William Blair Investment Management LLC Has $19.93 Million Holdings in ABM Industries Incorporated $ABM

William Blair Investment Management LLC cut its position in ABM Industries Incorporated (NYSE:ABM) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 471,120 shares of the business services provider’s stock after selling 211,245 shares during the period. William Blair Investment Management LLC owned 0.78% of ABM Industries worth $19,928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ABM. Caitong International Asset Management Co. Ltd boosted its position in ABM Industries by 590.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider’s stock valued at $28,000 after buying an additional 520 shares in the last quarter. First Horizon Corp boosted its position in ABM Industries by 141.4% in the fourth quarter. First Horizon Corp now owns 886 shares of the business services provider’s stock valued at $37,000 after buying an additional 519 shares in the last quarter. Quarry LP boosted its position in ABM Industries by 667.0% in the third quarter. Quarry LP now owns 882 shares of the business services provider’s stock valued at $41,000 after buying an additional 767 shares in the last quarter. Covestor Ltd boosted its position in ABM Industries by 89.1% in the fourth quarter. Covestor Ltd now owns 1,055 shares of the business services provider’s stock valued at $45,000 after buying an additional 497 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in ABM Industries in the fourth quarter valued at about $46,000. 91.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on ABM. Robert W. Baird reduced their price target on shares of ABM Industries from $52.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. Maxim Group upgraded shares of ABM Industries from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, March 11th. Weiss Ratings lowered shares of ABM Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Truist Financial reduced their price target on shares of ABM Industries from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Finally, UBS Group reduced their target price on shares of ABM Industries from $51.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.25.

ABM Industries Price Performance

Shares of ABM stock opened at $40.20 on Tuesday. ABM Industries Incorporated has a 1 year low of $36.96 and a 1 year high of $52.94. The firm’s 50 day moving average is $39.27 and its 200-day moving average is $42.33. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 15.82 and a beta of 0.74. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.93.

ABM Industries (NYSE:ABM) last announced its earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. ABM Industries’s revenue for the quarter was up 6.1% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Sell-side analysts forecast that ABM Industries Incorporated will post 3.94 EPS for the current fiscal year.

ABM Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, April 2nd. ABM Industries’s dividend payout ratio is presently 45.67%.

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.