Scott B. Salmirs Sells 800 Shares of ABM Industries Incorporated (NYSE:ABM) Stock

ABM Industries Incorporated (NYSE:ABM - Get Free Report) CEO Scott B. Salmirs sold 800 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $52.09, for a total transaction of $41,672.00. Following the completion of the transaction, the chief executive officer now directly owns 418,856 shares of the company's stock, valued at $21,818,209.04. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

ABM Industries Stock Performance

ABM Industries stock opened at $51.55 on Thursday. The firm has a market capitalization of $3.21 billion, a P/E ratio of 40.59, a P/E/G ratio of 2.75 and a beta of 0.78. The stock has a fifty day moving average price of $47.60 and a two-hundred day moving average price of $51.70. ABM Industries Incorporated has a 52-week low of $40.85 and a 52-week high of $59.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.33 and a quick ratio of 1.33.

ABM Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 3rd were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Thursday, April 3rd. ABM Industries's dividend payout ratio (DPR) is currently 84.13%.

Analysts Set New Price Targets

Separately, UBS Group decreased their price objective on ABM Industries from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th.

Hedge Funds Weigh In On ABM Industries

Several institutional investors have recently added to or reduced their stakes in ABM. Miracle Mile Advisors LLC bought a new stake in ABM Industries during the fourth quarter worth about $392,000. Olstein Capital Management L.P. grew its position in ABM Industries by 3.6% during the 4th quarter. Olstein Capital Management L.P. now owns 195,821 shares of the business services provider's stock worth $10,022,000 after acquiring an additional 6,821 shares during the last quarter. KBC Group NV grew its position in ABM Industries by 60.9% during the 4th quarter. KBC Group NV now owns 2,819 shares of the business services provider's stock worth $144,000 after acquiring an additional 1,067 shares during the last quarter. Sei Investments Co. raised its position in ABM Industries by 321.3% in the 4th quarter. Sei Investments Co. now owns 153,193 shares of the business services provider's stock valued at $7,840,000 after purchasing an additional 116,827 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in ABM Industries by 23.1% in the 4th quarter. Wells Fargo & Company MN now owns 42,103 shares of the business services provider's stock valued at $2,155,000 after purchasing an additional 7,904 shares during the last quarter. 91.62% of the stock is owned by institutional investors.

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.

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