Earl Ellis, the Executive Vice President and Chief Financial Officer of ABM Industries Inc (ABM, Financial), executed a sale of 40,000 shares of the company on October 14, 2024. The transaction was filed with the SEC and details that the shares were sold at a price of $53.96 per share. Following this transaction, the insider now owns 45,260 shares of the company.
ABM Industries Inc, a leading provider of facility solutions, has seen a variety of insider transactions over the past year. Notably, there have been zero insider purchases and 11 insider sales during this period. The insider transaction history reflects a predominant selling trend among the insiders.
The stock of ABM Industries Inc was trading at $53.96 on the day of the sale, giving the company a market cap of approximately $3.38 billion. The price-earnings ratio of the company stands at 22.26, which is above both the industry median of 18.59 and the historical median for the company.
According to the GF Value, the intrinsic value of ABM Industries Inc is estimated at $51.42 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.05. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This recent sale by Earl Ellis aligns with the broader insider selling trend at ABM Industries Inc, potentially indicating a consensus among insiders about the stock's valuation relative to its current trading price.
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.
