William Blair Investment Management LLC Lowers Stake in ABM Industries Incorporated $ABM

William Blair Investment Management LLC lessened its holdings in ABM Industries Incorporated (NYSE:ABM) by 5.7% during the third quarter, Holdings Channel.com reports. The firm owned 682,365 shares of the business services provider’s stock after selling 41,347 shares during the quarter. William Blair Investment Management LLC’s holdings in ABM Industries were worth $31,471,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ABM. Nordea Investment Management AB grew its stake in shares of ABM Industries by 1,068.7% in the 3rd quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider’s stock worth $73,297,000 after buying an additional 1,468,887 shares during the last quarter. Norges Bank bought a new stake in ABM Industries in the second quarter worth $38,434,000. SG Capital Management LLC purchased a new stake in shares of ABM Industries in the second quarter worth $29,064,000. Simcoe Capital Management LLC purchased a new position in shares of ABM Industries in the 2nd quarter worth about $20,720,000. Finally, Boston Partners boosted its stake in ABM Industries by 35.5% in the 2nd 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 in the last quarter. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ABM Industries

In other news, COO Rene Jacobsen sold 31,034 shares of the stock in a transaction on Tuesday, January 13th. The shares were 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 directly owned 51,714 shares of the company’s stock, valued at $2,281,621.68. This represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

ABM Industries Stock Down 0.7%

ABM opened at $44.47 on Monday. The firm’s 50 day simple moving average is $44.60 and its two-hundred day simple moving average is $45.01. The company has a market capitalization of $2.61 billion, a PE ratio of 17.17 and a beta of 0.75. ABM Industries Incorporated has a 1-year low of $40.00 and a 1-year high of $54.90. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.86.

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

ABM Industries Increases Dividend

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

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.