Intech Investment Management LLC Trims Holdings in ABM Industries Incorporated $ABM

Intech Investment Management LLC cut its stake in ABM Industries Incorporated (NYSE:ABM) by 40.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 38,083 shares of the business services provider’s stock after selling 25,652 shares during the quarter. Intech Investment Management LLC’s holdings in ABM Industries were worth $1,611,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in shares of ABM Industries by 4.0% in the third quarter. PNC Financial Services Group Inc. now owns 6,506 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 248 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of ABM Industries by 4.2% in the third quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 259 shares in the last quarter. Arizona State Retirement System grew its position in shares of ABM Industries by 1.4% in the third quarter. Arizona State Retirement System now owns 18,422 shares of the business services provider’s stock valued at $850,000 after purchasing an additional 260 shares in the last quarter. Naples Global Advisors LLC boosted its stake in ABM Industries by 2.4% during the fourth quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock valued at $529,000 after buying an additional 289 shares during the period. Finally, MQS Management LLC boosted its stake in ABM Industries by 6.0% during the third quarter. MQS Management LLC now owns 5,177 shares of the business services provider’s stock valued at $239,000 after buying an additional 292 shares during the period. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

ABM Industries Price Performance

NYSE:ABM opened at $39.86 on Friday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 15.69 and a beta of 0.71. ABM Industries Incorporated has a 52-week low of $36.96 and a 52-week high of $52.06. The stock has a fifty day moving average of $39.53 and a 200 day moving average of $42.17. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.50 and a current ratio of 1.50.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm earned $0.87 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, research analysts expect that ABM Industries Incorporated will post 3.94 EPS for the current fiscal year.

ABM Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.16 annualized dividend and a yield of 2.9%. ABM Industries’s payout ratio is 45.67%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Truist Financial dropped their price objective on ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Maxim Group raised ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, March 11th. Weiss Ratings lowered ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. UBS Group dropped their price objective on ABM Industries from $51.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Finally, Robert W. Baird dropped their price objective on ABM Industries from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, ABM Industries presently has an average rating of “Hold” and a consensus target price of $46.25.

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.