LSV Asset Management Decreases Stock Position in ABM Industries Incorporated $ABM

LSV Asset Management cut its holdings in ABM Industries Incorporated (NYSE:ABM) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,233,181 shares of the business services provider’s stock after selling 52,475 shares during the quarter. LSV Asset Management’s holdings in ABM Industries were worth $52,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its stake 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 during the last quarter. Quarry LP raised its stake in ABM Industries by 667.0% in the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after buying an additional 767 shares during the last quarter. First Horizon Corp raised its stake in ABM Industries by 141.4% in the fourth quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after buying an additional 519 shares during the last quarter. Covestor Ltd raised its stake in ABM Industries by 89.1% in the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after buying an additional 497 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of ABM Industries in the fourth quarter worth about $46,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

ABM Industries Trading Up 0.0%

Shares of NYSE:ABM opened at $40.20 on Monday. ABM Industries Incorporated has a 52-week low of $36.96 and a 52-week high of $52.94. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 15.82 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $39.24 and a 200-day moving average price of $42.35.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Tuesday, March 10th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Equities analysts predict that ABM Industries Incorporated will post 3.94 EPS for the current year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Thursday, April 2nd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, April 2nd. ABM Industries’s dividend payout ratio (DPR) is currently 45.67%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ABM shares. UBS Group reduced their price objective on ABM Industries from $51.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings cut ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Robert W. Baird reduced their price objective on ABM Industries from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 11th. Truist Financial reduced their price objective on ABM Industries from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Finally, Maxim Group upgraded ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.25.

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.