ABM Industries Incorporated $ABM Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC raised its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 11.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 142,202 shares of the business services provider’s stock after buying an additional 14,149 shares during the period. Gabelli Funds LLC’s holdings in ABM Industries were worth $5,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Natixis Advisors LLC boosted its stake in shares of ABM Industries by 2.1% in the fourth quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock worth $474,000 after buying an additional 231 shares during the last quarter. Mackenzie Financial Corp raised its position in ABM Industries by 4.2% during the third quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 259 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in ABM Industries by 2.4% in the fourth quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock valued at $529,000 after acquiring an additional 289 shares during the period. Royal Bank of Canada lifted its holdings in ABM Industries by 0.4% in the first quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock valued at $4,100,000 after acquiring an additional 312 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in ABM Industries by 3.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 10,822 shares of the business services provider’s stock worth $458,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

ABM Industries Price Performance

NYSE:ABM opened at $48.52 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. ABM Industries Incorporated has a 52 week low of $36.96 and a 52 week high of $50.12. The stock’s 50-day moving average price is $43.74 and its 200-day moving average price is $42.64. The stock has a market capitalization of $2.84 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.25 and a beta of 0.70.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data 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). The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, equities analysts expect that ABM Industries Incorporated will post 3.97 EPS for the current fiscal year.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.4%. ABM Industries’s dividend payout ratio (DPR) is currently 44.62%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ABM. Robert W. Baird raised their price objective 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 upgraded shares of ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. One equities research 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, the company currently has an average rating of “Hold” and a consensus target price of $47.00.

Insider Transactions at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of the business’s stock in a transaction on 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. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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.