ABM Industries Incorporated (NYSE:ABM) Receives Consensus Rating of "Hold" from Brokerages

ABM Industries Incorporated (NYSE:ABM - Get Free Report) has received a consensus rating of "Hold" from the six brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $45.20.

• Diversified Dividend Compounder ABM Industries Moves Higher

Separately, StockNews.com cut ABM Industries from a "buy" rating to a "hold" rating in a research report on Saturday, February 3rd.

Get Our Latest Stock Analysis on ABM

Insiders Place Their Bets

• Buy Post Earnings Weakness In ABM Industries, But Not Yet

In other news, COO Rene Jacobsen sold 5,563 shares of the business's stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $43.59, for a total transaction of $242,491.17. Following the completion of the transaction, the chief operating officer now owns 111,677 shares of the company's stock, valued at $4,868,000.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Dean A. Chin sold 5,465 shares of the company's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $44.89, for a total value of $245,323.85. Following the completion of the transaction, the chief accounting officer now directly owns 19,972 shares in the company, valued at approximately $896,543.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Rene Jacobsen sold 5,563 shares of the company's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $43.59, for a total value of $242,491.17. Following the completion of the sale, the chief operating officer now directly owns 111,677 shares of the company's stock, valued at approximately $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 large investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new position in ABM Industries in the 4th quarter worth $25,000. SRS Capital Advisors Inc. grew its stake in shares of ABM Industries by 323.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 669 shares of the business services provider's stock valued at $30,000 after buying an additional 511 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of ABM Industries in the fourth quarter worth about $48,000. Clarity Asset Management Inc. bought a new stake in shares of ABM Industries in the 4th quarter valued at about $54,000. Finally, Quest Partners LLC purchased a new stake in ABM Industries during the 4th quarter valued at about $58,000. 91.62% of the stock is owned by hedge funds and other institutional investors.

ABM Industries Trading Up 0.3 %

• ABM Industries Incorporated: High-Demand Service For Reopening Businesses

NYSE:ABM opened at $44.46 on Tuesday. The firm's 50 day moving average is $42.67 and its 200 day moving average is $42.40. ABM Industries has a 12 month low of $37.61 and a 12 month high of $53.05. The stock has a market capitalization of $2.81 billion, a PE ratio of 11.37 and a beta of 1.16. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.71.

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

ABM Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Thursday, April 4th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 2.02%. The ex-dividend date is Wednesday, April 3rd. ABM Industries's dividend payout ratio is 23.02%.

About ABM Industries

(Get Free Report

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.

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