140,549 Shares in ABM Industries Incorporated $ABM Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 140,549 shares of the business services provider's stock, valued at approximately $6,218,000. Meiji Yasuda Asset Management Co Ltd. owned approximately 0.24% of ABM Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of ABM Industries by 590.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the business services provider's stock worth $28,000 after buying an additional 520 shares in the last quarter. Quarry LP raised its holdings in ABM Industries by 667.0% in the 3rd quarter. Quarry LP now owns 882 shares of the business services provider's stock valued at $41,000 after acquiring an additional 767 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in ABM Industries in the 2nd quarter valued at about $43,000. Western Wealth Management LLC purchased a new position in shares of ABM Industries in the 1st quarter worth $39,000. Finally, Covestor Ltd lifted its position in ABM Industries by 89.1% during 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. Institutional investors and hedge funds own 91.62% of the company's stock.

Insider Activity

In other news, CEO Scott B. Salmirs sold 50,000 shares of the stock in a transaction dated Friday, June 12th. The stock was 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 of the company's stock, valued at approximately $18,317,506.90. This represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ABM shares. Weiss Ratings upgraded ABM Industries from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Robert W. Baird raised their price target on ABM Industries from $45.00 to $48.00 and gave the company a "neutral" rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $47.00.

ABM Industries Stock Performance

ABM stock opened at $46.83 on Monday. The stock has a market cap of $2.74 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.23 and a beta of 0.69. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a 50 day simple moving average of $46.41 and a 200 day simple moving average of $43.05. ABM Industries Incorporated has a 52 week low of $36.96 and a 52 week high of $50.12.

ABM Industries (NYSE:ABM - Get Free Report) last announced its quarterly earnings results on Friday, June 5th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.21 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. Research analysts anticipate that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.5%. ABM Industries's payout ratio is currently 44.62%.

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.

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