William Blair Investment Management LLC Acquires Shares of 385,260 ABM Industries Incorporated $ABM

William Blair Investment Management LLC acquired a new stake in shares of ABM Industries Incorporated (NYSE:ABM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 385,260 shares of the business services provider’s stock, valued at approximately $17,044,000.

A number of other hedge funds have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its position in shares of ABM Industries by 590.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock worth $28,000 after acquiring an additional 520 shares in the last quarter. Western Wealth Management LLC bought a new position in ABM Industries in the 1st quarter valued at about $39,000. Quarry LP lifted its position in ABM Industries by 667.0% in the 3rd quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 767 shares in the last quarter. Global Retirement Partners LLC acquired a new position in ABM Industries during the 2nd quarter valued at about $43,000. Finally, Covestor Ltd boosted its stake in ABM Industries by 89.1% during the 4th quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 497 shares during the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ABM has been the subject of several analyst reports. Robert W. Baird increased their price objective on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. Weiss Ratings upgraded ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One 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, the company presently has an average rating of “Hold” and an average price target of $47.00.

Insider Activity 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 value of $2,317,000.00. Following the transaction, the chief executive officer owned 395,285 shares in the company, valued at $18,317,506.90. The trade was a 11.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by corporate insiders.

ABM Industries Stock Performance

NYSE ABM opened at $46.83 on Friday. ABM Industries Incorporated has a 1 year low of $36.96 and a 1 year high of $50.12. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.23 and a beta of 0.69. The company has a fifty day moving average price of $46.41 and a 200-day moving average price of $43.07.

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

ABM Industries Dividend Announcement

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

ABM Industries Company 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.