ABM Industries Incorporated (NYSE:ABM) COO Sells $528,400.00 in Stock

ABM Industries Incorporated (NYSE:ABM) COO Rene Jacobsen sold 10,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $52.84, for a total transaction of $528,400.00. Following the transaction, the chief operating officer now owns 87,808 shares in the company, valued at $4,639,774.72. This represents a 10.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ABM Industries Price Performance

Shares of ABM opened at $53.80 on Wednesday. The stock has a market cap of $3.35 billion, a PE ratio of 42.36, a price-to-earnings-growth ratio of 2.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. ABM Industries Incorporated has a fifty-two week low of $39.64 and a fifty-two week high of $59.78. The firm’s 50-day simple moving average is $53.00 and its two-hundred day simple moving average is $53.66.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, December 18th. The business services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.08 billion. ABM Industries had a net margin of 0.97% and a return on equity of 12.48%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share. Analysts anticipate that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 2nd were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from ABM Industries’s previous quarterly dividend of $0.23. ABM Industries’s dividend payout ratio is 83.47%.

Institutional Investors Weigh In On ABM Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in ABM Industries by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,198,258 shares of the business services provider’s stock worth $419,587,000 after purchasing an additional 55,584 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of ABM Industries during the fourth quarter valued at approximately $1,131,000. Sei Investments Co. grew its holdings in shares of ABM Industries by 321.3% during the fourth quarter. Sei Investments Co. now owns 153,193 shares of the business services provider’s stock valued at $7,840,000 after buying an additional 116,827 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of ABM Industries by 2,322.1% during the fourth quarter. American Century Companies Inc. now owns 1,183,695 shares of the business services provider’s stock valued at $60,582,000 after buying an additional 1,134,825 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of ABM Industries by 18.1% during the fourth quarter. Xponance Inc. now owns 4,923 shares of the business services provider’s stock valued at $252,000 after buying an additional 753 shares during the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group boosted their price target on shares of ABM Industries from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th.

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.