SG Americas Securities LLC Takes Position in ABM Industries Incorporated $ABM

SG Americas Securities LLC bought a new position in shares of ABM Industries Incorporated (NYSE:ABM) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,348 shares of the business services provider’s stock, valued at approximately $569,000.

A number of other hedge funds also recently added to or reduced their stakes in ABM. Y Intercept Hong Kong Ltd purchased a new stake in shares of ABM Industries during the second quarter worth approximately $913,000. American Century Companies Inc. lifted its stake in ABM Industries by 1.5% in the second quarter. American Century Companies Inc. now owns 1,615,135 shares of the business services provider’s stock worth $76,251,000 after acquiring an additional 24,638 shares during the last quarter. Prudential Financial Inc. grew its holdings in ABM Industries by 7.0% during the 2nd quarter. Prudential Financial Inc. now owns 270,666 shares of the business services provider’s stock worth $12,778,000 after acquiring an additional 17,755 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in ABM Industries during the 2nd quarter worth approximately $613,000. Finally, Intech Investment Management LLC increased its position in shares of ABM Industries by 11.2% in the 2nd quarter. Intech Investment Management LLC now owns 72,308 shares of the business services provider’s stock valued at $3,414,000 after purchasing an additional 7,268 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

ABM Industries Stock Performance

Shares of ABM stock opened at $45.35 on Friday. The stock’s 50-day moving average is $43.76 and its two-hundred day moving average is $45.45. 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 Incorporated has a 1 year low of $40.00 and a 1 year high of $54.90. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 17.51 and a beta of 0.75.

ABM Industries (NYSE:ABM) last announced its earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share (EPS) 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 analyst estimates of $2.28 billion. ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. Analysts predict that ABM Industries Incorporated will post 3.71 earnings per share for the current year.

ABM Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Wednesday, January 14th will be given a $0.29 dividend. This is a positive change from ABM Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, January 14th. This represents a $1.16 annualized dividend and a yield of 2.6%. ABM Industries’s payout ratio is currently 44.79%.

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 31,034 shares of the firm’s 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 directly owned 51,714 shares of the company’s stock, valued at approximately $2,281,621.68. This trade represents a 37.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ABM shares. Wall Street Zen cut shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ABM Industries in a report on Wednesday. Truist Financial reaffirmed a “hold” rating and set a $47.00 price objective (down from $58.00) on shares of ABM Industries in a research report on Wednesday. Finally, UBS Group reissued a “neutral” rating and set a $51.00 target price (down previously from $55.00) on shares of ABM Industries in a research report on Thursday, December 18th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ABM Industries presently has a consensus rating of “Hold” and an average target price of $50.67.

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.