Man Group plc Invests $10.03 Million in ABM Industries Incorporated $ABM

Man Group plc bought a new stake in shares of ABM Industries Incorporated (NYSE:ABM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 226,599 shares of the business services provider’s stock, valued at approximately $10,025,000. Man Group plc owned about 0.39% of ABM Industries as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Natixis Advisors LLC lifted its position in ABM Industries by 2.1% in the fourth quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock worth $474,000 after buying an additional 231 shares during the last quarter. Mackenzie Financial Corp increased its position in ABM Industries by 4.2% during the third quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 259 shares during the last quarter. Naples Global Advisors LLC increased its position 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 acquiring an additional 289 shares during the last quarter. Royal Bank of Canada raised its stake in shares of ABM Industries by 0.4% in the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock valued at $4,100,000 after acquiring an additional 312 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of ABM Industries by 3.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 10,822 shares of the business services provider’s stock valued at $458,000 after acquiring an additional 320 shares during the period. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Stock Performance

Shares of ABM Industries stock opened at $47.24 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The stock’s fifty day moving average is $46.72 and its two-hundred day moving average is $43.09. ABM Industries Incorporated has a 52 week low of $36.96 and a 52 week high of $50.12. The company has a market capitalization of $2.77 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.24 and a beta of 0.69.

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

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 2nd were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.5%. ABM Industries’s dividend payout ratio (DPR) is presently 44.62%.

Insider Transactions at ABM Industries

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.34, for a total value of $2,317,000.00. Following the completion of the sale, the chief executive officer directly owned 395,285 shares of the company’s stock, valued at $18,317,506.90. The trade was a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on ABM. Weiss Ratings raised 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 increased their price objective on shares of ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, ABM Industries has a consensus rating of “Hold” and an average target price 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.