Pzena Investment Management LLC Makes New Investment in ABM Industries Incorporated $ABM

Pzena Investment Management LLC acquired a new position in shares of ABM Industries Incorporated (NYSE:ABM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,808,203 shares of the business services provider’s stock, valued at approximately $79,995,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Eagle Investment Management LLC acquired a new position in shares of ABM Industries during the 4th quarter valued at about $7,623,000. Quantinno Capital Management LP boosted its position in shares of ABM Industries by 86.3% in the first quarter. Quantinno Capital Management LP now owns 54,790 shares of the business services provider’s stock worth $2,111,000 after acquiring an additional 25,388 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of ABM Industries in the first quarter worth approximately $1,002,000. Pacer Advisors Inc. acquired a new stake in shares of ABM Industries in the first quarter worth approximately $12,739,000. Finally, Invenomic Capital Management LP grew its holdings in ABM Industries by 25.9% in the fourth quarter. Invenomic Capital Management LP now owns 629,452 shares of the business services provider’s stock valued at $26,626,000 after purchasing an additional 129,614 shares during the period. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Stock Down 1.1%

Shares of NYSE:ABM opened at $47.59 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. ABM Industries Incorporated has a 1 year low of $36.96 and a 1 year high of $50.12. The stock has a market capitalization of $2.79 billion, a P/E ratio of 18.30, a PEG ratio of 1.26 and a beta of 0.69. The stock has a 50-day simple moving average of $46.27 and a 200-day simple moving average of $43.01.

ABM Industries (NYSE:ABM) last posted its earnings results on Friday, June 5th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). ABM Industries had a return on equity of 11.84% and a net margin of 1.75%.The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the company posted $0.86 EPS. The firm’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 forecast that ABM Industries Incorporated will post 3.97 earnings per share for the current year.

ABM Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.16 annualized dividend and a dividend yield of 2.4%. ABM Industries’s dividend payout ratio is presently 44.62%.

Insider Activity

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 transaction, the chief executive officer owned 395,285 shares of the company’s stock, valued at approximately $18,317,506.90. This trade represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on ABM. Weiss Ratings raised shares of ABM Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Robert W. Baird lifted their price target on shares of ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, ABM Industries presently has a consensus rating of “Hold” and a consensus 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.