ABM Industries (NYSE:ABM) COO Rene Jacobsen Sells 31,034 Shares

ABM Industries Incorporated (NYSE:ABM) COO Rene Jacobsen sold 31,034 shares of ABM Industries 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 sale, the chief operating officer owned 51,714 shares of the company’s stock, valued at approximately $2,281,621.68. The trade was a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

ABM Industries Price Performance

ABM stock traded up $1.11 during midday trading on Thursday, reaching $45.09. The company had a trading volume of 405,482 shares, compared to its average volume of 641,472. The stock has a 50 day moving average price of $43.30 and a 200-day moving average price of $45.55. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 17.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.48 and a quick ratio of 1.48. ABM Industries Incorporated has a 1-year low of $40.00 and a 1-year high of $54.90.

ABM Industries (NYSE:ABM) last posted 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). ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue was up 5.4% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. Equities research analysts expect 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 is an increase from ABM Industries’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 2.6%. ABM Industries’s payout ratio is 44.79%.

Hedge Funds Weigh In On ABM Industries

A number of hedge funds and other institutional investors have recently modified their holdings of ABM. Hennion & Walsh Asset Management Inc. bought a new stake in ABM Industries during the fourth quarter worth $229,000. SG Americas Securities LLC grew its position in 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 valued at $1,601,000 after buying an additional 25,501 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in ABM Industries by 29.8% during the fourth 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 period. CIBC Private Wealth Group LLC increased its holdings in ABM Industries by 8.7% during the third quarter. CIBC Private Wealth Group LLC now owns 13,033 shares of the business services provider’s stock worth $601,000 after buying an additional 1,038 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in ABM Industries in the third quarter valued at about $305,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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