ABM Industries Inc (ABM) EVP & COO Rene Jacobsen Sells 5,563 Shares
ABM Industries Inc (NYSE:ABM), a leading provider of facility solutions, has reported an insider sale according to a recent SEC filing. Executive Vice President & Chief Operating Officer Rene Jacobsen sold 5,563 shares of the company on March 25, 2024.Rene Jacobsens transaction history over the past year shows a total of 18,245 shares sold and no shares purchased. This latest transaction continues the trend of insider sales at ABM Industries Inc, with a total of 7 insider sells and no insider buys over the past year.
On the date of the insider's recent sale, shares of ABM Industries Inc were trading at $43.59, giving the company a market capitalization of $2.768 billion. The price-earnings ratio of the company stands at 11.19, which is lower than the industry median of 17.795 and also below the company's historical median price-earnings ratio.ABM Industries Inc's stock appears to be modestly undervalued with a price-to-GF-Value ratio of 0.84, based on a GF Value of $52.08. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
The insider's recent sale may attract the attention of investors who track insider behaviors as an indicator of a company's future performance. However, it is important to consider a wide range of factors when evaluating the potential investment in any stock.
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.
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