ABM Industries Incorporated (NYSE:ABM) Short Interest Update

by · The Cerbat Gem

ABM Industries Incorporated (NYSE:ABMGet Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,752,364 shares, a drop of 21.6% from the March 15th total of 2,236,353 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 814,026 shares, the short-interest ratio is currently 2.2 days.

ABM Industries Stock Down 0.7%

ABM stock traded down $0.27 during midday trading on Thursday, hitting $39.46. The company’s stock had a trading volume of 293,347 shares, compared to its average volume of 614,587. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. ABM Industries has a 52-week low of $36.96 and a 52-week high of $52.94. The firm has a market capitalization of $2.31 billion, a P/E ratio of 15.53 and a beta of 0.74. The firm has a 50-day simple moving average of $41.55 and a 200-day simple moving average of $43.27.

ABM Industries (NYSE:ABMGet Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, equities analysts forecast that ABM Industries will post 3.71 EPS for the current year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.16 annualized dividend and a yield of 2.9%. ABM Industries’s dividend payout ratio is 45.67%.

Wall Street Analysts Forecast Growth

ABM has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, January 21st. Truist Financial lowered their price target on ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Robert W. Baird dropped their price objective on ABM Industries from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. UBS Group cut their price objective on ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Finally, Maxim Group upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.25.

View Our Latest Stock Analysis on ABM Industries

Institutional Investors Weigh In On ABM Industries

Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew its position in shares of 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 worth $28,000 after buying an additional 520 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 buying an additional 519 shares during the period. Quarry LP raised its holdings in 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 in the last quarter. Covestor Ltd lifted its stake in ABM Industries by 89.1% in the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock worth $45,000 after acquiring an additional 497 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in ABM Industries in the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

About ABM Industries

(Get Free Report)

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.

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