William Blair Investment Management LLC Cuts Holdings in ABM Industries Incorporated $ABM

William Blair Investment Management LLC lowered its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 682,365 shares of the business services provider’s stock after selling 41,347 shares during the quarter. William Blair Investment Management LLC owned 1.11% of ABM Industries worth $31,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of ABM Industries in the 2nd quarter worth about $913,000. American Century Companies Inc. lifted its position in ABM Industries by 1.5% in the 2nd quarter. American Century Companies Inc. now owns 1,615,135 shares of the business services provider’s stock worth $76,251,000 after buying an additional 24,638 shares during the last quarter. Nordea Investment Management AB lifted its position in ABM Industries by 1,068.7% in the 3rd quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider’s stock worth $73,297,000 after buying an additional 1,468,887 shares during the last quarter. Prudential Financial Inc. boosted its stake in ABM Industries by 7.0% in the second quarter. Prudential Financial Inc. now owns 270,666 shares of the business services provider’s stock worth $12,778,000 after buying an additional 17,755 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in ABM Industries during the second quarter valued at approximately $613,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

ABM Industries Price Performance

Shares of ABM stock opened at $44.47 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.48 and a current ratio of 1.48. ABM Industries Incorporated has a fifty-two week low of $40.00 and a fifty-two week high of $54.90. The firm has a market cap of $2.61 billion, a P/E ratio of 17.17 and a beta of 0.75. The business’s 50 day moving average price is $44.60 and its 200-day moving average price is $45.01.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.21). ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the firm earned $0.90 EPS. The business’s revenue was up 5.4% on a year-over-year basis. 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 earnings per share for the current year.

ABM Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Wednesday, January 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.6%. This is a boost from ABM Industries’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, January 14th. ABM Industries’s dividend payout ratio (DPR) is 44.79%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ABM. Truist Financial reaffirmed a “hold” rating and issued a $47.00 price objective (down from $58.00) on shares of ABM Industries in a research note 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 note on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $50.67.

Insiders Place Their Bets

In other ABM Industries news, COO Rene Jacobsen sold 31,034 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $44.12, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

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.