ABM Industries Inc (NYSE: ABM) is 3.73% higher on its value in year-to-date trading and has touched a low of $39.64 and a high of $59.78 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ABM stock was last observed hovering at around $53.37 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $53.09, the stock is 3.33% and -2.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing -0.52% at the moment leaves the stock 3.23% off its SMA200. ABM registered 28.02% gain for a year compared to 6-month gain of -1.25%. The firm has a 50-day simple moving average (SMA 50) of $54.4932 and a 200-day simple moving average (SMA200) of $51.42795.
The stock witnessed a -6.47% loss in the last 1 month and extending the period to 3 months gives it a -1.45%, and is 5.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.69% over the week and 2.68% over the month.
ABM Industries Inc (ABM) has around 117000 employees, a market worth around $3.30B and $8.36B in sales. Current P/E ratio is 41.55 and Fwd P/E is 12.95. Profit margin for the company is 0.97%. Distance from 52-week low is 33.93% and -11.19% from its 52-week high. The company has generated returns on investments over the last 12 months (2.55%).
with sales reaching $2.09B over the same period.The EPS is expected to grow by 4.55% this year, but quarterly earnings will post 1.71% year-over-year. Quarterly sales are estimated to grow 1.17% in year-over-year returns.
ABM Industries Inc (ABM) Top Institutional Holders
411.0 institutions hold shares in ABM Industries Inc (ABM), with institutional investors hold 95.72% of the company’s shares. The shares outstanding are 62.20M, and float is at 61.13M with Short Float at 2.52%. Institutions hold 94.39% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.02 million shares valued at $506.94 million. The investor’s holdings represent 15.8365% of the ABM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.13 million shares valued at $411.15 million to account for 12.8441 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 4.66 million shares representing 7.3632% and valued at over $235.7 million, while STATE STREET CORP holds 5.4578 of the shares totaling 3.45 million with a market value of $174.71 million.
ABM Industries Inc (ABM) Insider Activity
The most recent transaction is an insider sale by CHIN DEAN A, the company’s SVP – Chief Accounting Officer. SEC filings show that CHIN DEAN A sold 4,281 shares of the company’s common stock on Jan 14 ’25 at a price of $52.36 per share for a total of $0.22 million. Following the sale, the insider now owns 18681.0 shares.
Still, SEC filings show that on Oct 14 ’24, ELLIS EARL RAY (EVP & Chief Financial Officer) disposed off 40,000 shares at an average price of $53.96 for $2.16 million. The insider now directly holds 45,260 shares of ABM Industries Inc (ABM).
