ABM Industries, Inc. (NYSE:ABM) hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $32.34 and last traded at $32.63, with a volume of 675035 shares changing hands. The stock had previously closed at $33.54.
A number of equities research analysts recently issued reports on ABM shares. Zacks Investment Research lowered shares of ABM Industries from a “hold” rating to a “strong sell” rating in a report on Friday, December 15th. Robert W. Baird set a $40.00 price objective on shares of ABM Industries and gave the company a “buy” rating in a report on Friday, March 2nd. Finally, TheStreet lowered shares of ABM Industries from a “b” rating to a “c+” rating in a report on Friday, December 29th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. ABM Industries has an average rating of “Buy” and an average target price of $45.75.
The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $2,198.90, a PE ratio of 18.65 and a beta of 0.83.
ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Tuesday, March 6th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. ABM Industries had a net margin of 1.55% and a return on equity of 8.33%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS. analysts anticipate that ABM Industries, Inc. will post 1.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 7th. Shareholders of record on Thursday, April 5th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, April 4th. ABM Industries’s dividend payout ratio (DPR) is presently 40.00%.
In other ABM Industries news, Director Linda Chavez sold 2,103 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $38.89, for a total transaction of $81,785.67. Following the completion of the transaction, the director now owns 16,557 shares of the company’s stock, valued at $643,901.73. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. BRYN MAWR TRUST Co boosted its stake in ABM Industries by 3.1% during the fourth quarter. BRYN MAWR TRUST Co now owns 207,977 shares of the business services provider’s stock worth $7,845,000 after buying an additional 6,314 shares during the period. Phocas Financial Corp. purchased a new position in ABM Industries during the fourth quarter worth about $5,166,000. MetLife Investment Advisors LLC purchased a new position in ABM Industries during the fourth quarter worth about $972,000. Macquarie Group Ltd. boosted its stake in ABM Industries by 12.9% during the fourth quarter. Macquarie Group Ltd. now owns 1,231,305 shares of the business services provider’s stock worth $46,445,000 after buying an additional 140,390 shares during the period. Finally, Verition Fund Management LLC purchased a new position in ABM Industries during the fourth quarter worth about $415,000. 98.51% of the stock is owned by institutional investors.
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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.
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