ABM Industries Incorporated (NYSE:ABM) Short Interest Down 30.9% in December

ABM Industries Incorporated (NYSE:ABM) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 1,749,420 shares, a decline of 30.9% from the December 15th total of 2,533,454 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily volume of 1,169,011 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 1,169,011 shares, the short-interest ratio is currently 1.5 days. Currently, 2.9% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ABM. Weiss Ratings reissued a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, October 8th. Wall Street Zen cut shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, UBS Group restated a “neutral” rating and issued a $51.00 price target (down previously from $55.00) on shares of ABM Industries in a research report on Thursday, December 18th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ABM Industries presently has an average rating of “Hold” and a consensus price target of $54.33.

ABM Industries Stock Up 0.5%

Shares of ABM traded up $0.23 during mid-day trading on Monday, hitting $45.27. 787,703 shares of the company’s stock were exchanged, compared to its average volume of 688,230. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.86. ABM Industries has a twelve month low of $40.00 and a twelve month high of $54.90. The firm has a fifty day moving average of $43.43 and a two-hundred day moving average of $45.50. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 17.48 and a beta of 0.75.

ABM Industries (NYSE:ABM) last released its earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.21). The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, sell-side analysts forecast that ABM Industries will post 3.71 earnings per share for the current year.

ABM Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, January 14th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, January 14th. This is a positive change from ABM Industries’s previous quarterly dividend of $0.27. ABM Industries’s dividend payout ratio is 44.79%.

Insider Buying and Selling

In other ABM Industries news, COO Rene Jacobsen sold 31,034 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total value of $1,369,220.08. Following the completion of the transaction, the chief operating officer owned 51,714 shares in the company, valued at approximately $2,281,621.68. This represents a 37.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On ABM Industries

Several hedge funds have recently added to or reduced their stakes in ABM. Nisa Investment Advisors LLC increased its holdings in ABM Industries by 36.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,639 shares of the business services provider’s stock worth $154,000 after purchasing an additional 973 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of ABM Industries during the fourth quarter worth about $229,000. SG Americas Securities LLC grew its holdings in shares of ABM Industries by 206.5% during the fourth quarter. SG Americas Securities LLC now owns 37,849 shares of the business services provider’s stock worth $1,601,000 after buying an additional 25,501 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in ABM Industries by 29.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,410 shares of the business services provider’s stock valued at $368,000 after buying an additional 1,930 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in ABM Industries by 8.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 13,033 shares of the business services provider’s stock valued at $601,000 after acquiring an additional 1,038 shares in the last quarter. Institutional investors own 91.62% of the company’s stock.

About ABM Industries

ABM Industries Incorporated is a leading provider of integrated facility services, offering a comprehensive suite of solutions designed to support the operation, maintenance and enhancement of commercial properties. The company’s core services include janitorial and custodial maintenance, HVAC and mechanical systems support, electrical and lighting solutions, and energy optimization. Additional offerings span parking management, security services, landscaping, and specialized support such as technical solutions and sustainability consulting.

Serving a diverse range of markets, ABM caters to clients in commercial real estate, aviation, healthcare, manufacturing, education, government entities, and technology campuses.