KBC Group NV Raises Stock Holdings in ABM Industries Incorporated $ABM

KBC Group NV boosted its position in shares of ABM Industries Incorporated (NYSE:ABM) by 4,379.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 96,795 shares of the business services provider’s stock after buying an additional 94,634 shares during the quarter. KBC Group NV’s holdings in ABM Industries were worth $3,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in ABM Industries by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,051,834 shares of the business services provider’s stock worth $171,394,000 after acquiring an additional 31,709 shares during the last quarter. Invesco Ltd. raised its stake in shares of ABM Industries by 31.7% during the third quarter. Invesco Ltd. now owns 2,390,863 shares of the business services provider’s stock valued at $110,267,000 after acquiring an additional 575,273 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of ABM Industries by 30.0% during the first quarter. Pzena Investment Management LLC now owns 1,522,936 shares of the business services provider’s stock valued at $58,663,000 after acquiring an additional 351,407 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of ABM Industries by 419.5% during the third quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider’s stock worth $51,254,000 after purchasing an additional 897,402 shares during the period. Finally, Norges Bank purchased a new stake in shares of ABM Industries during the fourth quarter worth about $32,850,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

ABM Industries Stock Performance

Shares of ABM stock opened at $47.69 on Friday. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.24 and a beta of 0.70. The stock has a fifty day moving average of $43.57 and a 200 day moving average of $42.62. ABM Industries Incorporated has a 52 week low of $36.96 and a 52 week high of $50.12. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.04.

ABM Industries (NYSE:ABM) last issued its quarterly earnings data 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 net margin of 1.75% and a return on equity of 11.84%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. 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. As a group, research analysts expect that ABM Industries Incorporated will post 3.97 earnings per share for the current year.

ABM Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.4%. ABM Industries’s payout ratio is presently 44.62%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ABM. Weiss Ratings raised ABM Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Robert W. Baird upped their price target on ABM Industries from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $47.00.

Insider Activity

In related news, CEO Scott B. Salmirs sold 50,000 shares of the business’s 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 in the company, valued at $18,317,506.90. The trade was a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

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.