Key Points
- COO Rene Jacobsen sold 31,034 shares at an average price of $44.12 for a total of $1,369,220.08, reducing his ownership by 37.5% to 51,714 shares (≈ $2.28M).
- ABM missed quarterly EPS at $0.88 versus $1.09 expected, though revenue rose to $2.30B (beating estimates); the company set FY2026 guidance at $3.85–$4.15 EPS while analysts forecast about $3.71.
- ABM increased its quarterly dividend to $0.29 (from $0.27), an annualized $1.16 and roughly a 2.6% yield.
ABM Industries Incorporated (NYSE:ABM - Get Free Report) COO Rene Jacobsen sold 31,034 shares of the company's stock in a transaction that occurred 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 sale, the chief operating officer directly owned 51,714 shares in the company, valued at approximately $2,281,621.68. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
ABM Industries Stock Performance
Shares of ABM stock opened at $45.00 on Friday. The firm has a 50 day moving average of $43.36 and a two-hundred day moving average of $45.54. The stock has a market capitalization of $2.71 billion, a PE ratio of 17.37 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 Incorporated has a 52 week low of $40.00 and a 52 week high of $54.90.
ABM Industries (NYSE:ABM - Get Free Report) last posted its quarterly earnings data on Wednesday, December 17th. The business services provider reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.09 by ($0.21). The company 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 firm's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, research analysts predict that ABM Industries Incorporated will post 3.71 EPS for the current fiscal year.
ABM Industries Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, January 14th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.16 dividend on an annualized basis and a yield of 2.6%. This is an increase from ABM Industries's previous quarterly dividend of $0.27. ABM Industries's dividend payout ratio is 44.79%.
Hedge Funds Weigh In On ABM Industries
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised 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 worth $28,000 after purchasing an additional 520 shares in the last quarter. Quarry LP grew its position in shares of ABM Industries by 667.0% in the 3rd quarter. Quarry LP now owns 882 shares of the business services provider's stock valued at $41,000 after buying an additional 767 shares during the last quarter. Federated Hermes Inc. raised its stake in ABM Industries by 34.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider's stock worth $57,000 after acquiring an additional 319 shares in the last quarter. Kiker Wealth Management LLC acquired a new stake in ABM Industries during the 2nd quarter worth $61,000. Finally, Parkside Financial Bank & Trust lifted its position in 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 acquiring an additional 246 shares during the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of ABM Industries in a research report on Wednesday, October 8th. UBS Group reiterated a "neutral" rating and set a $51.00 price target (down previously from $55.00) on shares of ABM Industries in a report on Thursday, December 18th. Finally, Wall Street Zen downgraded shares of ABM Industries from a "buy" rating to a "hold" rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $54.33.
View Our Latest Stock Report on ABM Industries
ABM Industries Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
