72,761 ABM Industries Incorporated $ABM Shares Bought by Pzena Investment Management LLC

Key Points

• Pzena Investment Management increased its ABM Industries stake by 4%, adding 72,761 shares in the third quarter and bringing its holding to 1.88 million shares, worth about $90.5 million.
• ABM reported quarterly EPS of $1.04, beating the $1.01 analyst consensus; revenue rose 4.2% year over year to $2.32 billion. The company forecast fiscal 2026 EPS of $3.95–$4.10.
• ABM’s quarterly dividend is $0.29 per share, equivalent to a 2.1% annual yield. Analysts’ average rating was “Hold,” with an average price target of $50.88.

Pzena Investment Management LLC raised its stake in shares of ABM Industries Incorporated (NYSE:ABM - Free Report) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,880,964 shares of the business services provider's stock after buying an additional 72,761 shares during the period. Pzena Investment Management LLC owned about 3.21% of ABM Industries worth $90,474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aberdeen Wealth Management LLC purchased a new position in ABM Industries during the second quarter valued at $25,000. IFP Advisors Inc raised its position in shares of ABM Industries by 183.7% during the second quarter. IFP Advisors Inc now owns 590 shares of the business services provider's stock valued at $26,000 after buying an additional 382 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of ABM Industries during the second quarter valued at approximately $27,000. Fortitude Family Office LLC lifted its holdings in shares of ABM Industries by 1,451.4% in the third quarter. Fortitude Family Office LLC now owns 574 shares of the business services provider's stock worth $28,000 after buying an additional 537 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of ABM Industries in the third quarter worth $33,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

ABM Industries Stock Up 2.1%

Shares of NYSE ABM opened at $54.75 on Thursday. ABM Industries Incorporated has a 12-month low of $36.96 and a 12-month high of $55.34. The stock's fifty day simple moving average is $50.15 and its two-hundred day simple moving average is $45.02. The stock has a market capitalization of $3.21 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.39 and a beta of 0.66. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.97.

ABM Industries (NYSE:ABM - Get Free Report) last announced its earnings results on Tuesday, September 8th. The business services provider reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. ABM Industries had a net margin of 1.82% and a return on equity of 12.46%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The firm's revenue was up 4.2% on a year-over-year basis. ABM Industries has set its FY 2026 guidance at 3.950-4.100 EPS. As a group, analysts expect that ABM Industries Incorporated will post 4.00 EPS for the current fiscal year.

ABM Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 1st were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, October 1st. ABM Industries's dividend payout ratio (DPR) is currently 41.88%.

Analyst Ratings Changes

A number of research firms recently weighed in on ABM. Robert W. Baird raised their target price on shares of ABM Industries from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Wednesday, September 9th. UBS Group boosted their target price on shares of ABM Industries from $45.00 to $51.50 and gave the stock a "neutral" rating in a report on Wednesday, September 9th. Wall Street Zen raised shares of ABM Industries from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Truist Financial increased their price target on shares of ABM Industries from $45.00 to $49.00 and gave the company a "hold" rating in a report on Monday, September 14th. Finally, Weiss Ratings raised ABM Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, October 13th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, ABM Industries currently has an average rating of "Hold" and an average price target of $50.88.

ABM Industries Company Profile

ABM Industries Incorporated NYSE: ABM is a provider of facility, aviation and transportation, and infrastructure solutions for commercial, industrial, institutional and public-sector customers. The company helps organizations operate and maintain their properties through services that include janitorial and custodial work, facility engineering, HVAC and electrical support, parking and transportation management, landscaping, and security-related solutions.

ABM also provides specialized services for airports, education and healthcare institutions, manufacturing and distribution facilities, data centers, sports and entertainment venues, and other complex environments.

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