ABM Industries Incorporated’s filing revealed that its SVP – Chief Accounting Officer CHIN DEAN A unloaded Company’s shares for reported $0.13 million on Feb 13. In the deal valued at $47.86 per share,2,815 shares were sold. As a result of this transaction, CHIN DEAN A now holds 19,735 shares worth roughly $ 0.96 million.
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Then, CHIN DEAN A sold 2,520 shares, generating $115,718 in total proceeds. Upon selling the shares at $45.92, the SVP – Chief Accounting Officer now owns 22,533 shares.
Before that, CHIN DEAN A sold 2,521 shares. ABM Industries Incorporated shares valued at $108,403 were divested by the SVP – Chief Accounting Officer at a price of $43.00 per share. As a result of the transaction, CHIN DEAN A now holds 20,994 shares, worth roughly $1.02 million.
Robert W. Baird upgraded its ABM Industries Incorporated [ABM] rating to an Outperform from a a Neutral in a research note published on Tuesday. PT values the company’s stock at a premium of 3.18 to its Tuesday closing price. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Sidoti also remained covering ABM and has increased its forecast on September 17, 2020 with a “Buy” recommendation from previously “Neutral” rating. CL King revised its rating on June 19, 2020. It rated ABM as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ABM
On Tuesday, ABM Industries Incorporated [NYSE:ABM] saw its stock fall -1.28% to $48.41. On the same session, the stock had its day’s lowest price of $48.37, but rose to a high of $49.4999. Over the last five days, the stock has gained 0.54%. ABM Industries Incorporated shares have risen nearly 8.98% since the year began. Nevertheless, the stocks have risen 8.66% over the past one year. While a 52-week high of $54.00 was reached on 02/27/23, a 52-week low of $37.68 was recorded on 01/20/23. SMA at 50 days reached $46.33, while 200 days put it at $44.58. A total of 0.57 million shares were traded, compared to the trading of 0.32 million shares in the previous session.
Levels Of Support And Resistance For ABM Stock
The 24-hour chart illustrates a support level at 48.02, which if violated will result in even more drops to 47.63. On the upside, there is a resistance level at 49.15. A further resistance level may holdings at 49.89. The Relative Strength Index (RSI) on the 14-day chart is 57.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.55%. Stochastics %K at 79.68% indicates the stock is a holding.
How much short interest is there in ABM Industries Incorporated?
A steep rise in short interest was recorded in ABM Industries Incorporated stocks on Jan 12, 2023, dropping by -0.26 million shares to a total of 1.68 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 1.94 million shares. There was a decline of -15.48%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.58% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.09.
ABM Industries Incorporated [ABM] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 10,183,537 shares, or roughly 15.52% of the outstanding ABM shares. In other words, the investor’s shares have risen by 62,488 from its previous 13-F filing of 10121049.0. Additionally, The Vanguard Group, Inc. increased 1.45% of its stake after which the total value it holdings stand at $378,736,798, while SSgA Funds Management, Inc. added 5.88% of its stake to hold $319.11 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 161,827 shares of ABM Industries Incorporated, while Victory Capital Management, Inc. bought 268,099 shares. At present, Boston Partners Global Investors, is holding 1,821,458 shares valued at $85.44 million. Macquarie Investment Management B owned 1,798,335 shares of the company at the time of its most recent 13F filing, worth $84.36 million.
However, 7 analysts have rated ABM stock as an Overweight in their predictions for 2023.