Y Intercept Hong Kong Ltd Reduces Stock Holdings in ABM Industries Incorporated $ABM

Y Intercept Hong Kong Ltd trimmed its holdings in ABM Industries Incorporated (NYSE:ABM) by 46.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,441 shares of the business services provider’s stock after selling 33,750 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in ABM Industries were worth $1,519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in ABM Industries by 590.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after buying an additional 520 shares in the last quarter. First Horizon Corp raised its holdings in shares of ABM Industries by 141.4% during the fourth quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 519 shares during the last quarter. Quarry LP lifted its holdings in ABM Industries by 667.0% in the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 767 shares in the last quarter. Covestor Ltd lifted its stake in shares of ABM Industries by 89.1% in the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock worth $45,000 after buying an additional 497 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in ABM Industries in the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 91.62% of the company’s stock.

Analyst Upgrades and Downgrades

ABM has been the topic of several recent research reports. Weiss Ratings raised shares of ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Robert W. Baird lifted their target price on shares of ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.00.

ABM Industries Trading Up 0.3%

ABM stock traded up $0.12 during midday trading on Friday, hitting $44.55. 199,281 shares of the company’s stock were exchanged, compared to its average volume of 627,086. ABM Industries Incorporated has a 1-year low of $36.96 and a 1-year high of $50.12. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $2.61 billion, a PE ratio of 17.13, a P/E/G ratio of 1.16 and a beta of 0.70. The business has a 50-day simple moving average of $42.17 and a two-hundred day simple moving average of $42.30.

ABM Industries (NYSE:ABM) last announced its quarterly earnings results 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 business had revenue of $2.29 billion during the quarter, compared to analyst estimates 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 last year, the company earned $0.86 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, sell-side analysts predict that ABM Industries Incorporated will post 3.97 EPS for the current fiscal year.

ABM Industries Announces Dividend

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

Insiders Place Their Bets

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of ABM Industries stock in a transaction dated Friday, June 12th. The shares were 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 $18,317,506.90. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by company 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.