ABM Industries Incorporated $ABM Holdings Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in shares of ABM Industries Incorporated (NYSE:ABM) by 10.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,261,859 shares of the business services provider’s stock after selling 154,285 shares during the period. Principal Financial Group Inc. owned approximately 2.06% of ABM Industries worth $58,197,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Mutual Advisors LLC purchased a new stake in shares of ABM Industries in the third quarter worth approximately $204,000. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of ABM Industries in the third quarter worth $213,000. Cornerstone Wealth Management LLC lifted its position in ABM Industries by 2.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 11,022 shares of the business services provider’s stock worth $508,000 after acquiring an additional 247 shares during the last quarter. Arizona State Retirement System boosted its stake in ABM Industries by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 18,422 shares of the business services provider’s stock valued at $850,000 after purchasing an additional 260 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of ABM Industries in the third quarter worth $4,329,000. Institutional investors own 91.62% of the company’s stock.

Insiders Place Their Bets

In related news, COO Rene Jacobsen sold 31,034 shares of ABM Industries stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $44.12, for a total transaction of $1,369,220.08. Following the sale, the chief operating officer directly owned 51,714 shares in the company, valued at $2,281,621.68. This trade represents a 37.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on ABM. Truist Financial restated a “hold” rating and set a $47.00 price objective (down from $58.00) on shares of ABM Industries in a research report on Wednesday, January 21st. UBS Group restated a “neutral” rating and set a $51.00 price target (down from $55.00) on shares of ABM Industries in a research report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of ABM Industries in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered ABM Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.67.

ABM Industries Stock Performance

NYSE ABM opened at $45.61 on Wednesday. ABM Industries Incorporated has a 1 year low of $40.00 and a 1 year high of $54.90. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $2.74 billion, a P/E ratio of 17.61 and a beta of 0.75. The firm’s fifty day moving average price is $44.35 and its two-hundred day moving average price is $45.27.

ABM Industries (NYSE:ABM) last posted its earnings results on Wednesday, December 17th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.21). The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.28 billion. ABM Industries had a return on equity of 11.96% and a net margin of 1.86%.The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.15 EPS. As a group, research analysts anticipate that ABM Industries Incorporated will post 3.71 EPS for the current year.

ABM Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Wednesday, January 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, January 14th. This is a positive change from ABM Industries’s previous quarterly dividend of $0.27. ABM Industries’s payout ratio is currently 44.79%.

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.