Public Sector Pension Investment Board Acquires 30,761 Shares of ABM Industries Incorporated $ABM

Public Sector Pension Investment Board grew its holdings in ABM Industries Incorporated (NYSE:ABM) by 14.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 242,869 shares of the business services provider’s stock after acquiring an additional 30,761 shares during the quarter. Public Sector Pension Investment Board’s holdings in ABM Industries were worth $11,201,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Invesco Ltd. grew its position in shares of ABM Industries by 1.6% in the 2nd quarter. Invesco Ltd. now owns 1,815,590 shares of the business services provider’s stock valued at $85,714,000 after purchasing an additional 28,664 shares during the period. American Century Companies Inc. lifted its stake in ABM Industries by 1.5% in the second quarter. American Century Companies Inc. now owns 1,615,135 shares of the business services provider’s stock valued at $76,251,000 after buying an additional 24,638 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of ABM Industries by 1,068.7% in the third quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider’s stock valued at $73,297,000 after buying an additional 1,468,887 shares during the period. Geode Capital Management LLC increased its position in shares of ABM Industries by 0.7% during the second quarter. Geode Capital Management LLC now owns 1,502,219 shares of the business services provider’s stock worth $70,928,000 after acquiring an additional 10,182 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of ABM Industries by 1.2% during the second quarter. LSV Asset Management now owns 1,402,702 shares of the business services provider’s stock worth $66,222,000 after acquiring an additional 16,530 shares during the period. Institutional investors and hedge funds own 91.62% of the company’s stock.

Wall Street Analysts Forecast Growth

ABM has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating and set a $51.00 price objective (down from $55.00) on shares of ABM Industries in a research report on Thursday, December 18th. Wall Street Zen lowered ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Truist Financial reaffirmed a “hold” rating and set a $47.00 price target (down previously from $58.00) on shares of ABM Industries in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.67.

ABM Industries Trading Up 2.3%

NYSE ABM opened at $44.45 on Monday. ABM Industries Incorporated has a 12 month low of $40.00 and a 12 month 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. The stock has a 50 day moving average of $44.78 and a 200-day moving average of $45.20. The company has a market cap of $2.67 billion, a PE ratio of 17.16 and a beta of 0.75.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.21). ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the company posted $0.90 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, equities research analysts anticipate that ABM Industries Incorporated will post 3.71 EPS for the current fiscal year.

ABM Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, January 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, January 14th. This is a boost from ABM Industries’s previous quarterly dividend of $0.27. ABM Industries’s payout ratio is presently 44.79%.

Insider Activity

In related news, COO Rene Jacobsen sold 31,034 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total value of $1,369,220.08. Following the transaction, the chief operating officer owned 51,714 shares in the company, valued at approximately $2,281,621.68. This represents a 37.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

ABM Industries Company 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.