Nordea Investment Management AB Purchases 1,468,887 Shares of ABM Industries Incorporated $ABM

Nordea Investment Management AB raised its position in ABM Industries Incorporated (NYSE:ABM) by 1,068.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,606,331 shares of the business services provider’s stock after buying an additional 1,468,887 shares during the quarter. Nordea Investment Management AB owned about 2.62% of ABM Industries worth $73,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in ABM Industries by 18.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,612 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 246 shares during the period. Naples Global Advisors LLC increased its stake in shares of ABM Industries by 2.7% in the second quarter. Naples Global Advisors LLC now owns 11,370 shares of the business services provider’s stock worth $537,000 after purchasing an additional 304 shares in the last quarter. Royal Bank of Canada raised its position 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 purchasing an additional 312 shares during the period. Brighton Jones LLC lifted its stake in shares of ABM Industries by 5.3% during the 2nd quarter. Brighton Jones LLC now owns 7,344 shares of the business services provider’s stock valued at $347,000 after buying an additional 371 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in ABM Industries by 3.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 10,388 shares of the business services provider’s stock worth $490,000 after buying an additional 376 shares during the period. Institutional investors own 91.62% of the company’s stock.

Analysts Set New Price Targets

ABM has been the topic of a number of analyst reports. UBS Group reissued a “neutral” rating and set a $51.00 target price (down previously from $55.00) on shares of ABM Industries in a report on Thursday, December 18th. Wall Street Zen lowered ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $54.33.

ABM Industries Trading Down 0.8%

Shares of ABM stock opened at $43.93 on Thursday. The company has a market capitalization of $2.64 billion, a PE ratio of 16.96 and a beta of 0.75. ABM Industries Incorporated has a 52-week low of $40.00 and a 52-week high of $54.90. The business’s fifty day moving average is $43.30 and its 200 day moving average is $45.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.48 and a current ratio of 1.48.

ABM Industries (NYSE:ABM) last announced its earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.21). The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.ABM Industries’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, equities research analysts anticipate that ABM Industries Incorporated will post 3.71 EPS for the current fiscal year.

ABM Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Wednesday, January 14th will be issued 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 of this dividend is Wednesday, January 14th. This is a positive change from ABM Industries’s previous quarterly dividend of $0.27. ABM Industries’s payout ratio is currently 44.79%.

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.