incorporated (NYSE:ABM) traded down 0.96% during trading on Friday, hitting $43.26. 240,363 shares of the stock traded hands. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 192.27 and a beta of 0.80. The firm has a 50-day moving average of $43.07 and a 200-day moving average of $42.38. ABM Industries Incorporated has a 1-year low of $37.60 and a 1-year high of $45.12.

ABM Industries (NYSE:ABM) last announced its earnings results on Wednesday, June 7th. The business services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. ABM Industries had a net margin of 0.25% and a return on equity of 11.44%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $0.31 earnings per share. ABM Industries’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that ABM Industries Incorporated will post $1.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 7th. Investors of record on Thursday, July 6th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Monday, July 3rd. ABM Industries’s dividend payout ratio is presently 283.33%.

WARNING: “ABM Industries Incorporated (ABM) SVP Sells $28,408.40 in Stock” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/13/abm-industries-incorporated-abm-svp-sells-28408-40-in-stock.html.

A number of institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ABM Industries by 65.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,400 shares of the business services provider’s stock worth $105,000 after buying an additional 946 shares in the last quarter. Elkfork Partners LLC increased its position in shares of ABM Industries by 2.5% in the first quarter. Elkfork Partners LLC now owns 2,750 shares of the business services provider’s stock worth $120,000 after buying an additional 66 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of ABM Industries by 60.4% in the second quarter. Riverhead Capital Management LLC now owns 3,528 shares of the business services provider’s stock worth $146,000 after buying an additional 1,328 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in shares of ABM Industries by 2.5% in the first quarter. Meadow Creek Investment Management LLC now owns 3,500 shares of the business services provider’s stock worth $153,000 after buying an additional 84 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. purchased a new position in shares of ABM Industries during the second quarter worth $162,000. 93.28% of the stock is owned by institutional investors and hedge funds.

ABM has been the subject of several research analyst reports. Robert W. Baird set a $50.00 price target on shares of ABM Industries and gave the company a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Monday, July 17th. Sidoti raised shares of ABM Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $49.00 to $55.00 in a report on Thursday, July 13th. Finally, BidaskClub raised shares of ABM Industries from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $48.25.

ABM Industries Company Profile

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.

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

Receive News & Stock Ratings for ABM Industries Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABM Industries Incorporated and related stocks with our FREE daily email newsletter.