ABM Industries Incorporated $ABM Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in ABM Industries Incorporated (NYSE:ABM) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 725,003 shares of the business services provider’s stock after selling 86,401 shares during the quarter. JPMorgan Chase & Co.’s holdings in ABM Industries were worth $33,437,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Federated Hermes Inc. raised its holdings in shares of ABM Industries by 34.7% in the 3rd quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 319 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings 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 buying an additional 246 shares during the last quarter. Headlands Technologies LLC acquired a new stake in ABM Industries in the second quarter valued at $94,000. CWM LLC raised its stake in ABM Industries by 34.2% in the third quarter. CWM LLC now owns 2,420 shares of the business services provider’s stock valued at $112,000 after buying an additional 617 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in ABM Industries by 204.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the business services provider’s stock worth $123,000 after buying an additional 1,789 shares during the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ABM Industries

In other news, COO Rene Jacobsen sold 31,034 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer owned 51,714 shares in the company, valued at approximately $2,281,621.68. This represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company’s stock.

ABM Industries Trading Down 0.7%

NYSE:ABM opened at $44.47 on Friday. The company has a market capitalization of $2.61 billion, a PE ratio of 17.17 and a beta of 0.75. ABM Industries Incorporated has a 52-week low of $40.00 and a 52-week high of $54.90. The stock’s 50 day moving average price is $44.60 and its 200 day moving average price is $45.07. 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 (NYSE:ABM) last issued 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 firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.28 billion. ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. ABM Industries’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, research analysts anticipate that ABM Industries Incorporated will post 3.71 EPS for the current year.

ABM Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Wednesday, January 14th were paid a $0.29 dividend. This is a boost from ABM Industries’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, January 14th. ABM Industries’s dividend payout ratio (DPR) is presently 44.79%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ABM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, January 21st. Truist Financial reaffirmed a “hold” rating and issued a $47.00 price target (down from $58.00) on shares of ABM Industries in a report on Wednesday, January 21st. Wall Street Zen lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, UBS Group reissued a “neutral” rating and set a $51.00 price objective (down from $55.00) on shares of ABM Industries in a report on Thursday, December 18th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ABM Industries presently has a consensus rating of “Hold” and an average target price of $50.67.

ABM Industries 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.