Pzena Investment Management LLC Has $53.72 Million Stock Holdings in ABM Industries Incorporated $ABM

Pzena Investment Management LLC grew its position in ABM Industries Incorporated (NYSE:ABM) by 20.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,164,842 shares of the business services provider’s stock after purchasing an additional 200,899 shares during the quarter. Pzena Investment Management LLC owned approximately 1.90% of ABM Industries worth $53,723,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ABM. Federated Hermes Inc. raised its holdings in ABM Industries by 34.7% in the 3rd quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider’s stock worth $57,000 after acquiring an additional 319 shares during the period. Parkside Financial Bank & Trust grew its position in shares of ABM Industries by 18.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,612 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 246 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of ABM Industries in the second quarter worth about $94,000. CWM LLC lifted its position in shares of ABM Industries by 34.2% during the 3rd quarter. CWM LLC now owns 2,420 shares of the business services provider’s stock worth $112,000 after purchasing an additional 617 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of ABM Industries by 204.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,789 shares during the last quarter. 91.62% of the stock is owned by institutional investors.

ABM Industries Stock Performance

ABM opened at $45.03 on Thursday. The stock’s 50 day simple moving average is $44.77 and its 200-day simple moving average is $45.18. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.86. The stock has a market cap of $2.64 billion, a PE ratio of 17.38 and a beta of 0.75. ABM Industries Incorporated has a 1 year low of $40.00 and a 1 year high of $54.90.

ABM Industries (NYSE:ABM) last posted its quarterly 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 for the quarter, compared to analyst estimates of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. Sell-side analysts forecast that ABM Industries Incorporated will post 3.71 EPS for the current year.

ABM Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, January 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This is an increase from ABM Industries’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 2.6%. ABM Industries’s payout ratio is presently 44.79%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 31,034 shares of ABM Industries stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the sale, the chief operating officer directly owned 51,714 shares of the company’s stock, valued at approximately $2,281,621.68. The trade was a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by 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.