Vanguard Group Inc. Cuts Stock Position in ABM Industries Incorporated $ABM

Vanguard Group Inc. cut its holdings in ABM Industries Incorporated (NYSE:ABM) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,598,946 shares of the business services provider’s stock after selling 280,226 shares during the period. Vanguard Group Inc. owned about 12.41% of ABM Industries worth $350,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Nordea Investment Management AB raised its stake in shares of ABM Industries by 1,068.7% in the third quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider’s stock valued at $73,297,000 after acquiring an additional 1,468,887 shares during the period. Norges Bank purchased a new position in shares of ABM Industries during the 2nd quarter worth about $38,434,000. SG Capital Management LLC bought a new position in ABM Industries during the 2nd quarter valued at about $29,064,000. Simcoe Capital Management LLC purchased a new stake in ABM Industries in the 2nd quarter worth about $20,720,000. Finally, Boston Partners lifted its stake in ABM Industries by 35.5% in the second quarter. Boston Partners now owns 869,258 shares of the business services provider’s stock worth $41,012,000 after purchasing an additional 227,907 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.

Wall Street Analyst Weigh In

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

ABM Industries Stock Up 2.4%

ABM Industries stock opened at $44.81 on Friday. 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 firm has a market cap of $2.63 billion, a P/E ratio of 17.30 and a beta of 0.75. The business has a fifty day moving average of $44.55 and a two-hundred day moving average of $45.09. ABM Industries Incorporated has a twelve month low of $40.00 and a twelve month high of $54.90.

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

ABM Industries Increases Dividend

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

Insider Buying and Selling at ABM Industries

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

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.