Caxton Associates LLP Buys Shares of 18,768 ABM Industries Incorporated $ABM

Caxton Associates LLP bought a new stake in ABM Industries Incorporated (NYSE:ABM) during the 1st quarter, Holdings Channel reports. The fund bought 18,768 shares of the business services provider’s stock, valued at approximately $723,000.

Several other institutional investors also recently modified their holdings of ABM. Ameriprise Financial Inc. raised its position in shares of ABM Industries by 419.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock valued at $51,254,000 after acquiring an additional 897,402 shares during the period. Norges Bank acquired a new stake in ABM Industries in the fourth quarter worth $32,850,000. Millennium Management LLC boosted its position in shares of ABM Industries by 883.5% during 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. boosted its position in shares of 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 in the last quarter. Finally, Simcoe Capital Management LLC acquired a new position in shares of ABM Industries in the 2nd quarter valued at $20,720,000. 91.62% of the stock is currently owned by institutional investors and hedge funds.

ABM Industries Stock Performance

NYSE ABM opened at $48.52 on Tuesday. The stock has a market cap of $2.84 billion, a PE ratio of 18.66, a P/E/G ratio of 1.25 and a beta of 0.70. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a 50-day moving average of $43.74 and a 200-day moving average of $42.64. ABM Industries Incorporated has a 52-week low of $36.96 and a 52-week high of $50.12.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data 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). 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 analyst estimates of $2.21 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The business’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. On average, sell-side analysts anticipate that ABM Industries Incorporated will post 3.97 EPS for the current year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, July 2nd. ABM Industries’s dividend payout ratio (DPR) is presently 44.62%.

Analyst Upgrades and Downgrades

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

Insider Activity

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

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.