Maverick Capital Ltd. Takes Position in ABM Industries Incorporated $ABM

Maverick Capital Ltd. purchased a new stake in shares of ABM Industries Incorporated (NYSE:ABM) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,998 shares of the business services provider’s stock, valued at approximately $924,000.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in ABM Industries by 206.5% during the fourth quarter. SG Americas Securities LLC now owns 37,849 shares of the business services provider’s stock worth $1,601,000 after acquiring an additional 25,501 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of ABM Industries during the fourth quarter valued at approximately $7,623,000. Louisiana State Employees Retirement System bought a new position in shares of ABM Industries during the first quarter valued at approximately $1,002,000. Invenomic Capital Management LP increased its stake in shares of ABM Industries by 25.9% during the fourth quarter. Invenomic Capital Management LP now owns 629,452 shares of the business services provider’s stock valued at $26,626,000 after purchasing an additional 129,614 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of ABM Industries by 23.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 224,820 shares of the business services provider’s stock valued at $9,526,000 after purchasing an additional 42,366 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.

Wall Street Analysts Forecast Growth

ABM has been the topic of a number of analyst reports. Weiss Ratings raised ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Robert W. Baird raised their price objective on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.00.

ABM Industries Price Performance

Shares of NYSE:ABM opened at $49.17 on Wednesday. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week high of $50.12. The business has a 50-day simple moving average of $43.95 and a two-hundred day simple moving average of $42.68. 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 firm has a market cap of $2.88 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.27 and a beta of 0.70.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.21 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, analysts expect that ABM Industries Incorporated will post 3.97 earnings per share for the current year.

ABM Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.4%. ABM Industries’s payout ratio is presently 44.62%.

Insider Buying and Selling

In other 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 $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 is available at 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 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.