ABM Industries Incorporated (NYSE:ABM) Given Average Rating of “Hold” by Analysts

Shares of ABM Industries Incorporated (NYSE:ABM) have been given an average rating of “Hold” by the six research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $45.20.

Separately, StockNews.com lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd.

Insider Activity at ABM Industries

In other news, CAO Dean A. Chin sold 5,465 shares of ABM Industries stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $44.89, for a total value of $245,323.85. Following the completion of the transaction, the chief accounting officer now owns 19,972 shares in the company, valued at $896,543.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other ABM Industries news, COO Rene Jacobsen sold 5,563 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $43.59, for a total value of $242,491.17. Following the completion of the transaction, the chief operating officer now owns 111,677 shares in the company, valued at approximately $4,868,000.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Dean A. Chin sold 5,465 shares of ABM Industries stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $44.89, for a total value of $245,323.85. Following the transaction, the chief accounting officer now directly owns 19,972 shares of the company’s stock, valued at approximately $896,543.08. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ABM Industries

A number of large investors have recently modified their holdings of the company. Norges Bank bought a new position in ABM Industries in the 4th quarter valued at $31,310,000. Fuller & Thaler Asset Management Inc. boosted its stake in ABM Industries by 20.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,262,155 shares of the business services provider’s stock valued at $50,499,000 after buying an additional 215,795 shares during the period. Simplicity Wealth LLC purchased a new position in ABM Industries during the first quarter worth about $3,480,000. Dimensional Fund Advisors LP grew its position in ABM Industries by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,687,476 shares of the business services provider’s stock worth $210,141,000 after buying an additional 66,334 shares in the last quarter. Finally, Trexquant Investment LP increased its stake in ABM Industries by 437.3% in the 4th quarter. Trexquant Investment LP now owns 68,813 shares of the business services provider’s stock worth $3,085,000 after acquiring an additional 56,005 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors.

ABM Industries Stock Performance

ABM stock opened at $44.28 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The firm has a market cap of $2.80 billion, a PE ratio of 11.32 and a beta of 1.16. The business has a 50 day moving average of $43.05 and a 200-day moving average of $42.46. ABM Industries has a 12-month low of $37.61 and a 12-month high of $53.05.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.01 billion. ABM Industries had a return on equity of 12.88% and a net margin of 3.15%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. As a group, sell-side analysts expect that ABM Industries will post 3.37 earnings per share for the current year.

ABM Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, April 4th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 2.03%. The ex-dividend date is Wednesday, April 3rd. ABM Industries’s dividend payout ratio (DPR) is currently 23.02%.

ABM Industries Company Profile

ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. It operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.