Invenomic Capital Management LP Acquires 231,988 Shares of ABM Industries Incorporated $ABM

Invenomic Capital Management LP increased its holdings in shares of ABM Industries Incorporated (NYSE:ABM) by 86.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 499,838 shares of the business services provider’s stock after purchasing an additional 231,988 shares during the period. ABM Industries makes up 1.1% of Invenomic Capital Management LP’s portfolio, making the stock its 25th biggest position. Invenomic Capital Management LP owned approximately 0.82% of ABM Industries worth $23,053,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Federated Hermes Inc. raised its holdings in ABM Industries by 34.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,239 shares of the business services provider’s stock worth $57,000 after buying an additional 319 shares during the period. Headlands Technologies LLC bought a new position in ABM Industries in the second quarter valued at approximately $94,000. CWM LLC boosted its holdings in shares of ABM Industries by 34.2% in the third quarter. CWM LLC now owns 2,420 shares of the business services provider’s stock valued at $112,000 after buying an additional 617 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of ABM Industries by 204.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,666 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,789 shares during the period. Finally, Quadrant Capital Group LLC bought a new stake in shares of ABM Industries during the third quarter worth $177,000. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ABM Industries

In other news, COO Rene Jacobsen sold 31,034 shares of the company’s 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 owned 51,714 shares in the company, valued at $2,281,621.68. This represents a 37.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

ABM has been the topic of several research reports. Wall Street Zen cut shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, January 21st. Maxim Group raised ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, March 11th. Truist Financial cut their price target on ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Finally, 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 report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, ABM Industries presently has a consensus rating of “Hold” and a consensus target price of $46.25.

ABM Industries Stock Performance

Shares of ABM opened at $38.81 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.93. ABM Industries Incorporated has a 12 month low of $38.27 and a 12 month high of $52.94. The firm has a fifty day simple moving average of $44.60 and a 200 day simple moving average of $44.57. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 15.28 and a beta of 0.73.

ABM Industries (NYSE:ABM) last issued its quarterly earnings results on Tuesday, March 10th. The business services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.19 billion. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Research analysts forecast that ABM Industries Incorporated will post 3.71 EPS for the current fiscal year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Thursday, April 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.16 annualized dividend and a yield of 3.0%. ABM Industries’s dividend payout ratio is 45.67%.

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.