Vulcan Value Partners LLC decreased its holdings in shares of ABM Industries Incorporated (NYSE:ABM – Free Report) by 28.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 448,559 shares of the business services provider’s stock after selling 181,737 shares during the quarter. ABM Industries accounts for approximately 0.6% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 24th largest position. Vulcan Value Partners LLC owned 0.77% of ABM Industries worth $19,844,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ABM. Natixis Advisors LLC grew its holdings in shares of ABM Industries by 2.1% during the 4th quarter. Natixis Advisors LLC now owns 11,199 shares of the business services provider’s stock valued at $474,000 after purchasing an additional 231 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of ABM Industries by 4.2% during the third quarter. Mackenzie Financial Corp now owns 6,442 shares of the business services provider’s stock worth $297,000 after buying an additional 259 shares during the last quarter. Naples Global Advisors LLC increased its holdings in shares of ABM Industries by 2.4% during the fourth quarter. Naples Global Advisors LLC now owns 12,513 shares of the business services provider’s stock worth $529,000 after buying 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 acquiring an additional 312 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings 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 acquiring an additional 320 shares in the last quarter. Institutional investors own 91.62% of the company’s stock.
Insider Buying and Selling at ABM Industries
In other news, CEO Scott Salmirs sold 50,000 shares of the 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 transaction, the chief executive officer owned 395,285 shares of the company’s stock, valued at $18,317,506.90. This represents a 11.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Analysis on ABM
ABM Industries News Roundup
Here are the key news stories impacting ABM Industries this week:
- Positive Sentiment: Quarterly earnings beat estimates: Adjusted EPS rose 27% year over year to $1.04, exceeding the $1.01 consensus estimate. Revenue increased 4.2% to a record approximately $2.3 billion, in line with expectations. ABM Industries Q3 Earnings and Revenues Beat Estimates
- Positive Sentiment: Profitability and cash generation improved: Net income increased 19% to $49.7 million, adjusted EBITDA rose 11% to $139.6 million, and quarterly free cash flow reached $128.4 million. Nine-month operating and free cash flow also improved substantially year over year. ABM Reports Fiscal Third Quarter 2026 Results
- Positive Sentiment: Fiscal 2026 outlook raised: ABM now expects adjusted EPS of $3.95 to $4.10, with the midpoint above the $3.98 analyst consensus. The company also increased its operating cash flow and free cash flow expectations, signaling confidence in execution.
- Positive Sentiment: Dividend maintained: ABM declared a quarterly dividend of $0.29 per share, equivalent to $1.16 annually and a yield of approximately 2.3%. The dividend is payable November 2 to shareholders of record October 1.
- Neutral Sentiment: Revenue growth consisted of 2.1% organic growth and 2.1% acquisition-related growth, indicating acquisitions remain an important contributor to expansion.
- Negative Sentiment: Analysts’ average price target was reported at $47, below the stock’s recent trading level, potentially limiting near-term upside. Margin pressure and competition also remain risks despite the stronger quarter.
ABM Industries Trading Up 7.8%
Shares of ABM traded up $3.66 during trading hours on Tuesday, hitting $50.71. 1,019,344 shares of the stock were exchanged, compared to its average volume of 549,333. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week high of $50.95. The business has a 50-day moving average of $46.99 and a 200-day moving average of $43.13. The firm has a market capitalization of $2.97 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.23 and a beta of 0.68. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.46 and a quick ratio of 1.46.
ABM Industries (NYSE:ABM – Get Free Report) last released its earnings results on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.01 by $0.03. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 earnings per share. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. On average, research analysts expect that ABM Industries Incorporated will post 3.97 EPS for the current year.
ABM Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 1st. ABM Industries’s payout ratio is 44.62%.
ABM Industries 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.
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