William Blair Investment Management LLC Takes $17.04 Million Position in ABM Industries Incorporated $ABM

William Blair Investment Management LLC acquired a new position in shares of ABM Industries Incorporated (NYSE:ABM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 385,260 shares of the business services provider’s stock, valued at approximately $17,044,000. William Blair Investment Management LLC owned 0.66% of ABM Industries as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ABM. Caitong International Asset Management Co. Ltd lifted its holdings in ABM Industries by 590.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after buying an additional 520 shares during the period. Western Wealth Management LLC acquired a new stake in ABM Industries during the 1st quarter worth about $39,000. Quarry LP grew its holdings in ABM Industries by 667.0% during the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after acquiring an additional 767 shares during the period. Global Retirement Partners LLC bought a new position in shares of ABM Industries in the 2nd quarter worth about $43,000. Finally, Covestor Ltd raised its position in shares of 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 acquiring an additional 497 shares in the last quarter. Institutional investors own 91.62% of the company’s stock.

ABM Industries Stock Down 0.6%

Shares of NYSE ABM opened at $46.83 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The firm has a market cap of $2.74 billion, a PE ratio of 18.01, a P/E/G ratio of 1.23 and a beta of 0.69. The company’s fifty day simple moving average is $46.41 and its 200 day simple moving average is $43.07. ABM Industries Incorporated has a 12-month low of $36.96 and a 12-month high of $50.12.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share for the quarter, missing the consensus estimate 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 net margin of 1.75% and a return on equity of 11.84%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, sell-side analysts forecast that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 2nd were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, July 2nd. ABM Industries’s dividend payout ratio is 44.62%.

Insider Transactions at ABM Industries

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was 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 approximately $18,317,506.90. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Robert W. Baird upped their target price on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. Weiss Ratings upgraded ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $47.00.

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.