ABM Industries Incorporated $ABM Stock Holdings Raised by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in shares of ABM Industries Incorporated (NYSE:ABM) by 41.8% during the third quarter, Holdings Channel.com reports. The firm owned 218,944 shares of the business services provider’s stock after purchasing an additional 64,584 shares during the quarter. ProShare Advisors LLC’s holdings in ABM Industries were worth $10,531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in ABM Industries in the second quarter valued at about $410,948,000. Dimensional Fund Advisors LP lifted its position in shares of ABM Industries by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,076,047 shares of the business services provider’s stock valued at $157,007,000 after buying an additional 24,213 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in shares of ABM Industries during the second quarter valued at about $79,995,000. Copeland Capital Management LLC lifted its position in shares of ABM Industries by 70.8% during the third quarter. Copeland Capital Management LLC now owns 707,210 shares of the business services provider’s stock valued at $34,017,000 after buying an additional 293,172 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of ABM Industries in the 2nd quarter valued at about $24,486,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ABM shares. Wall Street Zen raised shares of ABM Industries from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Weiss Ratings upgraded shares of ABM Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Robert W. Baird increased their target price on shares of ABM Industries from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, September 9th. Truist Financial raised their target price on shares of ABM Industries from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, September 14th. Finally, UBS Group raised their target price on shares of ABM Industries from $45.00 to $51.50 and gave the company a “neutral” rating in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, ABM Industries has a consensus rating of “Hold” and an average target price of $50.88.

ABM Industries Stock Down 0.6%

Shares of ABM stock opened at $53.65 on Wednesday. ABM Industries Incorporated has a 1-year low of $36.96 and a 1-year high of $54.87. The stock’s fifty day moving average price is $49.99 and its 200 day moving average price is $44.97. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.40 and a beta of 0.66.

ABM Industries (NYSE:ABM) last released its quarterly earnings results on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. ABM Industries had a return on equity of 12.46% and a net margin of 1.82%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the business posted $0.82 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. 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 4.00 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Thursday, October 1st were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, October 1st. This represents a $1.16 annualized dividend and a dividend yield of 2.2%. ABM Industries’s dividend payout ratio is 41.88%.

About ABM Industries

ABM Industries Incorporated (NYSE: ABM) is a provider of facility, aviation and transportation, and infrastructure solutions for commercial, industrial, institutional and public-sector customers. The company helps organizations operate and maintain their properties through services that include janitorial and custodial work, facility engineering, HVAC and electrical support, parking and transportation management, landscaping, and security-related solutions.

ABM also provides specialized services for airports, education and healthcare institutions, manufacturing and distribution facilities, data centers, sports and entertainment venues, and other complex environments.