On July 15, 2024, Rene Jacobsen, Executive Vice President and Chief Operating Officer of ABM Industries Inc (ABM, Financial), sold 40,000 shares of the company at a price of $51.67 per share. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 72,062 shares of ABM Industries Inc.
ABM Industries Inc is a leading provider of facility solutions with revenues of approximately $6.5 billion and over 140,000 employees in 350+ offices deployed throughout the United States and various international locations. ABM’s comprehensive capabilities include janitorial, electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, landscape & turf, mission critical solutions, and parking, provided through stand-alone or integrated solutions.
Over the past year, Rene Jacobsen has sold a total of 58,245 shares and has not purchased any shares. This recent transaction follows a pattern observed over the past year, where there have been 10 insider sells and no insider buys at ABM Industries Inc.
The stock of ABM Industries Inc was trading at $51.67 on the day of the sale, giving the company a market cap of $3.322 billion. The price-earnings ratio of the company stands at 13.86, which is lower than the industry median of 17.72 and also below the company’s historical median.
According to the GF Value, the intrinsic value of ABM Industries Inc is estimated at $50.62, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.02.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company’s past performance and estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance or stock valuation adjustments. The transaction details and the company’s valuation metrics provide a snapshot of ABM Industries Inc’s current financial position and market perception.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
