72,761 ABM Industries Incorporated $ABM Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC raised its stake in ABM Industries Incorporated (NYSE:ABM) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,880,964 shares of the business services provider’s stock after buying an additional 72,761 shares during the quarter. Pzena Investment Management LLC’s holdings in ABM Industries were worth $90,474,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Aberdeen Wealth Management LLC acquired a new position in ABM Industries in the 2nd quarter valued at about $25,000. IFP Advisors Inc grew its stake in shares of ABM Industries by 183.7% in the 2nd quarter. IFP Advisors Inc now owns 590 shares of the business services provider’s stock valued at $26,000 after buying an additional 382 shares during the period. Continuum Advisory LLC acquired a new stake in shares of ABM Industries during the 2nd quarter worth approximately $27,000. Fortitude Family Office LLC increased its holdings in shares of ABM Industries by 1,451.4% during the 3rd quarter. Fortitude Family Office LLC now owns 574 shares of the business services provider’s stock worth $28,000 after buying an additional 537 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of ABM Industries during the 3rd quarter valued at approximately $33,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ABM has been the topic of several research analyst reports. UBS Group boosted their price objective on shares of ABM Industries from $45.00 to $51.50 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Weiss Ratings raised shares of ABM Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Robert W. Baird lifted their price target on shares of ABM Industries from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, September 9th. Truist Financial boosted their price target on shares of ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, September 14th. Finally, Wall Street Zen upgraded shares of ABM Industries from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, ABM Industries presently has a consensus rating of “Hold” and an average target price of $50.88.

ABM Industries Stock Up 2.1%

ABM opened at $54.75 on Thursday. The business’s 50-day simple moving average is $50.15 and its 200-day simple moving average is $45.02. The stock has a market capitalization of $3.21 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 1.39 and a beta of 0.66. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.42 and a current ratio of 1.42. ABM Industries Incorporated has a one year low of $36.96 and a one year high of $55.34.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Tuesday, September 8th. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. ABM Industries had a return on equity of 12.46% and a net margin of 1.82%. ABM Industries’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. Analysts anticipate that ABM Industries Incorporated will post 4.00 EPS for the current year.

ABM Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 1st were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, October 1st. ABM Industries’s dividend payout ratio is 41.88%.

ABM Industries Profile

ABM Industries Incorporated (NYSE: ABM) is a provider of facility, aviation and transportation, and infrastructure solutions for commercial, industrial, institutional and public-sector customers. The company helps organizations operate and maintain their properties through services that include janitorial and custodial work, facility engineering, HVAC and electrical support, parking and transportation management, landscaping, and security-related solutions.

ABM also provides specialized services for airports, education and healthcare institutions, manufacturing and distribution facilities, data centers, sports and entertainment venues, and other complex environments.