ABM Industries Incorporated (NYSE:ABM) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont decreased its position in ABM Industries Incorporated (NYSE:ABM) by 49.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,056 shares of the business services provider’s stock after selling 3,956 shares during the period. Trust Co. of Vermont’s holdings in ABM Industries were worth $182,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Virtu Financial LLC purchased a new position in ABM Industries during the 4th quarter valued at about $381,000. Clarity Asset Management Inc. acquired a new stake in shares of ABM Industries in the fourth quarter valued at approximately $54,000. Nebula Research & Development LLC purchased a new position in shares of ABM Industries during the 4th quarter worth approximately $1,580,000. Hotchkis & Wiley Capital Management LLC raised its position in shares of ABM Industries by 1.6% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 267,080 shares of the business services provider’s stock worth $11,973,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Humankind Investments LLC purchased a new stake in ABM Industries in the 4th quarter valued at approximately $234,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Price Performance

ABM stock opened at $50.59 on Tuesday. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 13.24 and a beta of 1.16. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.67. ABM Industries Incorporated has a 52-week low of $37.61 and a 52-week high of $53.05. The stock’s fifty day simple moving average is $46.22 and its 200-day simple moving average is $44.03.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Thursday, June 6th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. ABM Industries had a return on equity of 12.52% and a net margin of 3.04%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts expect that ABM Industries Incorporated will post 3.47 EPS for the current year.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, July 5th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Friday, July 5th. ABM Industries’s dividend payout ratio (DPR) is 23.56%.

Analyst Ratings Changes

ABM has been the subject of several recent research reports. Robert W. Baird raised their price target on ABM Industries from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, June 10th. UBS Group lifted their price objective on ABM Industries from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. Finally, StockNews.com upgraded shares of ABM Industries from a “hold” rating to a “buy” rating in a report on Wednesday, June 12th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, ABM Industries presently has an average rating of “Hold” and a consensus price target of $48.80.

Insiders Place Their Bets

In other news, EVP Andrea R. Newborn sold 12,615 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $45.00, for a total transaction of $567,675.00. Following the completion of the sale, the executive vice president now directly owns 45,847 shares of the company’s stock, valued at approximately $2,063,115. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 value of $242,491.17. Following the transaction, the chief operating officer now owns 111,677 shares in the company, valued at $4,868,000.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrea R. Newborn sold 12,615 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $45.00, for a total transaction of $567,675.00. Following the sale, the executive vice president now owns 45,847 shares of the company’s stock, valued at $2,063,115. The disclosure for this sale can be found here. Insiders have sold a total of 23,643 shares of company stock valued at $1,055,490 over the last quarter. Company insiders own 1.04% of the company’s stock.

ABM Industries 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.