AlphaQuest LLC Invests $4.33 Million in ABM Industries Incorporated $ABM

AlphaQuest LLC acquired a new stake in shares of ABM Industries Incorporated (NYSE:ABM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 93,866 shares of the business services provider’s stock, valued at approximately $4,329,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABM. Y Intercept Hong Kong Ltd acquired a new stake in shares of ABM Industries in the 2nd quarter worth $913,000. American Century Companies Inc. raised its stake in ABM Industries by 1.5% in the second quarter. American Century Companies Inc. now owns 1,615,135 shares of the business services provider’s stock valued at $76,251,000 after buying an additional 24,638 shares during the last quarter. Prudential Financial Inc. boosted its holdings 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 acquiring an additional 17,755 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of ABM Industries during the second quarter worth about $613,000. Finally, Nordea Investment Management AB grew its stake in shares of ABM Industries by 1,068.7% during the third quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider’s stock worth $73,297,000 after acquiring an additional 1,468,887 shares during the last quarter. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Price Performance

NYSE:ABM opened at $45.77 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.86. ABM Industries Incorporated has a 12 month low of $40.00 and a 12 month high of $54.90. The firm has a market cap of $2.75 billion, a P/E ratio of 17.67 and a beta of 0.75. The stock has a 50 day moving average of $44.13 and a two-hundred day moving average of $45.36.

ABM Industries (NYSE:ABM) last announced its quarterly earnings data on Wednesday, December 17th. The business services provider reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.21). The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.28 billion. ABM Industries had a net margin of 1.86% and a return on equity of 11.96%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. On average, analysts expect that ABM Industries Incorporated will post 3.71 earnings per share for the current fiscal year.

ABM Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Wednesday, January 14th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, January 14th. This is an increase from ABM Industries’s previous quarterly dividend of $0.27. ABM Industries’s dividend payout ratio (DPR) is currently 44.79%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ABM. Wall Street Zen lowered shares of ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Truist Financial reissued a “hold” rating and set a $47.00 price target (down from $58.00) on shares of ABM Industries in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of ABM Industries in a report on Wednesday, January 21st. Finally, UBS Group restated a “neutral” rating and set a $51.00 target price (down from $55.00) on shares of ABM Industries in a research report on Thursday, December 18th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.67.

Insider Activity

In related news, COO Rene Jacobsen sold 31,034 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the completion of the sale, the chief operating officer directly owned 51,714 shares in the company, valued at approximately $2,281,621.68. This trade represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.