ABM Industries Incorporated (NYSE:ABM) Short Interest Up 34.0% in January

ABM Industries Incorporated (NYSE:ABM) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,343,783 shares, an increase of 34.0% from the December 31st total of 1,749,420 shares. Based on an average trading volume of 679,560 shares, the short-interest ratio is currently 3.4 days. Approximately 3.9% of the company’s stock are sold short. Approximately 3.9% of the company’s stock are sold short. Based on an average trading volume of 679,560 shares, the short-interest ratio is currently 3.4 days.

ABM Industries Stock Performance

Shares of NYSE:ABM traded up $0.24 during midday trading on Friday, reaching $46.01. 697,800 shares of the company’s stock traded hands, compared to its average volume of 673,503. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.48 and a current ratio of 1.48. ABM Industries has a one year low of $40.00 and a one year high of $54.90. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 17.77 and a beta of 0.75. The stock has a 50 day moving average of $44.21 and a 200 day moving average of $45.32.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Wednesday, December 17th. The business services provider reported $0.88 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.21). The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.ABM Industries’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. As a group, equities research analysts anticipate that ABM Industries will post 3.71 EPS for the current fiscal year.

ABM Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, January 14th will be issued a $0.29 dividend. This is an increase from ABM Industries’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, January 14th. ABM Industries’s dividend payout ratio is 44.79%.

Insider Buying and Selling

In related news, COO Rene Jacobsen sold 31,034 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the sale, the chief operating officer owned 51,714 shares of the company’s stock, valued at $2,281,621.68. The trade was a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by insiders.

Institutional Investors Weigh In On ABM Industries

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its holdings in shares of ABM Industries by 590.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock worth $28,000 after acquiring an additional 520 shares during the period. First Horizon Corp increased its position in shares of ABM Industries by 141.4% during the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 519 shares during the last quarter. Quarry LP increased its position in shares of ABM Industries by 667.0% during the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 767 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of ABM Industries in the 4th quarter worth approximately $46,000. Finally, Federated Hermes Inc. boosted its holdings in shares of ABM Industries by 34.7% in the third quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider’s stock worth $57,000 after buying an additional 319 shares during the last quarter. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ABM has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a research note on Wednesday, January 21st. Wall Street Zen downgraded ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. UBS Group restated a “neutral” rating and set a $51.00 price target (down from $55.00) on shares of ABM Industries in a report on Thursday, December 18th. Finally, Truist Financial reiterated a “hold” rating and issued a $47.00 price target (down previously from $58.00) on shares of ABM Industries in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $50.67.

ABM Industries Company Profile

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.