ABM Industries (NYSE:ABM) CEO Sells $2,317,000.00 in Stock

ABM Industries Incorporated (NYSE:ABM) CEO Scott Salmirs sold 50,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.34, for a total value of $2,317,000.00. Following the completion of the sale, the chief executive officer owned 395,285 shares of the company’s stock, valued at $18,317,506.90. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ABM Industries Stock Down 0.4%

Shares of ABM traded down $0.20 during midday trading on Friday, reaching $45.97. 1,041,899 shares of the stock were exchanged, compared to its average volume of 585,555. The company has a market capitalization of $2.69 billion, a P/E ratio of 17.68, a PEG ratio of 1.18 and a beta of 0.72. The company has a current ratio of 1.46, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04. ABM Industries Incorporated has a 52 week low of $36.96 and a 52 week high of $50.12. The company’s 50 day moving average is $40.12 and its two-hundred day moving average is $42.28.

ABM Industries (NYSE:ABM) last released its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the company earned $0.86 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, sell-side analysts anticipate that ABM Industries Incorporated will post 3.96 earnings per share for the current year.

ABM Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.5%. ABM Industries’s dividend payout ratio (DPR) is currently 44.62%.

Institutional Trading of ABM Industries

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of ABM Industries by 590.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after buying an additional 520 shares in the last quarter. Quarry LP boosted its holdings 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 in the last quarter. First Horizon Corp boosted its holdings in shares of ABM Industries by 141.4% in the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after buying an additional 519 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of ABM Industries in the 1st quarter valued at about $39,000. Finally, Covestor Ltd boosted its holdings in shares of ABM Industries by 89.1% in the 4th quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after buying an additional 497 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on ABM shares. UBS Group reduced their price objective on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Maxim Group raised ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, March 11th. Truist Financial cut their price target on ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Robert W. Baird lifted their price target on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Monday. Finally, Weiss Ratings downgraded ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.00.

ABM Industries Company Profile

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.