ABM Industries Incorporated (NYSE:ABM – Get Rating) CAO Dean A. Chin sold 2,520 shares of ABM Industries stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $45.92, for a total value of $115,718.40. Following the completion of the transaction, the chief accounting officer now owns 22,533 shares of the company's stock, valued at approximately $1,034,715.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

ABM Industries Price Performance

ABM opened at $45.97 on Friday. The business has a fifty day moving average of $45.10 and a 200 day moving average of $43.95. ABM Industries Incorporated has a 52-week low of $37.68 and a 52-week high of $54.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. The stock has a market cap of $3.02 billion, a P/E ratio of 13.48 and a beta of 1.13.

ABM Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Investors of record on Thursday, January 5th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, January 4th. This represents a $0.88 dividend on an annualized basis and a yield of 1.91%. This is a boost from ABM Industries's previous quarterly dividend of $0.20. ABM Industries's payout ratio is presently 25.81%.

Analyst Ratings Changes

Hedge Funds Weigh In On ABM Industries

Large investors have recently bought and sold shares of the business. Pinebridge Investments L.P. raised its position in ABM Industries by 487.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 587 shares of the business services provider's stock valued at $25,000 after purchasing an additional 487 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in ABM Industries during the 2nd quarter valued at $38,000. Wipfli Financial Advisors LLC bought a new stake in ABM Industries during the 3rd quarter valued at $38,000. Assetmark Inc. raised its position in ABM Industries by 104.1% during the 2nd quarter. Assetmark Inc. now owns 951 shares of the business services provider's stock valued at $41,000 after purchasing an additional 485 shares in the last quarter. Finally, Private Trust Co. NA bought a new stake in ABM Industries during the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 92.15% of the company's stock.

About ABM Industries

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ABM Industries Incorporated, through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally. The company operates through Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions segments.

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