Corient Private Wealth LP Invests $2.70 Million in ABM Industries Incorporated $ABM

Corient Private Wealth LP acquired a new stake in ABM Industries Incorporated (NYSE:ABM) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 61,124 shares of the business services provider’s stock, valued at approximately $2,704,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. First Eagle Investment Management LLC purchased a new stake in ABM Industries during the fourth quarter valued at about $7,623,000. Pacer Advisors Inc. purchased a new position in shares of ABM Industries in the first quarter worth about $12,739,000. Quantinno Capital Management LP increased its holdings in shares of ABM Industries by 86.3% in the first quarter. Quantinno Capital Management LP now owns 54,790 shares of the business services provider’s stock worth $2,111,000 after buying an additional 25,388 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of ABM Industries in the 1st quarter valued at about $1,002,000. Finally, BlackRock Inc. bought a new stake in shares of ABM Industries in the 2nd quarter valued at about $410,948,000. Institutional investors own 91.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ABM shares. Robert W. Baird raised their price target on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, June 8th. Weiss Ratings upgraded ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, ABM Industries currently has an average rating of “Hold” and an average price target of $47.00.

Insider Buying and Selling at ABM Industries

In other news, CEO Scott B. Salmirs sold 50,000 shares of the business’s stock in a transaction that occurred on 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 directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Trading Down 0.6%

Shares of ABM opened at $46.33 on Wednesday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 17.82, a PEG ratio of 1.22 and a beta of 0.68. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $46.83 and a two-hundred day simple moving average of $43.05. ABM Industries Incorporated has a twelve month low of $36.96 and a twelve month high of $50.12.

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

ABM Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, July 2nd. ABM Industries’s dividend payout ratio (DPR) is currently 44.62%.

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.