Dean A. Chin, serving as Senior Vice President and Chief Accounting Officer for ABM Industries Inc. (NASDAQ: ABM), completed a transaction involving the sale of 3,958 shares of the company's common stock on July 13, 2026. The total value of the divestment reached $179,346. The shares were liquidated at prices ranging from $45.30 to $45.36, resulting in a weighted average sale price of $45.3123 per share.
Following this transaction, Chin's direct ownership of ABM common stock stands at 16,993 shares. This holding includes shares acquired through the company's dividend reinvestment programs. The sale occurs while ABM stock trades at $45.42, which is near the price point of the executed transaction.
According to analysis from InvestingPro, the stock appears undervalued with a calculated Fair Value of $53.34. This valuation places ABM among the opportunities listed as Most Undervalued. The company maintains a P/E ratio of 17.48 and a PEG ratio of 0.15. InvestingPro subscribers have access to additional insights on ABM, including details on the company's 56-year dividend payment streak.
In other recent developments, ABM Industries reported a strong second quarter for fiscal 2026. Revenue reached $2.3 billion, surpassing the forecast of $2.22 billion. Although earnings per share (EPS) was slightly below the forecast at $0.73, the adjusted EPS of $0.90 exceeded expectations, demonstrating operational strength.
Additionally, ABM announced a multi-year agreement with the Atlanta Braves to provide janitorial services at Truist Park. This contract marks ABM's 10th Major League Baseball team partnership and its first sports and entertainment client in Atlanta.
Meanwhile, Aben Gold Corp. closed a non-brokered private placement, raising C$1,334,000. The company issued 6,670,000 units at C$0.20 per unit, each consisting of one flow-through common share and one-half of one transferable warrant. Each whole warrant allows the holder to purchase one non-flow-through common share at C$0.30 for two years, subject to accelerated expiry provisions.
These recent developments highlight significant financial and strategic movements for both ABM Industries and Aben Gold Corp.