Hsbc Holdings PLC Grows Stake in ABM Industries Incorporated $ABM

Hsbc Holdings PLC raised its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 192.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,034 shares of the business services provider’s stock after purchasing an additional 27,643 shares during the period. Hsbc Holdings PLC’s holdings in ABM Industries were worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ABM. Royal Bank of Canada boosted its stake in shares of ABM Industries by 0.4% during the 1st quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock worth $4,100,000 after purchasing an additional 312 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ABM Industries by 2.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,983 shares of the business services provider’s stock worth $1,752,000 after purchasing an additional 984 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of ABM Industries by 2.2% during the 1st quarter. Millennium Management LLC now owns 79,533 shares of the business services provider’s stock valued at $3,767,000 after purchasing an additional 1,734 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in ABM Industries by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,038 shares of the business services provider’s stock worth $8,527,000 after purchasing an additional 8,704 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of ABM Industries by 592.0% during the first quarter. Jane Street Group LLC now owns 140,201 shares of the business services provider’s stock worth $6,640,000 after buying an additional 119,942 shares during the period. 91.62% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Scott B. Salmirs sold 50,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.34, for a total value of $2,317,000.00. Following the completion of the sale, the chief executive officer owned 395,285 shares of the company’s stock, valued at approximately $18,317,506.90. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

ABM Industries Price Performance

ABM traded up $0.12 during trading on Friday, reaching $44.55. The company’s stock had a trading volume of 199,281 shares, compared to its average volume of 627,086. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $42.17 and a two-hundred day simple moving average of $42.30. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.17 and a beta of 0.70. ABM Industries Incorporated has a 1 year low of $36.96 and a 1 year high of $50.12.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business posted $0.86 EPS. ABM Industries’s revenue for the quarter was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, analysts anticipate that ABM Industries Incorporated will post 3.97 EPS for the current year.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 2nd. ABM Industries’s payout ratio is currently 44.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Robert W. Baird increased their price target on shares of ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Weiss Ratings raised ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, ABM Industries presently has a consensus rating of “Hold” and an average target price of $47.00.

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.