Lazard Asset Management LLC Buys 25,556 Shares of ABM Industries Incorporated $ABM

Lazard Asset Management LLC lifted its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 15.0% during the first quarter, Holdings Channel.com reports. The firm owned 195,711 shares of the business services provider’s stock after buying an additional 25,556 shares during the period. Lazard Asset Management LLC’s holdings in ABM Industries were worth $7,539,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ABM. Caitong International Asset Management Co. Ltd increased its holdings in shares of ABM Industries by 590.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 520 shares in the last quarter. First Horizon Corp lifted its holdings in ABM Industries by 141.4% during the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock worth $37,000 after buying an additional 519 shares in the last quarter. Quarry LP lifted its holdings in ABM Industries by 667.0% during the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after buying an additional 767 shares in the last quarter. Covestor Ltd boosted its position in 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 buying an additional 497 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in ABM Industries in the 4th quarter valued at $46,000. 91.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ABM shares. Weiss Ratings upgraded ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Robert W. Baird raised their price target on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $47.00.

ABM Industries Price Performance

ABM opened at $47.69 on Friday. The company has a fifty day moving average price of $44.30 and a two-hundred day moving average price of $42.74. 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 Incorporated has a 52 week low of $36.96 and a 52 week high of $50.12. The firm has a market capitalization of $2.79 billion, a PE ratio of 18.34, a P/E/G ratio of 1.29 and a beta of 0.70.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the company earned $0.86 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, analysts anticipate that ABM Industries Incorporated will post 3.97 earnings per share for the current year.

ABM Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders 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 annualized dividend and a yield of 2.4%. ABM Industries’s dividend payout ratio is presently 44.62%.

Insiders Place Their Bets

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the firm’s stock in a transaction dated 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 approximately $18,317,506.90. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.

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.