Meiji Yasuda Asset Management Co Ltd. Acquires Shares of 140,549 ABM Industries Incorporated $ABM

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in ABM Industries Incorporated (NYSE:ABM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 140,549 shares of the business services provider’s stock, valued at approximately $6,218,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of ABM Industries by 590.9% in the 3rd 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 period. Western Wealth Management LLC acquired a new position in ABM Industries in the first quarter valued at about $39,000. Quarry LP increased its holdings in shares of ABM Industries by 667.0% in the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after acquiring an additional 767 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of ABM Industries during the 2nd quarter valued at about $43,000. Finally, Covestor Ltd grew its position in shares of ABM Industries by 89.1% in the 4th quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 497 shares during the period. Institutional investors own 91.62% of the company’s stock.

ABM Industries Stock Up 0.0%

ABM opened at $46.83 on Monday. The stock has a fifty day moving average of $46.41 and a 200-day moving average of $43.05. The company has a market capitalization of $2.74 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.23 and a beta of 0.69. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week high of $50.12. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.ABM Industries’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, equities analysts expect 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 was paid on Monday, August 3rd. Investors of record on Thursday, July 2nd were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, July 2nd. ABM Industries’s payout ratio is 44.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. Weiss Ratings raised ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $47.00.

Insider Transactions at ABM Industries

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.34, for a total transaction of $2,317,000.00. Following the transaction, the chief executive officer owned 395,285 shares in the company, valued at $18,317,506.90. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate 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.