ABM Industries Incorporated (NYSE:ABM) EVP Sells $90,054.00 in Stock

ABM Industries Incorporated (NYSE:ABM) EVP Sean Michael Mahoney sold 1,800 shares of the business’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $50.03, for a total transaction of $90,054.00. Following the completion of the sale, the executive vice president now directly owns 47,425 shares in the company, valued at $2,372,672.75. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sean Michael Mahoney also recently made the following trade(s):

• On Monday, May 5th, Sean Michael Mahoney sold 574 shares of ABM Industries stock. The shares were sold at an average price of $50.06, for a total value of $28,734.44.

ABM Industries Stock Performance

Shares of ABM opened at $50.71 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.73. ABM Industries Incorporated has a 12 month low of $40.85 and a 12 month high of $59.78. The firm has a fifty day simple moving average of $47.70 and a 200 day simple moving average of $51.73. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 2.75 and a beta of 0.78.

ABM Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 3rd were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Thursday, April 3rd. ABM Industries’s payout ratio is 84.13%.

Institutional Trading of ABM Industries

Several institutional investors and hedge funds have recently bought and sold shares of ABM. Barclays PLC increased its position in shares of ABM Industries by 238.7% during the 3rd quarter. Barclays PLC now owns 113,850 shares of the business services provider’s stock worth $6,004,000 after purchasing an additional 80,238 shares during the last quarter. Tidal Investments LLC grew its stake in shares of ABM Industries by 176.4% in the third quarter. Tidal Investments LLC now owns 23,761 shares of the business services provider’s stock valued at $1,254,000 after buying an additional 15,163 shares in the last quarter. Principal Financial Group Inc. increased its holdings in ABM Industries by 4.9% during the third quarter. Principal Financial Group Inc. now owns 327,631 shares of the business services provider’s stock worth $17,286,000 after buying an additional 15,438 shares during the last quarter. First Hawaiian Bank raised its position in ABM Industries by 32.4% during the fourth quarter. First Hawaiian Bank now owns 10,682 shares of the business services provider’s stock worth $547,000 after acquiring an additional 2,614 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in ABM Industries in the fourth quarter valued at $392,000. Institutional investors own 91.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group dropped their target price on ABM Industries from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th.

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.