ABM Industries Incorporated (NYSE:ABM) Receives Consensus Recommendation of "Hold" from Analysts

Shares of ABM Industries Incorporated (NYSE:ABM - Get Free Report) have been given a consensus recommendation of "Hold" by the six ratings firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $45.20.

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

ABM Industries Stock Performance

Shares of NYSE:ABM traded up $0.19 during trading on Tuesday, hitting $44.65. The company's stock had a trading volume of 360,833 shares, compared to its average volume of 583,623. The company has a 50-day moving average of $42.67 and a 200-day moving average of $42.40. 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 $2.83 billion, a price-to-earnings ratio of 11.42 and a beta of 1.16.

ABM Industries (NYSE:ABM - Get Free Report) last issued its quarterly earnings data 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 net margin of 3.15% and a return on equity of 12.88%. The firm had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the prior year, the business earned $0.79 EPS. The business's quarterly revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that ABM Industries will post 3.37 earnings per share for the current year.

ABM Industries Dividend Announcement

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

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 5,563 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $4,868,000.43. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Rene Jacobsen sold 5,563 shares of ABM Industries stock in a transaction that occurred on 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 in the company, valued at $4,868,000.43. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Dean A. Chin sold 5,465 shares of ABM Industries stock in a transaction that occurred 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 sale, the chief accounting officer now owns 19,972 shares in the company, valued at approximately $896,543.08. The disclosure for this sale can be found here. 1.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On ABM Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new position in shares of ABM Industries in the fourth quarter valued at $25,000. SRS Capital Advisors Inc. grew its holdings in shares of 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 purchasing an additional 511 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of ABM Industries in the fourth quarter valued at $48,000. Clarity Asset Management Inc. purchased a new position in shares of ABM Industries in the fourth quarter valued at $54,000. Finally, Quest Partners LLC purchased a new position in shares of ABM Industries in the fourth quarter valued at $58,000. Institutional investors own 91.62% of the company's stock.

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.