ABM Industries Incorporated $ABM Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in ABM Industries Incorporated (NYSE:ABM - Free Report) by 23.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 224,820 shares of the business services provider's stock after acquiring an additional 42,366 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.37% of ABM Industries worth $9,526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nordea Investment Management AB boosted its position in shares of ABM Industries by 1,068.7% in the 3rd quarter. Nordea Investment Management AB now owns 1,606,331 shares of the business services provider's stock valued at $73,297,000 after purchasing an additional 1,468,887 shares during the period. Ameriprise Financial Inc. raised its holdings in ABM Industries by 419.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,111,320 shares of the business services provider's stock worth $51,254,000 after buying an additional 897,402 shares during the period. Millennium Management LLC lifted its stake in ABM Industries by 883.5% during the third quarter. Millennium Management LLC now owns 672,200 shares of the business services provider's stock valued at $31,002,000 after buying an additional 603,853 shares in the last quarter. Invesco Ltd. lifted its stake in 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 buying an additional 575,273 shares in the last quarter. Finally, Simcoe Capital Management LLC acquired a new position in shares of ABM Industries in the second quarter worth about $20,720,000. 91.62% of the stock is owned by institutional investors and hedge funds.

ABM Industries Trading Up 0.1%

NYSE:ABM opened at $40.22 on Monday. The stock has a market cap of $2.35 billion, a PE ratio of 15.83 and a beta of 0.74. ABM Industries Incorporated has a fifty-two week low of $36.96 and a fifty-two week high of $52.94. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.50 and a quick ratio of 1.50. The stock's 50-day moving average is $40.71 and its two-hundred day moving average is $42.96.

ABM Industries (NYSE:ABM - Get Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.04). The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.19 billion. ABM Industries had a return on equity of 11.77% and a net margin of 1.78%.ABM Industries's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. ABM Industries has set its FY 2026 guidance at 3.850-4.150 EPS. As a group, equities research analysts forecast that ABM Industries Incorporated will post 3.94 earnings per share for the current fiscal year.

ABM Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be given a $0.29 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 2.9%. ABM Industries's dividend payout ratio is presently 45.67%.

Wall Street Analysts Forecast Growth

ABM has been the topic of a number of recent analyst reports. Robert W. Baird cut their price target on shares of ABM Industries from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, March 11th. Maxim Group raised shares of ABM Industries from a "hold" rating to a "buy" rating and set a $50.00 price objective for the company in a research note on Wednesday, March 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of ABM Industries in a research report on Monday, April 20th. UBS Group cut their target price on shares of ABM Industries from $51.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 11th. Finally, Truist Financial reduced their target price on ABM Industries from $47.00 to $45.00 and set a "hold" rating for the company in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and four have assigned 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 target price of $46.25.

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.

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