SG Americas Securities LLC Acquires 25,501 Shares of ABM Industries Incorporated $ABM

SG Americas Securities LLC boosted its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 206.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,849 shares of the business services provider’s stock after buying an additional 25,501 shares during the quarter. SG Americas Securities LLC owned about 0.06% of ABM Industries worth $1,601,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in ABM Industries by 0.4% in the 1st quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock valued at $4,100,000 after buying an additional 312 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ABM Industries by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider’s stock worth $1,752,000 after acquiring an additional 984 shares during the last quarter. Millennium Management LLC boosted its holdings in ABM Industries by 2.2% during the first quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock valued at $3,767,000 after acquiring an additional 1,734 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of ABM Industries by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider’s stock valued at $8,527,000 after purchasing an additional 8,704 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of ABM Industries by 592.0% in the first quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock valued at $6,640,000 after purchasing an additional 119,942 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 value of $1,369,220.08. Following the completion of the transaction, the chief operating officer owned 51,714 shares of the company’s stock, valued at $2,281,621.68. This represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

ABM Industries Stock Performance

Shares of NYSE ABM opened at $38.54 on Tuesday. The business has a fifty day simple moving average of $42.47 and a 200 day simple moving average of $43.56. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 15.17 and a beta of 0.74. ABM Industries Incorporated has a one year low of $36.96 and a one year high of $52.94.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Sell-side analysts expect that ABM Industries Incorporated will post 3.71 EPS for the current year.

ABM Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, April 2nd. ABM Industries’s payout ratio is 45.67%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ABM shares. Wall Street Zen downgraded shares of ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Truist Financial reduced their price target on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, January 21st. Robert W. Baird dropped their price objective on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Finally, Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.25.

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.