Sei Investments Co. Has $4.77 Million Stock Position in ABM Industries Incorporated $ABM

Sei Investments Co. grew its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 92.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 123,768 shares of the business services provider’s stock after buying an additional 59,323 shares during the quarter. Sei Investments Co.’s holdings in ABM Industries were worth $4,767,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in ABM Industries by 419.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock worth $51,254,000 after purchasing an additional 897,402 shares in the last quarter. Norges Bank acquired a new stake in shares of ABM Industries during the fourth quarter valued at about $32,850,000. Millennium Management LLC boosted its stake in shares of ABM Industries by 883.5% during the third quarter. Millennium Management LLC now owns 672,200 shares of the business services provider’s stock valued at $31,002,000 after purchasing an additional 603,853 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ABM Industries by 31.7% during the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock worth $110,267,000 after purchasing an additional 575,273 shares during the last quarter. Finally, Simcoe Capital Management LLC bought a new stake in shares of ABM Industries during the second quarter worth about $20,720,000. 91.62% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 395,285 shares in the company, valued at approximately $18,317,506.90. This trade represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

ABM Industries Stock Down 0.5%

Shares of NYSE ABM opened at $48.91 on Thursday. The company has a market capitalization of $2.87 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.29 and a beta of 0.69. ABM Industries Incorporated has a 52-week low of $36.96 and a 52-week high of $50.12. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. The company’s 50 day moving average price is $44.98 and its 200-day moving average price is $42.86.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data 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). ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the company earned $0.86 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Equities analysts forecast that ABM Industries Incorporated will post 3.97 earnings per share for the current year.

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.4%. ABM Industries’s dividend payout ratio is 44.62%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ABM. Weiss Ratings raised ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Robert W. Baird boosted 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. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, ABM Industries presently has a consensus rating of “Hold” and a consensus price target of $47.00.

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.