ABM Industries Incorporated $ABM Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its position in ABM Industries Incorporated (NYSE:ABM) by 35.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,528 shares of the business services provider’s stock after selling 29,060 shares during the quarter. Citigroup Inc. owned approximately 0.09% of ABM Industries worth $2,423,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of ABM Industries by 18.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,612 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 246 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in ABM Industries by 2.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 11,022 shares of the business services provider’s stock worth $508,000 after purchasing an additional 247 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in ABM Industries by 4.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,506 shares of the business services provider’s stock worth $300,000 after purchasing an additional 248 shares in the last quarter. Arizona State Retirement System raised its holdings in ABM Industries by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 18,422 shares of the business services provider’s stock worth $850,000 after buying an additional 260 shares during the period. Finally, MQS Management LLC lifted its stake in ABM Industries by 6.0% during the third quarter. MQS Management LLC now owns 5,177 shares of the business services provider’s stock valued at $239,000 after buying an additional 292 shares in the last quarter. Institutional investors own 91.62% of the company’s stock.

ABM Industries Trading Down 0.9%

NYSE:ABM opened at $43.85 on Friday. The stock has a market cap of $2.57 billion, a PE ratio of 16.93 and a beta of 0.73. ABM Industries Incorporated has a fifty-two week low of $40.00 and a fifty-two week high of $54.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.48 and a quick ratio of 1.48. The stock’s 50-day moving average is $44.80 and its two-hundred day moving average is $44.89.

ABM Industries (NYSE:ABM) last posted its quarterly 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 company had revenue of $2.30 billion during 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%.ABM Industries’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. As a group, equities research analysts forecast that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Increases Dividend

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

Insider Buying and Selling at ABM Industries

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

Analyst Upgrades and Downgrades

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

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.