ABM Industries Incorporated (NYSE:ABM) insider Scott J. Giacobbe sold 11,094 shares of ABM Industries stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total transaction of $442,872.48. Following the completion of the sale, the insider now directly owns 59,152 shares of the company’s stock, valued at $2,361,347.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of ABM Industries Incorporated (NYSE:ABM) opened at 39.56 on Friday. The stock’s 50 day moving average is $43.29 and its 200 day moving average is $42.75. The stock has a market capitalization of $2.21 billion, a PE ratio of 175.82 and a beta of 0.79. ABM Industries Incorporated has a 52 week low of $37.12 and a 52 week high of $45.12.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Wednesday, September 6th. The business services provider reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. ABM Industries had a net margin of 0.29% and a return on equity of 11.37%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 EPS. Analysts anticipate that ABM Industries Incorporated will post $1.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.68 annualized dividend and a yield of 1.72%. ABM Industries’s dividend payout ratio is presently 251.86%.

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Several research firms have commented on ABM. BidaskClub raised shares of ABM Industries from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of ABM Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Robert W. Baird set a $47.00 target price on shares of ABM Industries and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Sidoti raised shares of ABM Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $55.00 in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $48.20.

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in ABM Industries by 65.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,400 shares of the business services provider’s stock valued at $105,000 after buying an additional 946 shares during the period. Elkfork Partners LLC increased its stake in ABM Industries by 2.5% in the 1st quarter. Elkfork Partners LLC now owns 2,750 shares of the business services provider’s stock valued at $120,000 after buying an additional 66 shares during the period. Riverhead Capital Management LLC increased its stake in ABM Industries by 60.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,528 shares of the business services provider’s stock valued at $146,000 after buying an additional 1,328 shares during the period. Meadow Creek Investment Management LLC increased its stake in ABM Industries by 2.5% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,500 shares of the business services provider’s stock valued at $153,000 after buying an additional 84 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in ABM Industries by 12,666.7% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,830 shares of the business services provider’s stock valued at $159,000 after buying an additional 3,800 shares during the period. Hedge funds and other institutional investors own 91.49% of the company’s stock.

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)

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