ABM Industries Incorporated $ABM Shares Sold by Vulcan Value Partners LLC

Vulcan Value Partners LLC decreased its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 664,054 shares of the business services provider’s stock after selling 35,910 shares during the period. ABM Industries accounts for 0.6% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 28th biggest position. Vulcan Value Partners LLC owned approximately 1.08% of ABM Industries worth $30,626,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ABM. Federated Hermes Inc. raised its position in shares of ABM Industries by 34.7% in the third quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider’s stock valued at $57,000 after buying an additional 319 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings 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 last quarter. Headlands Technologies LLC acquired a new position in ABM Industries in the 2nd quarter valued at $94,000. CWM LLC lifted its stake 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 period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of ABM Industries by 204.0% during the third 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. Institutional investors and hedge funds own 91.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ABM. Wall Street Zen lowered ABM Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, January 21st. UBS Group reiterated 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. Finally, Truist Financial reissued a “hold” rating and issued a $47.00 target price (down from $58.00) on shares of ABM Industries in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.67.

ABM Industries Stock Performance

Shares of ABM stock opened at $45.51 on Monday. The company’s fifty day simple moving average is $44.71 and its 200-day simple moving average is $45.15. The company has a market cap of $2.67 billion, a PE ratio of 17.57 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 company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.86.

ABM Industries (NYSE:ABM) last posted its earnings results 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 during the quarter, compared to analyst estimates of $2.28 billion. ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. ABM Industries’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. As a group, equities research analysts anticipate that ABM Industries Incorporated will post 3.71 EPS for the current year.

ABM Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Wednesday, January 14th were given a dividend of $0.29 per share. 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 dividend yield of 2.5%. ABM Industries’s dividend payout ratio is presently 44.79%.

Insiders Place Their Bets

In other news, COO Rene Jacobsen sold 31,034 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer directly owned 51,714 shares in the company, valued at $2,281,621.68. This trade represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

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.