ABM Industries Incorporated (NYSE:ABM) EVP Sells $28,734.44 in Stock

ABM Industries Incorporated (NYSE:ABM) EVP Sean Michael Mahoney sold 574 shares of ABM Industries stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $50.06, for a total value of $28,734.44. Following the completion of the sale, the executive vice president now directly owns 49,225 shares in the company, valued at approximately $2,464,203.50. This represents a 1.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, May 7th, Sean Michael Mahoney sold 1,800 shares of ABM Industries stock. The shares were sold at an average price of $50.03, for a total value of $90,054.00.

ABM Industries Price Performance

Shares of NYSE ABM opened at $50.71 on Friday. ABM Industries Incorporated has a twelve month low of $40.85 and a twelve month high of $59.78. The company has a market cap of $3.16 billion, a PE ratio of 39.93, a price-to-earnings-growth ratio of 2.75 and a beta of 0.78. The business’s 50 day moving average price is $47.70 and its two-hundred day moving average price is $51.73. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.73.

ABM Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 3rd were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, April 3rd. ABM Industries’s dividend payout ratio (DPR) is presently 84.13%.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their target price on shares of ABM Industries from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th.

Hedge Funds Weigh In On ABM Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABM. LSV Asset Management lifted its stake in shares of ABM Industries by 66.4% during the 1st quarter. LSV Asset Management now owns 1,386,172 shares of the business services provider’s stock worth $65,649,000 after buying an additional 553,225 shares during the last quarter. US Bancorp DE raised its holdings in ABM Industries by 3,410.5% in the 1st quarter. US Bancorp DE now owns 4,353 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 4,229 shares during the period. Goodman Financial Corp lifted its position in ABM Industries by 1.4% during the first quarter. Goodman Financial Corp now owns 280,936 shares of the business services provider’s stock worth $13,305,000 after acquiring an additional 3,889 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of ABM Industries by 107.7% during the first quarter. Federated Hermes Inc. now owns 920 shares of the business services provider’s stock worth $44,000 after acquiring an additional 477 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of ABM Industries by 6.3% in the first quarter. Cetera Investment Advisers now owns 7,264 shares of the business services provider’s stock valued at $344,000 after purchasing an additional 430 shares during the last quarter. 91.62% of the stock is owned by institutional investors.

ABM Industries Company Profile

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.