Insider Selling: ABM Industries (NYSE:ABM) CEO Sells $2,317,000.00 in Stock

ABM Industries Incorporated (NYSE:ABM) CEO Scott Salmirs sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the transaction, the chief executive officer owned 395,285 shares in the company, valued at $18,317,506.90. The trade was a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ABM Industries Price Performance

Shares of ABM stock opened at $45.97 on Monday. ABM Industries Incorporated has a 1 year low of $36.96 and a 1 year high of $50.12. The firm’s 50 day moving average is $40.27 and its 200-day moving average is $42.30. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.20 and a beta of 0.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.04.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Sell-side analysts forecast that ABM Industries Incorporated will post 3.96 EPS for the current fiscal year.

ABM Industries Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, June 8th. UBS Group cut their price objective on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Maxim Group upgraded shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday, March 11th. Weiss Ratings lowered shares of ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Truist Financial cut their price objective on shares of 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 issued a Hold rating to the company. Based on data from MarketBeat.com, ABM Industries has an average rating of “Hold” and an average target price of $47.00.

Institutional Investors Weigh In On ABM Industries

Several hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA acquired a new stake in ABM Industries in the first quarter worth $222,000. Western Wealth Management LLC acquired a new stake in ABM Industries in the first quarter worth $39,000. Amundi raised its holdings in ABM Industries by 6.3% in the first quarter. Amundi now owns 12,855 shares of the business services provider’s stock worth $495,000 after purchasing an additional 758 shares during the period. California State Teachers Retirement System raised its holdings in ABM Industries by 25.4% in the first quarter. California State Teachers Retirement System now owns 72,557 shares of the business services provider’s stock worth $2,795,000 after purchasing an additional 14,699 shares during the period. Finally, Royal Bank of Canada raised its holdings in ABM Industries by 8.6% in the first quarter. Royal Bank of Canada now owns 40,723 shares of the business services provider’s stock worth $1,568,000 after purchasing an additional 3,220 shares during the period. 91.62% of the stock is currently owned by institutional investors and hedge funds.

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.