Latest news with #Wittman
Yahoo
10 hours ago
- Business
- Yahoo
Why ABM Industries Topped the Market Today
Not one, but two analysts upgraded their recommendations on the company. Both now believe investors should buy its shares. 10 stocks we like better than Abm Industries › ABM Industries (NYSE: ABM) stock kicked off the trading week on a high note Monday, closing more than 3.5% higher in price following two recommendation upgrades from analysts tracking the stock. That performance was more than good enough to eclipse the bellwether S&P 500 index, which essentially flatlined that day. Those pundit updates came one business day after ABM released its second quarter of fiscal 2025 earnings report. The company notched a minor beat on the consensus analyst estimate for revenue but missed slightly on that for profitability. Investors didn't greet this development warmly, and their immediate reaction as a group was to trade out of ABM's shares. The situation flipped on Monday, however, as the pair of pundits published new takes on the stock before market open. The first upgrade came from Baird's Andrew Wittman. He upgraded his recommendation on ABM to outperform (i.e., buy) from the previous neutral at a price target of $56 per share. According to reports, Wittman feels the sell-off was unjustified and leaves the stock attractively priced, especially since the company has been effective at securing new work. His peer Joshua Chan at UBS also became notably more bullish on ABM with a recommendation change to buy from neutral (in his case, tagging the stock with a $50 per share price target). According to reports, Chan was particularly encouraged by renewed growth in the company's core business and industry segment. Personally, I'd fall between those bearish investors selling off ABM stock Friday and the analysts upping their recommendations. Yes, the company has reported some encouraging developments of late, but it's neither a strongly growing business nor a high-yielding dividend payer. I'd probably look elsewhere for stocks with better potential. Before you buy stock in Abm Industries, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Abm Industries wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Abm Industries. The Motley Fool has a disclosure policy. Why ABM Industries Topped the Market Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Health
- Yahoo
Three local members of Congress call on Dr. Oz to fix nation's nursing homes
PORTSMOUTH, Va. (WAVY) — A picture that captures a wedding party also captures a father wrapped in love. He spent his last days with family members who altered their lives to care for him at home. In health and in sickness, my mother would often sing, 'Give me my flowers while I'm living.' She died at home surrounded by her children. Another photo captures that last touch, COVID-19 style, as a son prepared to say goodbye for the last time to his mother, who had a vibrant lifestyle at a local facility. In sharp contrast, how loved ones spend their last days in Medicare and Medicaid supported facilities is top of mind for local members of Congress. Rep. Rob Wittman, who represents voters in Virginia's first congressional district, said he went through this with his parents. 'My parents were in these sorts of these facilities in the same area in Central Virginia,' Wittman said. 'We experienced those things as a family. My parents experienced those things with their parents.' Wittman is looking into a facility in Chesterfield County, where there were not only complaints of poor conditions, but also, 16 employees were arrested late last year on allegations of elder abuse. 'I've seen these issues where, at the time, we were concerned,' Wittman said. 'So when I hear about this again, it really hits home for us because I have experienced it and seen that when things aren't done properly at these nursing homes, the patients there suffer. And not only do the patients suffer, but the families do too.' Wittman, along with Democratic Sens. Tim Kaine and Mark Warner, are calling on Dr. Mehmet Oz, president Trump's new point man on Medicare and Medicaid to not only look into how Medicare and Medicaid are spending tax dollars, but also how our loved ones are spending the last days, their last hours and their last minutes. A 2024 report from the Department of Health and Human Services showed, in one scheme, skilled nursing facilities overbilled the government by $1.7 million. Other crimes involve multi-million-dollar fraud schemes. 'And that's a deep concern,' Wittman said. 'So we're going to continue to shine a light on this, continue to focus on this. And I'm so glad to have Sen. Warner, Sen. Kaine, as part of our efforts to get this done.' april_2025_cms_letter_re_colonial_heights_rehabilitation_and_nursing_center_Download Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
02-05-2025
- Politics
- Yahoo
A battle of the Bay breaks out in Washington
PORTSMOUTH, Va. (WAVY) — From Tangier Island to the Lynnhaven River, those who have worked for decades to save the Chesapeake Bay are trying to put the brakes on President Trump's executive order that forces five agencies, including the Environmental Protection Agency, to set expiration dates on a wide range of regulations that reduce pollution. The president calls the order a plan to 'unleash American Energy.' Rep. Rob Wittman calls it a threat to the entire Chesapeake Bay watershed. As Chesapeake Bay mends from pollution, new order could rip open decades-old wound 'Well, I talked just yesterday with the EPA administrator Lee Zeldin, who was a member of Congress,' Wittman said. 'So Lee and I have a great relationship, and I've talked to him specifically about the importance of protecting the Chesapeake Bay. The Chesapeake Bay program is administered by the EPA, and it is truly a federal function because the Chesapeake Bay is an interstate water body, and it's clear the Constitution says the federal role is in the interstate realm. Newport News mayor Phillip Jones responds following Trump anti-DEI policy taking aim at environmental justice Before Trump signed the executive order, Wittman and other members of Congress who represent the Bay region introduced the Chesapeake Bay Conservation Acceleration Act. Now he's doubling back with the Administration. 'The only way that we're able to get Maryland and and the other Bay states to do their part, to do what's necessary under the federal law, is to have a federal function there,' Wittman said. Bay advocates and others are watching what happens on 83,000 Bay-area farms that could release nutrients that damage the Bay ecosystem. Wittman, who is a former field director for the Virginia Department of Health's Division of Shellfish Sanitation, said progress is seen on dinner plates. 'And when it does, we see the impact on natural resources … populations of fish, crabs, and oysters continue to recover, and what a great success story,' Wittman said. 'I mean, you look at what's happening in the region. Some of the best success stories are places like the Lynnhaven Project, where the Lynnhaven River has been recovered through incredible efforts from folks in neighborhoods, the city of Virginia Beach, the Commonwealth of Virginia, and even the federal government.' Oyster reef under construction on the Lynnhaven River In an update Thursday afternoon, Wittman provided a statement on the Bay proposal. 'Since its introduction in March, my bipartisan has been assigned to the House Agriculture Committee,' Wittman said. 'I'm continuing to work with my Virginia delegation colleagues and other members of the Chesapeake Bay Watershed Task Force to ensure the House Agriculture Committee includes key provisions of this bill — aimed at supporting conservation efforts on farms in the Bay watershed — are included in a final Farm Bill package.' In the Senate, Democrats including Mark Warner and Tim Kaine introduced a similar bill. Kaine said protecting the Bay is crucial to protecting tourism jobs, farmers and our local seafood industries. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-04-2025
- Politics
- Yahoo
Wittman constituents host town hall in his absence to address immigration, federal funding concerns
Residents of Virginia's 1st Congressional District shared concerns about the Trump administration's aggressive immigration reforms and federal funding cuts at an April 26 town hall where their congressional representative, Rob Wittman, R-Westmoreland, wasn't present. (Ian Stewart/Virginia Mercury) Roughly 150 people jammed a meeting room at the Twin Hickory Public Library in Henrico County Saturday, demanding U.S. Rep. Rob Wittman, R-Westmoreland, oppose sweeping federal spending cuts and immigration measures stemming from President Donald Trump's administration. The event highlighted the scrutiny Wittman and other Virginia congressional representatives have faced for how they engage with people in their districts. Wittman, who declined an invitation to the event, was represented by an empty chair at the front of the room. Many who spoke about their concerns addressed their comments to the chair. Attendee Ericka Kopp pulled out a copy of the Constitution and read parts of the Fifth and Sixth Amendments that addressed her concerns about the Trump administration's aggressive immigration reform policies. Wittman, who has represented Virginia's 1st Congressional District since 2007, supported executive orders Trump issued in January cracking down on illegal immigration to the United States and expanding federal agencies' authority to identify and expel undocumented immigrants from the country. Wittman and other supporters framed the orders as a way to halt drugs and dangerous criminals from entering the country, while detractors said the policies unfairly target immigrants, limit due process and pull families apart. Kopp said parts of the text do not refer to 'citizens of this nation' but instead to 'all people' as having a right to a fair trial for crimes, who can't have their 'life, liberty or property' deprived without due process of law. 'Amendment Six, 'the accused shall enjoy,' again, not citizens – all 'people,'' she said. 'So Representative Wittman, I ask that you read the Constitution and apply it accordingly.' Vietnam veteran Jim Kutz voiced his concerns about the administration's recent arrest of a circuit court judge who was accused of helping a man evade immigration authorities. He addressed his question to the entire room. 'What other leader arrested judges?' he asked. 'Hitler, Mussolini and other dictators arrested judges. I think we are all very concerned about the rule of law.' In pointed remarks directed at Wittman, Kutz said, 'We want you to speak up on the floor and introduce resolutions supporting the rule of law and speak out about the appalling things that are happening in the White House.' The event, dubbed 'Where's Wittman? A Town Hall In Absentia for Virginia's First Congressional District,' was put on by Democracy Circle RVA, a group who started meeting after Trump's second inauguration, said organizer Jenny Pribble. 'We're a group of friends and neighbors, a loose-knit organization,' she said. 'A lot of us have experience in political organizing, but decided this time we wanted to be engaged very locally with our immediate neighbors. I think what unites us is a real concern about attacks on rule of law, attacks on democratic institutions, and challenges now with due process.' The group also contrasted the administration's action with the Fourteenth Amendment, which identifies American citizens as 'all persons born or naturalized in the United States, and subject to the jurisdiction thereof,' and declares that states shouldn't deny 'any person' due process of law and 'equal protection of the laws.' 'His job is to represent his constituents, and his constituents are showing up, and they would like him to listen,' said Pribble. In an email to the Virginia Mercury ahead of Saturday's town hall, Wittman's communications director Julianne Heberlein said the congressman wasn't planning on attending the event because it wasn't organized by his office and because he was 'already committed to several other events in the district that day.' Wittman also directly addressed the town hall organizers in the email, defending his record of engaging with constituents and tackling important issues. 'I've consistently hosted live telephone town halls, and I'm proud that my most recent one reached approximately 9,000 constituents,' he wrote. 'We covered a range of topics — from Social Security and veterans' issues to the economy — and I always welcome tough questions, even from those who disagree with me.' On March 26, Wittman held a telephone town hall via Facebook that his office says drew 9000 people. The video on Facebook has since been removed. Callers had to register on Wittman's website in order to be a part of the conversation. According to Heberlein, Wittman has hosted from three to seven telephone town halls per year since about 2009. Wittman said the telephone town halls allow him to connect to thousands of residents in the district, which spans from parts of Henrico, Hanover and Chesterfield Counties in Central Virginia to parts of the Northern Neck and Middle Peninsula. There are over 471,000 registered voters in the district, according to the Virginia Public Access Project. Though he values meeting with people in person, Wittman said, he encourages people to sign up on his website for the next telephone town hall. Democracy Circle RVA did meet with Wittman on March 14, where they hand delivered an invitation signed by 79 people. 'When we met with Rob Whitman in person, we discussed a range of issues, and on a number of issues he seemed to agree with us,' said Pribble. 'But he insisted that he didn't have a lot of power to change things beyond voting for a budget or voting against a budget. But we know that Article I gives Congress a lot of powers of oversight, of investigation.' According to VoteSmart, a nonpartisan website compiling information on candidates and elected officials, Wittman's recent voting record shows he voted in favor of Safeguard American Voter Eligibility (SAVE) Act, a bill that requires individuals to provide documentary proof of U.S. citizenship when registering to vote in federal elections. He has also voted 'yea' to several measures designed to enhance security as the country's southern border. In his March video town hall, Wittman also supported sweeping federal spending cuts. 'We have $1.7 trillion of a deficit this year, and $36 trillion of debt for the nation,' Wittman said. 'That's on the backs of our children and our children's children,' the Daily Press reported. Pribble said the town hall, where state Sen. Schuyler VanValkenburg, D-Henrico, was also in attendance, was recorded and will be shared with Whittman's office. 'He needs to hear from his constituents about how this moment is shaping families' lives. We have a lot of federal workers in this district. They've been hit hard, and I think Whitman needs to show up and hear from us,' said Pribble. SUPPORT: YOU MAKE OUR WORK POSSIBLE
Axios
24-04-2025
- Politics
- Axios
Henrico voters will hold a Rep. Wittman town hall — sans Wittman
A group of Henrico County constituents says U.S. Rep. Rob Wittman won't hold an in-person town hall, so they're putting one on for him. Why it matters: Wittman will not be there; the Republican congressman declined the invitation, organizers tell Axios. But the constituents hope Saturday's " in-absentia town hall" can be a venue to have their voices heard. "Even if our representative isn't in the room, we believe our concerns deserve to be," organizers said in a statement. The big picture: Early last month, GOP leadership urged House Republicans to stop doing in-person town halls and instead host tele-town halls, Axios' Andrew Solender reported. The switch was because the in-person events were being "hijacked" by Democratic activists and liberal groups trying to bait lawmakers into confrontational moments, sources told Solender. Since then, most GOP lawmakers have complied as Democrats and other groups have stepped in to host their own out-of-district or " empty chair" town halls. How it works: These in-absentia events are generally held without elected officials from either party, but they still draw hundreds of attendees, who direct their questions, concerns and ire to an empty chair, The Independent reports. In some cases, the town halls have featured a photo of the absent lawmaker propped atop an empty chair. Zoom in: Saturday's " in-absentia town hall" is being held by Democracy Circle RVA, which describes itself as a "group of Henrico/Richmond friends and neighbors who are worried about attacks on our democratic institutions," organizer Jenny Pribble tells Axios. The event is for residents of Wittman's district, Virginia's 1st Congressional District, which includes parts of Henrico and Chesterfield. Residents, Pribble says, want to discuss their concerns about the country's leadership and the state of the nation, with each other and their congressman. Last month, the group met with Wittman and hand-delivered a letter signed by 79 of his constituents asking for an in-person town hall. Wittman declined, but the group decided to host the event anyway. The group plans to record it and deliver the recording to Wittman. What they're saying:"Congressman Wittman recently held a live telephone town hall that reached over 9,000 constituents. Anyone who tuned in could see he was willing to answer tough questions — even from those who disagree with him," a Wittman spokesperson said in a statement to Axios. Wittman has also hosted in-person roundtables and other events for "face-to-face interaction with constituents," the spokesperson added.
