Insider Selling: ABM Industries Incorporated (NYSE:ABM) CAO Sells $224,153.16 in Stock

ABM Industries Incorporated (NYSE:ABM) CAO Dean A. Chin sold 4,281 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $52.36, for a total value of $224,153.16. Following the sale, the chief accounting officer now owns 18,681 shares of the company’s stock, valued at $978,137.16. This trade represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

ABM Industries Stock Performance

Shares of ABM stock opened at $53.14 on Friday. ABM Industries Incorporated has a 12-month low of $39.64 and a 12-month high of $59.78. The business’s fifty day simple moving average is $54.17 and its 200-day simple moving average is $53.52. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.31 billion, a PE ratio of 41.84, a PEG ratio of 2.63 and a beta of 1.16.

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

ABM Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be paid a $0.265 dividend. The ex-dividend date is Thursday, January 2nd. This is a boost from ABM Industries’s previous quarterly dividend of $0.23. This represents a $1.06 dividend on an annualized basis and a yield of 1.99%. ABM Industries’s dividend payout ratio (DPR) is 83.47%.

Wall Street Analyst Weigh In

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

Institutional Trading of ABM Industries

Several large investors have recently bought and sold shares of the stock. Foundry Partners LLC grew its holdings in shares of ABM Industries by 694.2% during the third quarter. Foundry Partners LLC now owns 86,868 shares of the business services provider’s stock valued at $4,583,000 after buying an additional 75,930 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in ABM Industries during the 4th quarter valued at about $392,000. Citigroup Inc. increased its holdings in shares of ABM Industries by 51.3% in the third quarter. Citigroup Inc. now owns 101,006 shares of the business services provider’s stock valued at $5,329,000 after purchasing an additional 34,254 shares during the period. Algert Global LLC raised its stake in shares of ABM Industries by 50.8% in the second quarter. Algert Global LLC now owns 200,497 shares of the business services provider’s stock worth $10,139,000 after purchasing an additional 67,560 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of ABM Industries by 91.8% during the third quarter. Jane Street Group LLC now owns 82,094 shares of the business services provider’s stock worth $4,331,000 after purchasing an additional 39,300 shares during the period. Hedge funds and other institutional investors own 91.62% of the company’s stock.

About ABM Industries

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.