ABM Industries Inc (NYSE: ABM) is -11.08% lower on its value in year-to-date trading and has touched a low of $41.51 and a high of $59.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ABM stock was last observed hovering at around $49.83 in the last trading session, with the day’s loss setting it -4.32%.
Currently trading at $45.51, the stock is -13.32% and -13.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing -8.67% at the moment leaves the stock -13.89% off its SMA200. ABM registered 8.56% gain for a year compared to 6-month gain of -8.87%.
The stock witnessed a -14.97% loss in the last 1 month and extending the period to 3 months gives it a -20.77%, and is -13.12% down 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 7.09% over the week and 3.15% over the month.
ABM Industries Inc (ABM) has around 117000 employees, a market worth around $2.83B and $8.36B in sales. Current P/E ratio is 35.62 and Fwd P/E is 11.10. Profit margin for the company is 0.97%. Distance from 52-week low is 9.64% and -23.87% from its 52-week high. The company has generated returns on investments over the last 12 months (2.55%).
with sales reaching $2.06B over the same period.The EPS is expected to grow by 4.97% this year, but quarterly earnings will post 1.73% year-over-year. Quarterly sales are estimated to grow 2.11% in year-over-year returns.
The shares outstanding are 62.20M, and float is at 61.15M with Short Float at 2.52%.
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 7.3865 and valued at over $235.7 million, while STATE STREET CORP holds 5.4751 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 JACOBSEN RENE, the company’s EVP & Chief Operating Officer. SEC filings show that JACOBSEN RENE sold 10,000 shares of the company’s common stock on Feb 03 ’25 at a price of $52.84 per share for a total of $0.53 million. Following the sale, the insider now owns 87808.0 shares.
Still, SEC filings show that on Jan 14 ’25, CHIN DEAN A (SVP – Chief Accounting Officer) disposed off 4,281 shares at an average price of $52.36 for $0.22 million. The insider now directly holds 18,681 shares of ABM Industries Inc (ABM).
