ABM Industries Incorporated (NYSE:ABM) Short Interest Update

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

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 31,034 shares of the 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 sale, the chief operating officer directly owned 51,714 shares in the company, valued at $2,281,621.68. This represents a 37.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ABM Industries

Hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its position in shares of ABM Industries by 18.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,612 shares of the business services provider’s stock valued at $76,000 after buying an additional 246 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in ABM Industries by 2.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 11,022 shares of the business services provider’s stock valued at $508,000 after acquiring an additional 247 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in ABM Industries by 4.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,506 shares of the business services provider’s stock valued at $300,000 after acquiring an additional 248 shares in the last quarter. Mackenzie Financial Corp raised its position in ABM Industries by 4.2% during the third quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock worth $297,000 after acquiring an additional 259 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of ABM Industries by 1.4% in the third quarter. Arizona State Retirement System now owns 18,422 shares of the business services provider’s stock valued at $850,000 after purchasing an additional 260 shares in the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

ABM Industries Price Performance

Shares of ABM Industries stock traded up $0.23 during trading on Monday, reaching $45.27. The company’s stock had a trading volume of 787,703 shares, compared to its average volume of 688,230. The business has a 50 day moving average price of $43.43 and a 200-day moving average price of $45.50. ABM Industries has a 12-month low of $40.00 and a 12-month high of $54.90. The company has a market capitalization of $2.72 billion, a P/E ratio of 17.48 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 (NYSE:ABM) last issued its earnings results 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). ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. ABM Industries’s revenue for the quarter was up 5.4% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. As a group, sell-side analysts anticipate that ABM Industries will post 3.71 EPS for the current year.

ABM Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, January 14th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend 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 payout ratio is 44.79%.

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.