Deutsche Bank AG acquired a new stake in ABM Industries Incorporated (NYSE:ABM – Free Report) in the second quarter, Holdings Channel reports. The firm acquired 60,960 shares of the business services provider’s stock, valued at approximately $2,697,000.
Other large investors have also bought and sold shares of the company. Natixis Advisors LLC lifted its holdings in ABM Industries by 2.1% in the fourth quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock valued at $474,000 after buying an additional 231 shares during the period. Mackenzie Financial Corp grew its holdings in ABM Industries by 4.2% during the 3rd quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock worth $297,000 after acquiring an additional 259 shares during the period. Naples Global Advisors LLC raised its position in shares of ABM Industries by 2.4% in the 4th quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock worth $529,000 after acquiring an additional 289 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of ABM Industries by 0.4% in the 1st quarter. Royal Bank of Canada now owns 86,571 shares of the business services provider’s stock valued at $4,100,000 after purchasing an additional 312 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of ABM Industries by 3.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 10,822 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 320 shares in the last quarter. 91.62% of the stock is owned by institutional investors.
Insider Buying and Selling
In other ABM Industries news, CEO Scott B. Salmirs sold 50,000 shares of the company’s stock in a transaction dated 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 directly owned 395,285 shares in the company, valued at $18,317,506.90. This represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is currently owned by insiders.
ABM Industries Trading Down 1.2%
ABM Industries (NYSE:ABM – Get Free Report) last released its 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). The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.21 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. On average, equities analysts expect that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.
ABM Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, July 2nd. ABM Industries’s dividend payout ratio is presently 44.62%.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on ABM Industries from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Weiss Ratings upgraded shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One investment 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, ABM Industries presently has a consensus rating of “Hold” and an average target price of $47.00.
View Our Latest Report on ABM Industries
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.
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