Public Sector Pension Investment Board Acquires 30,761 Shares of ABM Industries Incorporated $ABM

Public Sector Pension Investment Board increased its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 242,869 shares of the business services provider’s stock after acquiring an additional 30,761 shares during the period. Public Sector Pension Investment Board owned about 0.40% of ABM Industries worth $11,201,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its stake in shares of ABM Industries by 34.7% in the 3rd quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 319 shares during the period. Parkside Financial Bank & Trust grew its position in ABM Industries by 18.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,612 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 246 shares during the period. Headlands Technologies LLC acquired a new position in ABM Industries during the second quarter worth $94,000. CWM LLC raised its stake in ABM Industries by 34.2% during the third quarter. CWM LLC now owns 2,420 shares of the business services provider’s stock worth $112,000 after acquiring an additional 617 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of ABM Industries by 204.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 1,789 shares during the period. Institutional investors and hedge funds own 91.62% of the company’s stock.

ABM Industries Price Performance

Shares of ABM stock opened at $44.45 on Monday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 17.16 and a beta of 0.75. ABM Industries Incorporated has a 12 month low of $40.00 and a 12 month high of $54.90. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $44.78 and a 200 day moving average price of $45.20.

ABM Industries (NYSE:ABM) last issued its earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.21). The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.28 billion. ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. Research analysts expect that ABM Industries Incorporated will post 3.71 EPS for the current year.

ABM Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, January 14th were paid a $0.29 dividend. This is an increase from ABM Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.6%. ABM Industries’s dividend payout ratio (DPR) is currently 44.79%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group reiterated a “neutral” rating and set a $51.00 target price (down previously from $55.00) on shares of ABM Industries in a research report on Thursday, December 18th. Truist Financial reiterated a “hold” rating and issued a $47.00 target price (down previously from $58.00) on shares of ABM Industries in a research note on Wednesday, January 21st. Wall Street Zen lowered ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, January 21st. Four analysts have rated the stock with a Hold rating, According to MarketBeat, ABM Industries currently has a consensus rating of “Hold” and an average target price of $50.67.

Insider Activity

In related news, COO Rene Jacobsen sold 31,034 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $44.12, for a total value of $1,369,220.08. Following the completion of the sale, the chief operating officer owned 51,714 shares in the company, valued at approximately $2,281,621.68. This represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.90% of the stock is owned by corporate insiders.

ABM Industries 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.