ABM Industries (NYSE:ABM) COO Sells $1,369,220.08 in Stock

ABM Industries Incorporated (NYSE:ABM) COO Rene Jacobsen sold 31,034 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer owned 51,714 shares of the company’s stock, valued at $2,281,621.68. This trade represents a 37.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ABM Industries Stock Up 2.5%

Shares of NYSE:ABM traded up $1.11 during midday trading on Thursday, reaching $45.09. 405,482 shares of the company were exchanged, compared to its average volume of 641,472. The firm has a market cap of $2.71 billion, a PE ratio of 17.42 and a beta of 0.75. 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 Incorporated has a fifty-two week low of $40.00 and a fifty-two week high of $54.90. The stock has a fifty day simple moving average of $43.30 and a two-hundred day simple moving average of $45.55.

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

ABM Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.6%. This is an increase from ABM Industries’s previous quarterly dividend of $0.27. ABM Industries’s dividend payout ratio (DPR) is 44.79%.

Institutional Trading of ABM Industries

Several hedge funds have recently added to or reduced their stakes in ABM. Caitong International Asset Management Co. Ltd grew its holdings in ABM Industries by 590.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after buying an additional 520 shares in the last quarter. Quarry LP boosted its position in shares of ABM Industries by 667.0% in the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 767 shares during the period. Federated Hermes Inc. grew its stake 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 valued at $57,000 after acquiring an additional 319 shares in the last quarter. Kiker Wealth Management LLC acquired a new position in shares of ABM Industries in the second quarter valued at about $61,000. Finally, Parkside Financial Bank & Trust increased its position in ABM Industries by 18.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,612 shares of the business services provider’s stock worth $76,000 after acquiring an additional 246 shares during the period. 91.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.