The stock of ABM Industries, Inc. (NYSE:ABM) reached all time high today, Nov, 10 and still has $57.75 target or 41.00% above today’s $40.96 share price. This indicates more upside for the $2.36B company. This technical setup was reported by Barchart.com. If the $57.75 PT is reached, the company will be worth $967.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 464,386 shares traded hands or 113.72% up from the average. ABM Industries, Inc. (NYSE:ABM) has risen 25.60% since April 8, 2016 and is uptrending. It has outperformed by 19.95% the S&P500.
ABM Industries, Inc. (NYSE:ABM) Ratings Coverage
Out of 2 analysts covering ABM Industries (NYSE:ABM), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. ABM Industries has been the topic of 3 analyst reports since August 31, 2015 according to StockzIntelligence Inc. KeyBanc Capital Markets downgraded the shares of ABM in a report on Thursday, October 29 to “Sector Weight” rating. Imperial Capital maintained ABM Industries, Inc. (NYSE:ABM) on Thursday, June 23 with “In-Line” rating. Zacks downgraded ABM Industries, Inc. (NYSE:ABM) on Monday, August 31 to “Buy” rating.
According to Zacks Investment Research, “ABM Industries, Inc. provides air conditioning, elevator, engineering, janitorial, lighting, parking and security services to thousands of commercial, industrial and institutional customers who outsource these services in hundreds of cities across North America.”
Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.43, from 1.25 in 2016Q1. The ratio fall, as 28 funds sold all ABM Industries, Inc. shares owned while 66 reduced positions. 17 funds bought stakes while 60 increased positions. They now own 48.24 million shares or 4.50% less from 50.51 million shares in 2016Q1.
Ladenburg Thalmann Financial Incorporated reported 635 shares or 0% of all its holdings. Martingale Asset Mngmt Ltd Partnership last reported 0.01% of its portfolio in the stock. Pnc Svcs Gp Inc holds 0% of its portfolio in ABM Industries, Inc. (NYSE:ABM) for 5,538 shares. Texas Permanent School Fund owns 42,888 shares or 0.02% of their US portfolio. Blackrock Fund Advisors accumulated 0.03% or 3.68M shares. Northern Trust Corp holds 0.02% of its portfolio in ABM Industries, Inc. (NYSE:ABM) for 1.59 million shares. Cibc Asset Mgmt, a Ontario – Canada-based fund reported 6,877 shares. Parametric Lc reported 229,725 shares or 0.01% of all its holdings. The New York-based Third Avenue Mngmt Lc has invested 0.17% in ABM Industries, Inc. (NYSE:ABM). Citigroup, a New York-based fund reported 39,276 shares. Teton Inc holds 0.1% or 30,050 shares in its portfolio. Aberdeen Asset Public Limited Uk has invested 0.06% of its portfolio in ABM Industries, Inc. (NYSE:ABM). State Board Of Administration Of Florida Retirement System, a Florida-based fund reported 55,538 shares. Usca Ria Limited Co last reported 43,546 shares in the company. Moreover, Eaton Vance Mgmt has 0.01% invested in ABM Industries, Inc. (NYSE:ABM) for 113,731 shares.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 11 selling transactions for $2.88 million net activity. On Thursday, June 9 the insider CHIN DEAN A sold $58,644. 5,000 shares were sold by GIACOBBE SCOTT J, worth $184,292. 25,725 shares were sold by Marano Thomas J, worth $949,514. McConnell Sarah H sold $385,122 worth of stock. 7,000 shares were sold by Ferguson Phil, worth $256,340. The insider HERRINGER MARYELLEN C sold $68,283.
More recent ABM Industries, Inc. (NYSE:ABM) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on August 04, 2009. Also Quotes.Wsj.com published the news titled: “News ABM Industries Inc.ABM” on February 12, 2011. Streetinsider.com‘s news article titled: “Form 4 ABM INDUSTRIES INC /DE/ For: Nov 07 Filed by: HERRINGER MARYELLEN C” with publication date: November 09, 2016 was also an interesting one.
ABM Company Profile
ABM Industries Incorporated (ABM), incorporated on March 19, 1985, is a well-known provider of integrated facility solutions. The Firm provides end-to-end integrated facilities management services to commercial, governmental, industrial, institutional, residential, and retail client facilities in cities, primarily throughout the United States. ABMâ€™s capabilities include facility services, energy solutions, commercial cleaning, maintenance and repair, heating, ventilation, and air conditioning (HVAC), electrical, landscaping, parking and security, through stand-alone or integrated solutions. The Companyâ€™s onsite businesses consist of Janitorial, Facility Services, Parking and Security divisions. The Company’s mobile and on-demand businesses consist of the Building & Energy Solutions reportable segment, and certain unconsolidated affiliates that provide facility solutions, primarily to the U.S. Government, which complement the other activities of the Building & Energy Solutions segment. The Companyâ€™s new segment, Other, is comprised of Air Serv.
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