ABM Industries Incorporated (NYSE:ABM) Short Interest Up 34.0% in January
by Amy Steele · The Cerbat GemABM Industries Incorporated (NYSE:ABM – Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 2,343,783 shares, a growth of 34.0% from the December 31st total of 1,749,420 shares. Based on an average trading volume of 679,560 shares, the short-interest ratio is currently 3.4 days. Approximately 3.9% of the shares of the company are sold short. Approximately 3.9% of the shares of the company are sold short. Based on an average trading volume of 679,560 shares, the short-interest ratio is currently 3.4 days.
Insider Buying and Selling at ABM Industries
In other news, COO Rene Jacobsen sold 31,034 shares of ABM Industries stock in a transaction 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 transaction, the chief operating officer owned 51,714 shares in the company, valued at $2,281,621.68. This trade represents a 37.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On ABM Industries
Several institutional investors have recently bought and sold shares of ABM. Parkside Financial Bank & Trust increased its holdings in ABM Industries by 18.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,612 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 246 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of ABM Industries by 2.3% in the third quarter. Cornerstone Wealth Management LLC now owns 11,022 shares of the business services provider’s stock worth $508,000 after purchasing an additional 247 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of ABM Industries by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 6,506 shares of the business services provider’s stock worth $300,000 after purchasing an additional 248 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of ABM Industries by 4.2% in the third quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock worth $297,000 after buying an additional 259 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in ABM Industries by 1.4% during the third quarter. Arizona State Retirement System now owns 18,422 shares of the business services provider’s stock valued at $850,000 after buying an additional 260 shares during the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.
ABM Industries Price Performance
Shares of ABM Industries stock traded up $0.24 during trading hours on Friday, hitting $46.01. The company’s stock had a trading volume of 697,800 shares, compared to its average volume of 673,503. The business has a 50 day moving average price of $44.21 and a two-hundred day moving average price of $45.32. ABM Industries has a 12-month low of $40.00 and a 12-month high of $54.90. The company has a market cap of $2.77 billion, a PE ratio of 17.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.48 and a current ratio of 1.48.
ABM Industries (NYSE:ABM – Get Free Report) last released its 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). The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. Analysts expect that ABM Industries will post 3.71 earnings per share for the current fiscal year.
ABM Industries Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, January 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. This is a boost from ABM Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, January 14th. ABM Industries’s payout ratio is presently 44.79%.
Analysts Set New Price Targets
ABM has been the topic of several analyst reports. Wall Street Zen downgraded ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. UBS Group reaffirmed 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, January 21st. Finally, Truist Financial reissued a “hold” rating and issued a $47.00 target price (down from $58.00) on shares of ABM Industries in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.67.
Check Out Our Latest Analysis on ABM
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.