State of Wyoming Makes New Investment in ABM Industries Incorporated $ABM

State of Wyoming acquired a new stake in shares of ABM Industries Incorporated (NYSE:ABM) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,680 shares of the business services provider’s stock, valued at approximately $649,000.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of ABM Industries by 0.4% during the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock worth $4,100,000 after purchasing an additional 312 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in ABM Industries by 2.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider’s stock valued at $1,752,000 after purchasing an additional 984 shares during the last quarter. Millennium Management LLC boosted its holdings in ABM Industries by 2.2% in the first quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock valued at $3,767,000 after purchasing an additional 1,734 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in ABM Industries by 5.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider’s stock worth $8,527,000 after purchasing an additional 8,704 shares during the period. Finally, Jane Street Group LLC grew its position in ABM Industries by 592.0% during the 1st quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock worth $6,640,000 after purchasing an additional 119,942 shares during the period. 91.62% of the stock is owned by hedge funds and other institutional investors.

ABM Industries Price Performance

Shares of NYSE ABM opened at $48.10 on Monday. The firm has a market cap of $2.82 billion, a PE ratio of 18.50, a PEG ratio of 1.26 and a beta of 0.69. The firm has a fifty day moving average of $46.16 and a 200 day moving average of $43.00. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. ABM Industries Incorporated has a one year low of $36.96 and a one year high of $50.12.

ABM Industries (NYSE:ABM) last posted its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, research analysts predict that ABM Industries Incorporated will post 3.97 EPS for the current fiscal year.

ABM Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, July 2nd. ABM Industries’s dividend payout ratio (DPR) is 44.62%.

Analyst Ratings Changes

Several research firms recently issued reports on ABM. Weiss Ratings upgraded shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Robert W. Baird raised their price target on shares of ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. One investment 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.com, the company has a consensus rating of “Hold” and a consensus price target of $47.00.

Insider Activity

In related news, CEO Scott B. Salmirs sold 50,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 395,285 shares of the company’s stock, valued at approximately $18,317,506.90. This represents a 11.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate 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.