ABM Industries (NYSE:ABM) CEO Scott Salmirs Sells 50,000 Shares

ABM Industries Incorporated (NYSE:ABM) CEO Scott Salmirs sold 50,000 shares of ABM Industries stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the sale, the chief executive officer owned 395,285 shares in the company, valued at approximately $18,317,506.90. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ABM Industries Price Performance

Shares of NYSE ABM opened at $45.97 on Friday. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week high of $50.12. The firm’s 50-day simple moving average is $40.27 and its 200 day simple moving average is $42.30. The company has a quick ratio of 1.50, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.69 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.21 and a beta of 0.72.

ABM Industries (NYSE:ABM) last issued 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 net margin of 1.75% and a return on equity of 11.84%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. ABM Industries’s revenue for the quarter 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. Equities analysts expect that ABM Industries Incorporated will post 3.96 EPS for the current year.

ABM Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be given a $0.29 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.16 annualized dividend and a yield of 2.5%. ABM Industries’s payout ratio is 44.62%.

Hedge Funds Weigh In On ABM Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its stake in ABM Industries by 590.9% during 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 acquiring an additional 520 shares in the last quarter. Quarry LP grew its stake in ABM Industries by 667.0% during the 3rd 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. First Horizon Corp grew its stake in ABM Industries by 141.4% during the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 519 shares in the last quarter. Western Wealth Management LLC purchased a new position in ABM Industries during the 1st quarter valued at about $39,000. Finally, Covestor Ltd grew its stake in ABM Industries by 89.1% during the 4th quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 497 shares in the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Maxim Group upgraded shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, March 11th. UBS Group dropped their price target on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. Weiss Ratings cut shares of ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Robert W. Baird boosted their price target on shares of ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th. Finally, Truist Financial cut their price objective on ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $47.00.

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.