ABM Industries Incorporated $ABM Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its position in ABM Industries Incorporated (NYSE:ABM) by 17,941.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,089 shares of the business services provider’s stock after buying an additional 46,828 shares during the quarter. Fifth Third Bancorp’s holdings in ABM Industries were worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ABM. Caitong International Asset Management Co. Ltd lifted its holdings in shares of ABM Industries by 590.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 520 shares in the last quarter. First Horizon Corp increased its stake in shares of ABM Industries by 141.4% in the fourth quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock worth $37,000 after buying an additional 519 shares during the last quarter. Quarry LP increased its stake in shares of ABM Industries by 667.0% in the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock worth $41,000 after buying an additional 767 shares during the last quarter. Covestor Ltd raised its holdings in ABM Industries by 89.1% in the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 497 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in ABM Industries in the fourth quarter valued at $46,000. 91.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price target 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 shares of ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.00.

Insider Activity

In other news, CEO Scott B. Salmirs sold 50,000 shares of ABM Industries stock in a transaction dated Friday, June 12th. The shares were 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 approximately $18,317,506.90. The trade was a 11.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.

ABM Industries Price Performance

NYSE ABM opened at $47.04 on Thursday. The stock has a market capitalization of $2.76 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.23 and a beta of 0.70. ABM Industries Incorporated has a 12-month low of $36.96 and a 12-month high of $50.12. The company has a 50 day moving average price of $43.25 and a two-hundred day moving average price of $42.55. 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 issued its quarterly earnings data on Friday, June 5th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. ABM Industries’s quarterly revenue was up 8.4% compared to the same quarter last year. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, equities analysts predict that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, July 2nd. ABM Industries’s payout ratio is 44.62%.

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.