ABM Industries Incorporated (NYSE:ABM) Receives $45.20 Consensus Price Target from Analysts

Shares of ABM Industries Incorporated (NYSE:ABM) have been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $45.20.

Separately, StockNews.com lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd.

Insiders Place Their Bets

In other news, CAO Dean A. Chin sold 5,465 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $44.89, for a total transaction of $245,323.85. Following the transaction, the chief accounting officer now directly owns 19,972 shares in the company, valued at approximately $896,543.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Dean A. Chin sold 5,465 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $44.89, for a total transaction of $245,323.85. Following the transaction, the chief accounting officer now owns 19,972 shares of the company’s stock, valued at approximately $896,543.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Rene Jacobsen sold 5,563 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $43.59, for a total transaction of $242,491.17. Following the sale, the chief operating officer now owns 111,677 shares of the company’s stock, valued at $4,868,000.43. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ABM. Arizona State Retirement System grew its stake in shares of ABM Industries by 1.4% in the third quarter. Arizona State Retirement System now owns 18,833 shares of the business services provider’s stock worth $754,000 after purchasing an additional 265 shares during the last quarter. Inspire Investing LLC increased its stake in shares of ABM Industries by 3.9% during the third quarter. Inspire Investing LLC now owns 7,692 shares of the business services provider’s stock valued at $308,000 after buying an additional 286 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of ABM Industries by 4.5% during the third quarter. Verdence Capital Advisors LLC now owns 7,811 shares of the business services provider’s stock valued at $313,000 after acquiring an additional 334 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in ABM Industries by 8.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,381 shares of the business services provider’s stock worth $241,000 after acquiring an additional 439 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in ABM Industries by 323.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 669 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 511 shares in the last quarter. Institutional investors own 91.62% of the company’s stock.

ABM Industries Stock Performance

NYSE:ABM opened at $44.33 on Tuesday. The business’s fifty day moving average is $42.85 and its 200 day moving average is $42.44. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 11.34 and a beta of 1.16. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.48 and a current ratio of 1.48. ABM Industries has a 52-week low of $37.61 and a 52-week high of $53.05.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Thursday, March 7th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.01 billion. ABM Industries had a net margin of 3.15% and a return on equity of 12.88%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share. Research analysts predict that ABM Industries will post 3.37 EPS for the current year.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, April 4th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.90 dividend on an annualized basis and a yield of 2.03%. ABM Industries’s dividend payout ratio is presently 23.02%.

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.