Pzena Investment Management LLC Grows Stock Position in ABM Industries Incorporated $ABM

Pzena Investment Management LLC increased its stake in ABM Industries Incorporated (NYSE:ABM) by 30.0% in the first quarter, HoldingsChannel reports. The fund owned 1,522,936 shares of the business services provider’s stock after purchasing an additional 351,407 shares during the period. Pzena Investment Management LLC’s holdings in ABM Industries were worth $58,663,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Invenomic Capital Management LP lifted its position in ABM Industries by 86.6% in the third quarter. Invenomic Capital Management LP now owns 499,838 shares of the business services provider’s stock valued at $23,053,000 after purchasing an additional 231,988 shares during the last quarter. SG Americas Securities LLC raised its holdings in ABM Industries by 206.5% during the 4th quarter. SG Americas Securities LLC now owns 37,849 shares of the business services provider’s stock valued at $1,601,000 after buying an additional 25,501 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in ABM Industries during the 4th quarter valued at $7,623,000. WINTON GROUP Ltd boosted its position in ABM Industries by 1,222.8% during the 3rd quarter. WINTON GROUP Ltd now owns 112,440 shares of the business services provider’s stock valued at $5,186,000 after buying an additional 103,940 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in ABM Industries by 23.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 224,820 shares of the business services provider’s stock valued at $9,526,000 after buying an additional 42,366 shares during the period. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

ABM Industries Price Performance

Shares of NYSE ABM opened at $44.63 on Thursday. ABM Industries Incorporated has a 1 year low of $36.96 and a 1 year high of $50.12. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.46. The company’s 50-day moving average is $41.57 and its 200 day moving average is $42.33. The stock has a market capitalization of $2.61 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.16 and a beta of 0.72.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 EPS 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 analysts’ expectations of $2.21 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, sell-side analysts expect that ABM Industries Incorporated will post 3.97 earnings per share for the current year.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 2nd. ABM Industries’s dividend payout ratio (DPR) is presently 44.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Robert W. Baird increased their target price on shares of ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. UBS Group cut their target price on ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 11th. Maxim Group upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, March 11th. Finally, Weiss Ratings lowered ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $47.00.

Insider Activity at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of ABM Industries stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the sale, the chief executive officer directly owned 395,285 shares in the company, valued at $18,317,506.90. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by 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.