ABM Industries Incorporated $ABM Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in ABM Industries Incorporated (NYSE:ABM) by 0.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,076,047 shares of the business services provider’s stock after buying an additional 24,213 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of ABM Industries worth $157,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its stake in 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 purchasing an additional 520 shares during the last quarter. Quarry LP grew 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 worth $41,000 after purchasing an additional 767 shares during the last quarter. First Horizon Corp grew its holdings in ABM Industries by 141.4% in the 4th quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock worth $37,000 after buying an additional 519 shares in the last quarter. Covestor Ltd increased its holdings in shares of ABM Industries by 89.1% during the fourth 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 period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in ABM Industries during the 4th quarter valued at about $46,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ABM Industries

In other news, CEO Scott B. Salmirs sold 50,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.34, for a total value 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. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Trading Down 0.1%

Shares of ABM stock opened at $47.69 on Monday. ABM Industries Incorporated has a 12 month low of $36.96 and a 12 month high of $50.12. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $43.57 and its two-hundred day moving average is $42.61. The company has a market cap of $2.79 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.25 and a beta of 0.70.

ABM Industries (NYSE:ABM) last released its quarterly earnings results 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 the consensus estimate of $2.21 billion. During the same period in the prior year, the business earned $0.86 EPS. The company’s revenue for the quarter 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. Equities analysts predict that ABM Industries Incorporated will post 3.97 EPS for the current year.

ABM Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 2nd will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.16 annualized dividend and a yield of 2.4%. ABM Industries’s dividend payout ratio is presently 44.62%.

Analysts Set New Price Targets

ABM has been the subject of several research reports. 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. Robert W. Baird lifted their price target on ABM Industries from $45.00 to $48.00 and gave the company 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $47.00.

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.