Gabelli Funds LLC Increases Stock Holdings in ABM Industries Incorporated $ABM

Gabelli Funds LLC boosted its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 11.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,202 shares of the business services provider’s stock after buying an additional 14,149 shares during the period. Gabelli Funds LLC owned approximately 0.24% of ABM Industries worth $5,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ABM. Caitong International Asset Management Co. Ltd grew its stake in shares of ABM Industries by 590.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock worth $28,000 after acquiring an additional 520 shares during the last quarter. First Horizon Corp raised its position in shares of ABM Industries by 141.4% in the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 519 shares during the last quarter. Quarry LP raised its position in shares of ABM Industries by 667.0% in the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 767 shares during the last quarter. Covestor Ltd boosted its stake in ABM Industries by 89.1% in the 4th quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock worth $45,000 after purchasing an additional 497 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in ABM Industries in the 4th quarter worth approximately $46,000. 91.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on ABM. Robert W. Baird boosted their target price on shares of ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th. Weiss Ratings raised shares of ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, ABM Industries has a consensus rating of “Hold” and a consensus target price of $47.00.

Insider Transactions at ABM Industries

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of ABM Industries stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the completion of the sale, the chief executive officer directly owned 395,285 shares in the company, valued at approximately $18,317,506.90. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

ABM Industries Stock Up 1.7%

ABM Industries stock opened at $48.52 on Tuesday. The business’s 50-day simple moving average is $43.74 and its two-hundred day simple moving average is $42.64. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $2.84 billion, a PE ratio of 18.66, a PEG ratio of 1.25 and a beta of 0.70. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Equities analysts anticipate that ABM Industries Incorporated will post 3.97 EPS for the current year.

ABM Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.4%. ABM Industries’s dividend payout ratio (DPR) is currently 44.62%.

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.