Shares of ABM Industries, Inc. (NYSE:ABM) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $37.00.
A number of research analysts have recently commented on the company. Zacks Investment Research raised ABM Industries from a “sell” rating to a “hold” rating in a research note on Monday. CL King cut ABM Industries from a “buy” rating to a “neutral” rating in a research note on Friday. ValuEngine cut ABM Industries from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. TheStreet raised ABM Industries from a “c+” rating to a “b-” rating in a research note on Friday, September 14th. Finally, Robert W. Baird dropped their price objective on ABM Industries from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 19th.
ABM opened at $34.78 on Friday. The company has a market cap of $2.31 billion, a PE ratio of 18.40 and a beta of 0.58. ABM Industries has a one year low of $25.64 and a one year high of $40.00. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62.
ABM Industries (NYSE:ABM) last released its earnings results on Tuesday, December 18th. The business services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. ABM Industries had a return on equity of 8.70% and a net margin of 1.52%. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, equities research analysts predict that ABM Industries will post 1.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 4th. Investors of record on Thursday, January 3rd will be paid a $0.18 dividend. The ex-dividend date is Wednesday, January 2nd. This represents a $0.72 annualized dividend and a yield of 2.07%. This is a boost from ABM Industries’s previous quarterly dividend of $0.18. ABM Industries’s dividend payout ratio is 38.10%.
In related news, Director Linda Chavez sold 3,000 shares of the stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $34.62, for a total value of $103,860.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Dean A. Chin sold 2,018 shares of the stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $30.39, for a total value of $61,327.02. The disclosure for this sale can be found here. In the last three months, insiders sold 8,042 shares of company stock worth $259,536. 0.81% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its holdings in ABM Industries by 1.6% during the fourth quarter. State of Alaska Department of Revenue now owns 22,005 shares of the business services provider’s stock worth $706,000 after buying an additional 340 shares during the period. Vanguard Group Inc lifted its holdings in ABM Industries by 1.7% during the third quarter. Vanguard Group Inc now owns 7,285,916 shares of the business services provider’s stock worth $234,971,000 after buying an additional 118,365 shares during the period. Marshall Wace LLP lifted its holdings in ABM Industries by 244.9% during the third quarter. Marshall Wace LLP now owns 340,291 shares of the business services provider’s stock worth $10,974,000 after buying an additional 241,635 shares during the period. Great Lakes Advisors LLC purchased a new stake in ABM Industries during the third quarter worth $5,576,000. Finally, Vanguard Group Inc. lifted its holdings in ABM Industries by 1.7% during the third quarter. Vanguard Group Inc. now owns 7,285,916 shares of the business services provider’s stock worth $234,971,000 after buying an additional 118,365 shares during the period.
ABM Industries Company Profile
ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. It offers janitorial, electrical and lighting, energy solutions, facilities engineering, HVAC and mechanical, landscape and turf, mission critical solutions, and parking.
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