ABM Industries Incorporated (NYSE:ABM) Receives $45.20 Average Target Price from Brokerages

Shares of ABM Industries Incorporated (NYSE:ABM - Get Free Report) have been given a consensus rating of "Hold" by the six brokerages that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $45.20.

A number of brokerages have weighed in on ABM. StockNews.com downgraded ABM Industries from a "buy" rating to a "hold" rating in a report on Saturday, February 3rd. Truist Financial raised their target price on ABM Industries from $43.00 to $53.00 and gave the company a "hold" rating in a report on Thursday, December 14th.

Insider Activity at ABM Industries

In related news, COO Rene Jacobsen sold 5,563 shares of the firm's stock in a transaction on Monday, March 25th. The stock was 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 approximately $4,868,000.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Rene Jacobsen sold 5,563 shares of the firm's stock in a transaction on 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 directly owns 111,677 shares of the company's stock, valued at approximately $4,868,000.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Dean A. Chin sold 5,465 shares of the firm's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $44.89, for a total value of $245,323.85. Following the transaction, the chief accounting officer now directly owns 19,972 shares of the company's stock, valued at $896,543.08. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ABM. GAMMA Investing LLC bought a new position in shares of ABM Industries in the 4th quarter worth about $25,000. SRS Capital Advisors Inc. raised its position in shares of ABM Industries by 323.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 669 shares of the business services provider's stock worth $30,000 after acquiring an additional 511 shares in the last quarter. Amundi bought a new position in shares of ABM Industries in the 4th quarter worth about $36,000. Point72 Asset Management L.P. bought a new position in shares of ABM Industries in the 2nd quarter worth about $46,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of ABM Industries in the 4th quarter worth about $48,000. 91.62% of the stock is owned by institutional investors.

ABM Industries Price Performance

ABM Industries stock traded up $0.21 during mid-day trading on Friday, reaching $44.62. 485,763 shares of the company were exchanged, compared to its average volume of 783,978. The company has a fifty day simple moving average of $41.79 and a 200-day simple moving average of $41.92. ABM Industries has a 12 month low of $37.61 and a 12 month high of $53.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $2.82 billion, a PE ratio of 11.41 and a beta of 1.15.

ABM Industries (NYSE:ABM - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The business services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.14. ABM Industries had a return on equity of 12.88% and a net margin of 3.15%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company earned $0.79 EPS. The company's revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that ABM Industries will post 3.38 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

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