1,808,203 Shares in ABM Industries Incorporated $ABM Acquired by Pzena Investment Management LLC

Key Points

• Pzena Investment Management acquired 1.81 million ABM Industries shares worth approximately $80 million, giving it a 3.09% stake. Institutional investors and hedge funds collectively own 91.62% of the company.
• ABM reported quarterly revenue of $2.29 billion, up 8.4% year over year, but earnings of $0.90 per share fell short of analysts’ $0.92 estimate. The company maintained fiscal 2026 EPS guidance of $3.85 to $4.15.
• ABM’s shares opened at $47.59, near analysts’ average $47 price target, while the stock carries a consensus “Hold” rating. The company also pays a quarterly dividend of $0.29 per share, representing a 2.4% yield.

Pzena Investment Management LLC acquired a new stake in ABM Industries Incorporated (NYSE:ABM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,808,203 shares of the business services provider's stock, valued at approximately $79,995,000. Pzena Investment Management LLC owned approximately 3.09% of ABM Industries at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its position in 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 purchasing an additional 520 shares in the last quarter. First Horizon Corp increased its position in shares of 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. Western Wealth Management LLC purchased a new position in shares of ABM Industries in the first quarter valued at $39,000. Quarry LP raised its stake in shares of ABM Industries by 667.0% during the 3rd quarter. Quarry LP now owns 882 shares of the business services provider's stock worth $41,000 after buying an additional 767 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of ABM Industries during the 2nd quarter worth $43,000. 91.62% of the stock is owned by institutional investors and hedge funds.

ABM Industries Stock Performance

NYSE ABM opened at $47.59 on Tuesday. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week high of $50.12. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69. The business has a fifty day moving average of $46.27 and a 200-day moving average of $43.01. 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 - Get Free Report) 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 the consensus estimate of $0.92 by ($0.02). The company had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.21 billion. ABM Industries had a net margin of 1.75% and a return on equity of 11.84%. The firm's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, analysts predict that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, July 2nd. ABM Industries's dividend payout ratio (DPR) is currently 44.62%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ABM shares. Weiss Ratings raised shares of ABM Industries from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Robert W. Baird upped 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 research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $47.00.

Insider Activity

In other news, CEO Scott B. Salmirs sold 50,000 shares of ABM Industries 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 completion of the sale, the chief executive officer directly 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 SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.90% of the stock is owned by corporate insiders.

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.

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