ABM Industries Incorporated (NYSE:ABM) EVP Sean Michael Mahoney Sells 574 Shares of Stock

ABM Industries Incorporated (NYSE:ABM) EVP Sean Michael Mahoney sold 574 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $50.06, for a total value of $28,734.44. Following the transaction, the executive vice president now owns 49,225 shares in the company, valued at $2,464,203.50. The trade was a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 stock was sold at an average price of $50.03, for a total transaction of $90,054.00.

ABM Industries Price Performance

ABM stock opened at $49.81 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.33 and a current ratio of 1.33. The business has a 50-day simple moving average of $47.78 and a two-hundred day simple moving average of $51.78. The company has a market capitalization of $3.10 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 2.75 and a beta of 0.78. ABM Industries Incorporated has a 52-week low of $40.85 and a 52-week high of $59.78.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 3rd were issued a dividend of $0.265 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.06 annualized dividend and a yield of 2.13%. ABM Industries’s dividend payout ratio (DPR) is currently 84.13%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On ABM Industries

A number of institutional investors and hedge funds have recently bought and sold shares of ABM. SBI Securities Co. Ltd. purchased a new stake in shares of ABM Industries in the fourth quarter valued at about $33,000. Federated Hermes Inc. grew its position in ABM Industries by 107.7% in the 1st quarter. Federated Hermes Inc. now owns 920 shares of the business services provider’s stock worth $44,000 after purchasing an additional 477 shares in the last quarter. Adirondack Trust Co. increased its stake in ABM Industries by 28.6% in the 4th quarter. Adirondack Trust Co. now owns 900 shares of the business services provider’s stock valued at $46,000 after buying an additional 200 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of ABM Industries by 193.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 903 shares of the business services provider’s stock worth $46,000 after buying an additional 595 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of ABM Industries by 834.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,038 shares of the business services provider’s stock worth $104,000 after buying an additional 1,820 shares during the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

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.