72,020 Shares in ABM Industries Incorporated $ABM Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC acquired 72,020 shares of ABM Industries in the second quarter, worth approximately $3.19 million, giving it a 0.12% stake. Institutional investors collectively own 91.62% of the company.
• Analysts maintain a largely neutral view, with one Buy rating and four Holds; the consensus rating is Hold with a $47 price target. Robert W. Baird recently raised its target from $45 to $48.
• ABM reported quarterly revenue of $2.29 billion, up 8.4% year over year, though earnings of $0.90 per share missed estimates by $0.02. The company pays a $0.29 quarterly dividend, equivalent to a 2.5% yield.

Ieq Capital LLC acquired a new stake in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 72,020 shares of the business services provider's stock, valued at approximately $3,186,000. Ieq Capital LLC owned approximately 0.12% of ABM Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 worth $28,000 after buying an additional 520 shares in the last quarter. Western Wealth Management LLC purchased a new position in ABM Industries during the first quarter valued at $39,000. Quarry LP grew its stake in ABM Industries by 667.0% during the third quarter. Quarry LP now owns 882 shares of the business services provider's stock valued at $41,000 after acquiring an additional 767 shares in the last quarter. Global Retirement Partners LLC bought a new stake in ABM Industries in the 2nd quarter valued at $43,000. Finally, Covestor Ltd increased its holdings in ABM Industries by 89.1% in the 4th quarter. Covestor Ltd now owns 1,055 shares of the business services provider's stock valued at $45,000 after acquiring an additional 497 shares during the last quarter. Institutional investors own 91.62% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on ABM. Robert W. Baird increased their price objective 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. Weiss Ratings raised ABM Industries from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $47.00.

Insider Activity at ABM Industries

In related news, CEO Scott B. Salmirs sold 50,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.34, for a total value of $2,317,000.00. Following the completion of the transaction, the chief executive officer owned 395,285 shares of the company's stock, valued at approximately $18,317,506.90. This trade represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company's stock.

ABM Industries Trading Up 0.1%

ABM stock opened at $46.87 on Tuesday. The firm has a fifty day moving average price of $46.47 and a 200 day moving average price of $43.06. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week high of $50.12. 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 market cap of $2.75 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.23 and a beta of 0.69.

ABM Industries (NYSE:ABM - Get Free Report) last released its quarterly earnings results 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 business 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 company earned $0.86 EPS. ABM Industries'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. Sell-side analysts anticipate that ABM Industries Incorporated will post 3.97 earnings per share for the current fiscal year.

ABM Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 2nd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, July 2nd. ABM Industries's dividend 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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