First Trust Advisors LP Has $3.12 Million Stake in ABM Industries Incorporated $ABM

First Trust Advisors LP increased its position in ABM Industries Incorporated (NYSE:ABM) by 127.2% in the 1st quarter, Holdings Channel reports. The firm owned 81,020 shares of the business services provider’s stock after buying an additional 45,352 shares during the quarter. First Trust Advisors LP’s holdings in ABM Industries were worth $3,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in shares of ABM Industries by 419.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock worth $51,254,000 after acquiring an additional 897,402 shares during the period. Norges Bank acquired a new position in ABM Industries in the fourth quarter worth about $32,850,000. Millennium Management LLC raised its position in ABM Industries by 883.5% in the third quarter. Millennium Management LLC now owns 672,200 shares of the business services provider’s stock worth $31,002,000 after purchasing an additional 603,853 shares in the last quarter. Invesco Ltd. lifted its stake in ABM Industries by 31.7% during the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock worth $110,267,000 after purchasing an additional 575,273 shares during the period. Finally, Simcoe Capital Management LLC bought a new position in ABM Industries during the second quarter worth about $20,720,000. Institutional investors own 91.62% of the company’s stock.

ABM Industries Trading Down 0.8%

Shares of ABM Industries stock opened at $48.53 on Friday. ABM Industries Incorporated has a 12-month low of $36.96 and a 12-month high of $50.12. The stock has a market capitalization of $2.84 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. The company has a 50-day simple moving average of $45.15 and a 200 day simple moving average of $42.89. 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 (NYSE:ABM) last released its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 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 analyst estimates of $2.21 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. ABM Industries’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Research analysts expect that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, July 2nd. ABM Industries’s payout ratio is presently 44.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price objective on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. Weiss Ratings raised ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $47.00.

Insider Activity at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of the 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 sale, the chief executive officer directly owned 395,285 shares in the company, valued at $18,317,506.90. This represents a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by insiders.

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.