State of Wyoming Purchases New Position in ABM Industries Incorporated $ABM

State of Wyoming acquired a new position in ABM Industries Incorporated (NYSE:ABM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,680 shares of the business services provider’s stock, valued at approximately $649,000.

Several other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC raised its position in ABM Industries by 2.1% during the 4th quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock valued at $474,000 after purchasing an additional 231 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of ABM Industries by 4.2% during the 3rd quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock worth $297,000 after buying an additional 259 shares in the last quarter. Naples Global Advisors LLC grew its position in shares of ABM Industries by 2.4% during the 4th quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock worth $529,000 after buying an additional 289 shares in the last quarter. Royal Bank of Canada lifted its position in shares of ABM Industries by 0.4% during 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 buying an additional 312 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of 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 valued at $458,000 after buying an additional 320 shares in the last quarter. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the business’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 sale, the chief executive officer owned 395,285 shares in the company, valued at approximately $18,317,506.90. The trade was a 11.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ABM. Weiss Ratings upgraded ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Robert W. Baird increased their price target on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $47.00.

ABM Industries Trading Down 0.1%

Shares of ABM Industries stock opened at $48.10 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 1.04. ABM Industries Incorporated has a 12-month low of $36.96 and a 12-month high of $50.12. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.26 and a beta of 0.69. The firm’s 50 day simple moving average is $46.16 and its two-hundred day simple moving average is $43.00.

ABM Industries (NYSE:ABM) last posted its quarterly earnings results 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 company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.21 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Analysts predict that ABM Industries Incorporated will post 3.97 EPS for the current year.

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.4%. ABM Industries’s payout ratio is currently 44.62%.

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.