ABM Industries Incorporated (NYSE:ABM) Short Interest Down 30.9% in December

ABM Industries Incorporated (NYSE:ABM) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 1,749,420 shares, a decline 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 shares of the stock are short sold. Currently, 2.9% of the shares of the 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.

Insider Activity at ABM Industries

In related news, COO Rene Jacobsen sold 31,034 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was 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 directly owned 51,714 shares in the company, valued at $2,281,621.68. This represents a 37.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.90% of the company’s stock.

Institutional Trading of ABM Industries

Several institutional investors have recently modified their holdings of ABM. Nisa Investment Advisors LLC raised its position in ABM Industries by 36.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,639 shares of the business services provider’s stock worth $154,000 after purchasing an additional 973 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of ABM Industries during the fourth quarter worth about $229,000. SG Americas Securities LLC lifted its stake in shares of ABM Industries by 206.5% in the fourth quarter. SG Americas Securities LLC now owns 37,849 shares of the business services provider’s stock worth $1,601,000 after acquiring an additional 25,501 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of ABM Industries by 29.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,410 shares of the business services provider’s stock worth $368,000 after acquiring an additional 1,930 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in ABM Industries by 8.7% in the third quarter. CIBC Private Wealth Group LLC now owns 13,033 shares of the business services provider’s stock valued at $601,000 after acquiring an additional 1,038 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.

ABM Industries Trading Up 0.5%

Shares of ABM stock traded up $0.23 during mid-day trading on Friday, reaching $45.27. 787,703 shares of the stock traded hands, compared to its average volume of 688,230. The company has a market cap of $2.72 billion, a price-to-earnings 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. The stock’s fifty day simple moving average is $43.43 and its two-hundred day simple moving average is $45.52. ABM Industries has a 1-year low of $40.00 and a 1-year high of $54.90.

ABM Industries (NYSE:ABM) last released its quarterly earnings data 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 net margin of 1.86% and a return on equity of 11.96%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the company earned $0.90 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, research analysts anticipate that ABM Industries will post 3.71 EPS for the current fiscal 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%.

Analyst Ratings Changes

A number of research analysts have recently commented on ABM shares. Weiss Ratings reissued a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, October 8th. Wall Street Zen lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, UBS Group reissued a “neutral” rating and issued a $51.00 price objective (down previously from $55.00) on shares of ABM Industries in a research note on Thursday, December 18th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $54.33.

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.