67,617 Shares in ABM Industries Incorporated $ABM Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of ABM Industries Incorporated (NYSE:ABM) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 67,617 shares of the business services provider’s stock, valued at approximately $3,011,000.

Several other hedge funds have also modified their holdings of ABM. Natixis Advisors LLC boosted its holdings in shares of ABM Industries by 2.1% in the 4th quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock valued at $474,000 after buying an additional 231 shares in the last quarter. Mackenzie Financial Corp lifted its position in ABM Industries by 4.2% during the third quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 259 shares during the last quarter. Naples Global Advisors LLC boosted its stake in ABM Industries by 2.4% in the fourth quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock valued at $529,000 after acquiring an additional 289 shares in the last quarter. Royal Bank of Canada grew its holdings in ABM Industries by 0.4% in the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock worth $4,100,000 after purchasing an additional 312 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in ABM Industries by 3.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 10,822 shares of the business services provider’s stock worth $458,000 after purchasing an additional 320 shares during the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on ABM shares. Robert W. Baird increased their price objective on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, June 8th. Weiss Ratings raised ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.00.

Insiders Place Their Bets

In related news, CEO Scott B. Salmirs sold 50,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.34, for a total value of $2,317,000.00. Following the transaction, the chief executive officer owned 395,285 shares in the company, valued at approximately $18,317,506.90. This represents a 11.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company’s stock.

ABM Industries Trading Up 0.2%

NYSE:ABM opened at $47.24 on Friday. The company has a market capitalization of $2.77 billion, a P/E ratio of 18.17, a PEG ratio of 1.24 and a beta of 0.69. 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 Incorporated has a 12 month low of $36.96 and a 12 month high of $50.12. The firm has a fifty day simple moving average of $46.72 and a 200-day simple moving average of $43.09.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results 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). The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, equities research analysts anticipate that ABM Industries Incorporated will post 3.97 earnings per share for the current year.

ABM Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 2nd were given a $0.29 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.5%. ABM Industries’s dividend payout ratio is currently 44.62%.

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.