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

JPMorgan Chase & Co. cut its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 10.6% during the third quarter, according to its most recent disclosure with the Securities and 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. owned about 1.18% of ABM Industries worth $33,437,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Federated Hermes Inc. increased its holdings in shares of ABM Industries by 34.7% in the third 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 during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of ABM Industries by 18.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,612 shares of the business services provider’s stock worth $76,000 after acquiring an additional 246 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of ABM Industries during the 2nd quarter worth $94,000. CWM LLC boosted its position in shares of ABM Industries by 34.2% during the 3rd quarter. CWM LLC now owns 2,420 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 617 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of 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 valued at $123,000 after acquiring an additional 1,789 shares during the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ABM Industries news, COO Rene Jacobsen sold 31,034 shares of the business’s stock in a transaction on 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 in the company, valued at $2,281,621.68. The trade was a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

ABM Industries Trading Down 0.7%

ABM opened at $44.47 on Friday. ABM Industries Incorporated has a 52 week low of $40.00 and a 52 week high of $54.90. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $44.60 and a 200-day simple moving average of $45.07. The firm has a market cap of $2.61 billion, a P/E ratio of 17.17 and a beta of 0.75.

ABM Industries (NYSE:ABM) last posted its earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.21). ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company posted $0.90 EPS. ABM Industries’s revenue was up 5.4% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, equities analysts expect that ABM Industries Incorporated will post 3.71 earnings per share for the current year.

ABM Industries Increases Dividend

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

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.