LSV Asset Management Sells 117,046 Shares of ABM Industries Incorporated $ABM

LSV Asset Management trimmed its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,285,656 shares of the business services provider’s stock after selling 117,046 shares during the period. LSV Asset Management owned about 2.10% of ABM Industries worth $59,294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ABM. Y Intercept Hong Kong Ltd bought a new stake in ABM Industries in the second quarter worth about $913,000. American Century Companies Inc. grew its position in shares of ABM Industries by 1.5% during the 2nd quarter. American Century Companies Inc. now owns 1,615,135 shares of the business services provider’s stock valued at $76,251,000 after acquiring an additional 24,638 shares during the period. Nordea Investment Management AB increased its stake in shares of ABM Industries by 1,068.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider’s stock worth $73,297,000 after purchasing an additional 1,468,887 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of ABM Industries by 7.0% in the 2nd quarter. Prudential Financial Inc. now owns 270,666 shares of the business services provider’s stock worth $12,778,000 after purchasing an additional 17,755 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of ABM Industries in the 2nd quarter worth approximately $613,000. 91.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on ABM shares. Wall Street Zen lowered ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a research note on Wednesday, January 21st. Truist Financial reissued a “hold” rating and issued a $47.00 price objective (down previously from $58.00) on shares of ABM Industries in a report on Wednesday, January 21st. Finally, UBS Group reaffirmed a “neutral” rating and set a $51.00 price objective (down from $55.00) on shares of ABM Industries in a report on Thursday, December 18th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ABM Industries currently has a consensus rating of “Hold” and a consensus price target of $50.67.

Insider Buying and Selling

In related news, COO Rene Jacobsen sold 31,034 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the sale, the chief operating officer owned 51,714 shares of the company’s stock, valued at approximately $2,281,621.68. This represents a 37.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

ABM Industries Price Performance

ABM Industries stock opened at $43.44 on Friday. The firm has a market capitalization of $2.61 billion, a P/E ratio of 16.77 and a beta of 0.75. ABM Industries Incorporated has a one year low of $40.00 and a one year high of $54.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.48 and a quick ratio of 1.48. The business has a fifty day moving average price of $44.79 and a 200-day moving average price of $45.24.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data on Wednesday, December 17th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.21). The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. As a group, equities research analysts forecast that ABM Industries Incorporated will post 3.71 EPS for the current year.

ABM Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, January 14th were paid a dividend of $0.29 per share. This is an increase from ABM Industries’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, January 14th. ABM Industries’s dividend payout ratio is presently 44.79%.

About ABM Industries

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.