ABM Industries Incorporated $ABM Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in ABM Industries Incorporated (NYSE:ABM) by 73.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,142 shares of the business services provider’s stock after selling 27,707 shares during the quarter. SG Americas Securities LLC’s holdings in ABM Industries were worth $391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its holdings in ABM Industries by 590.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 520 shares in the last quarter. Quarry LP increased its stake in shares of ABM Industries by 667.0% during the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after purchasing an additional 767 shares in the last quarter. First Horizon Corp increased its stake in shares of ABM Industries by 141.4% during the fourth quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock worth $37,000 after purchasing an additional 519 shares in the last quarter. Covestor Ltd raised its position in shares of ABM Industries by 89.1% during the 4th quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock worth $45,000 after purchasing an additional 497 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of ABM Industries during the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ABM. Weiss Ratings upgraded ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Robert W. Baird increased their target price on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, ABM Industries presently has a consensus rating of “Hold” and an average target price of $47.00.

Insider Transactions at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the completion of the sale, the chief executive officer directly owned 395,285 shares in the company, valued at approximately $18,317,506.90. This trade represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

ABM Industries Stock Performance

Shares of ABM Industries stock opened at $44.49 on Friday. The business’s 50 day moving average price is $42.08 and its 200 day moving average price is $42.28. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.16 and a beta of 0.70. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. ABM Industries Incorporated has a one year low of $36.96 and a one year high of $50.12.

ABM Industries (NYSE:ABM) last issued its earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, research analysts predict that ABM Industries Incorporated will post 3.97 EPS for the current year.

ABM Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.6%. ABM Industries’s dividend payout ratio is currently 44.62%.

ABM Industries 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.