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 stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $52.84, for a total value of $528,400.00. Following the completion of the transaction, the chief operating officer now directly owns 87,808 shares of the company’s stock, valued at approximately $4,639,774.72. The trade was a 10.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

ABM Industries Price Performance

Shares of NYSE ABM traded up $0.28 during mid-day trading on Tuesday, hitting $53.80. 188,009 shares of the stock were exchanged, compared to its average volume of 305,482. The company has a market cap of $3.35 billion, a P/E ratio of 42.36, a PEG 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 twelve month low of $39.64 and a twelve month high of $59.78. The stock’s fifty day simple moving average is $53.00 and its two-hundred day simple moving average is $53.66.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data 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 firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.08 billion. ABM Industries had a return on equity of 12.48% and a net margin of 0.97%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. As a group, analysts forecast that ABM Industries Incorporated will post 3.71 EPS for the current fiscal year.

ABM Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 2nd were given a dividend of $0.265 per share. This is an increase from ABM Industries’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.06 annualized dividend and a yield of 1.97%. ABM Industries’s dividend payout ratio is 83.47%.

Analyst Upgrades and Downgrades

Separately, UBS Group increased their price objective on ABM Industries from $55.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th.

Institutional Investors Weigh In On ABM Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of ABM Industries during the third quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in ABM Industries during the 4th quarter worth $33,000. Copeland Capital Management LLC acquired a new position in ABM Industries during the 3rd quarter worth $37,000. Adirondack Trust Co. boosted its position in ABM Industries by 28.6% in the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after buying an additional 200 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of ABM Industries by 193.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock valued at $46,000 after buying an additional 595 shares during the period. Institutional investors and hedge funds 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.