Nordea Investment Management AB Sells 386,449 Shares of ABM Industries Incorporated $ABM

Nordea Investment Management AB decreased its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,219,882 shares of the business services provider’s stock after selling 386,449 shares during the period. Nordea Investment Management AB owned approximately 2.03% of ABM Industries worth $51,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABM. CIBC Private Wealth Group LLC boosted its stake in ABM Industries by 8.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 13,033 shares of the business services provider’s stock worth $601,000 after purchasing an additional 1,038 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of ABM Industries during the third quarter worth about $305,000. Coldstream Capital Management Inc. raised its position in ABM Industries by 69.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,502 shares of the business services provider’s stock valued at $484,000 after buying an additional 4,314 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in 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 acquiring an additional 520 shares in the last quarter. Finally, Camelot Portfolios LLC lifted its stake in ABM Industries by 12.9% in the 3rd quarter. Camelot Portfolios LLC now owns 8,773 shares of the business services provider’s stock valued at $405,000 after acquiring an additional 1,005 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ABM Industries

In other news, COO Rene Jacobsen sold 31,034 shares of ABM Industries 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 completion of the transaction, the chief operating officer owned 51,714 shares of the company’s stock, valued at $2,281,621.68. This trade represents a 37.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ABM. Maxim Group raised shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Wednesday, March 11th. Weiss Ratings reissued a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, January 21st. Wall Street Zen cut shares of ABM Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. UBS Group decreased their target price on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Finally, Truist Financial lowered their price target on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, ABM Industries currently has a consensus rating of “Hold” and an average target price of $46.25.

ABM Industries Stock Up 2.1%

NYSE:ABM opened at $38.19 on Tuesday. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 15.03 and a beta of 0.73. ABM Industries Incorporated has a twelve month low of $36.96 and a twelve month high of $52.94. The stock’s 50 day moving average price is $43.86 and its two-hundred day moving average price is $44.11. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.93.

ABM Industries (NYSE:ABM) last released its quarterly earnings data 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 net margin of 1.78% and a return on equity of 11.77%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company posted $0.87 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Equities research analysts expect that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be paid a $0.29 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 3.0%. ABM Industries’s dividend payout ratio (DPR) is currently 45.67%.

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.