Strs Ohio Invests $47,000 in ABM Industries, Inc. (ABM)

Strs Ohio acquired a new stake in ABM Industries, Inc. (NYSE:ABM) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 1,300 shares of the business services provider’s stock, valued at approximately $47,000.

Other large investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new stake in shares of ABM Industries in the fourth quarter worth approximately $25,000. First Command Financial Services Inc. purchased a new stake in shares of ABM Industries in the fourth quarter worth approximately $27,000. First Command Bank purchased a new stake in shares of ABM Industries in the fourth quarter worth approximately $27,000. Captrust Financial Advisors raised its holdings in shares of ABM Industries by 164.7% in the fourth quarter. Captrust Financial Advisors now owns 863 shares of the business services provider’s stock worth $28,000 after buying an additional 537 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of ABM Industries by 47.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,017 shares of the business services provider’s stock worth $33,000 after buying an additional 328 shares during the period.

ABM opened at $38.01 on Thursday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 20.11 and a beta of 0.57. ABM Industries, Inc. has a 52 week low of $25.64 and a 52 week high of $38.58. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Wednesday, March 6th. The business services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.61 billion. ABM Industries had a return on equity of 8.87% and a net margin of 1.28%. ABM Industries’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. On average, equities research analysts forecast that ABM Industries, Inc. will post 1.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.72 annualized dividend and a yield of 1.89%. ABM Industries’s payout ratio is currently 38.10%.

Several brokerages have recently weighed in on ABM. Zacks Investment Research upgraded ABM Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Maxim Group set a $45.00 price target on ABM Industries and gave the stock a “buy” rating in a report on Friday, April 12th. KeyCorp assumed coverage on ABM Industries in a report on Friday, April 5th. They issued a “sector weight” rating and a $36.83 price target on the stock. Finally, Robert W. Baird set a $37.00 price objective on ABM Industries and gave the stock a “hold” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. ABM Industries presently has a consensus rating of “Hold” and an average target price of $40.46.

In other ABM Industries news, insider Scott B. Salmirs sold 10,971 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $37.50, for a total transaction of $411,412.50. Following the sale, the insider now owns 157,091 shares of the company’s stock, valued at approximately $5,890,912.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott J. Giacobbe sold 7,143 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $36.90, for a total value of $263,576.70. Following the sale, the chief operating officer now directly owns 76,545 shares in the company, valued at approximately $2,824,510.50. The disclosure for this sale can be found here. Insiders have sold a total of 29,728 shares of company stock worth $1,110,234 over the last 90 days. 0.94% of the stock is currently owned by company insiders.

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About ABM Industries

ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. It operates through Business & Industry, Aviation, Technology & Manufacturing, Education, Technical Solutions, and Healthcare segments. The company offers janitorial, electrical and lighting, energy, facilities engineering, HVAC and mechanical, landscape and turf, mission critical, and parking solutions.

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Institutional Ownership by Quarter for ABM Industries (NYSE:ABM)

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