Invenomic Capital Management LP Raises Holdings in ABM Industries Incorporated $ABM

Invenomic Capital Management LP grew its position in shares of ABM Industries Incorporated (NYSE:ABM) by 25.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 629,452 shares of the business services provider’s stock after purchasing an additional 129,614 shares during the quarter. ABM Industries accounts for 1.2% of Invenomic Capital Management LP’s holdings, making the stock its 22nd largest holding. Invenomic Capital Management LP’s holdings in ABM Industries were worth $26,626,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC lifted its position in shares of ABM Industries by 2.1% during 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 during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of ABM Industries by 4.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,506 shares of the business services provider’s stock valued at $300,000 after buying an additional 248 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in ABM Industries by 4.2% during the 3rd quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock worth $297,000 after purchasing an additional 259 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in ABM Industries by 2.4% during the 4th quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock worth $529,000 after purchasing an additional 289 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in ABM Industries by 0.4% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Price Performance

Shares of NYSE ABM opened at $43.45 on Thursday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.15 and a beta of 0.72. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The stock’s 50-day simple moving average is $40.58 and its two-hundred day simple moving average is $42.32. ABM Industries Incorporated has a twelve month low of $36.96 and a twelve month high of $50.12.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 EPS 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 the consensus estimate of $2.21 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. ABM Industries’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, equities analysts anticipate that ABM Industries Incorporated will post 3.96 EPS for the current fiscal year.

ABM Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. ABM Industries’s dividend payout ratio is 44.62%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ABM. Weiss Ratings cut ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Maxim Group raised 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. UBS Group dropped their price objective on ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Truist Financial dropped their price objective on ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Finally, Robert W. Baird increased their price objective on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. One 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, ABM Industries has an average rating of “Hold” and a consensus target price of $47.00.

Insider Activity at ABM Industries

In other news, CEO Scott B. Salmirs sold 50,000 shares of the stock in a transaction dated 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 directly 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 document filed 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.

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.